Do you know your ABCs?

A is for Assets B is for Balance C is for Capital D is for Depreciation E is for Equity F is for Finance G is for Gain H is for Holding Cost I is for Individual J is for Journals K is for Knowledge L is for Liability M is for Margin N is

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Fact or Fiction? Accounting Myths Debunked!

Accountants are BORRING This is my favourite myth! Sure, any group that get excited over fancy pens, or have a blow up chicken as an office pet might cause you to raise an eyebrow – but as with any career, you will find a variety of personalities throughout the profession. Most accountants I know are

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How to Change Accountants

We have all been there – sticking with a service because it is the easiest option. Whether its your phone company, bank, or utility provider the thought of going through the paperwork and phone calls can feel overwhelming. It can be the same with your Accountant, but what if we told you that its quite

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Single Touch Payroll: Are you Ready?

What is Single Touch Payroll? Single Touch Payroll or STP, is an Australian Government initiative to reduce reporting burdens across government agencies. It is a new way to do your payroll reporting using STP enabled software such as Xero or MYOB. The Australian Government has made it a legislative requirement that employers report all pay

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Business Structures Explained

One of the first and key decisions you will make when starting a business – is its structure. The type of structure will depend on the size of the business and how you want to run it. Each different structure will have an impact on specific areas such as tax, asset protection and set up

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