Accountancy tips for new businesses
19 November 2015
Provided that you have not qualified as an accountant, the world of accountancy can be intimidating and overwhelming to those who are involved in starting a business for the first time. Especially if you are young, it can be a very confusing topic that you have little to no experience with handling yourself. You may have never had to file a comprehensive tax return yourself, thanks to being employed by a corporation that looks after most of that stuff for you.
The Benefits of a Superannuation Fund for Retirement
24 August 2015
A superannuation fund is a retirement fund that is meant specifically for accessing when you retire, and it offers many benefits over standard investments and pension plans. While it's not meant to be accessed until you retire or in case of an urgent financial situation such as permanent disability or terminal illness, it does offer many advantages over other types of retirements plans. Note a few of the benefits of such a fund here, and be sure you talk to your accountant or financial planner about any changes that may have been enacted for such a fund before you decide it's the right choice for you.
How Do You Write Off a Holiday Trip on Your Taxes?
24 June 2015
Taking a holiday can be expensive but with a little prior planning and a bit of creativity, you may be able to deduct some of those expenses on your taxes. Check out these accounting ideas. They don't work for every situation, but they may work for yours:
1. Plan a business trip
If you own your own business, you can write off the cost of a business trip on your taxes.
4 Advantages of Moving Towards Cloud-based Bookkeeping Solutions as a Small Business
9 June 2015
Keeping your bookkeeping on the cloud is a great way to improve the communication between you and your accountant, and make sure that everyone is working from the most recent information. Here are some of the advantages in moving towards a cloud based system.
You bookkeeper no longer needs to sit in the same office as you, and can work on your system at any time. This is a great way to offer more flexibility to your bookkeeper so that they can work from home, or during the work hours that suit them the most.