Hiring Accountants: Tips for Business Owners

How to Avoid the Dreaded Cash Flow Crunch

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They say that cash is the universal language, and everybody understands its meaning. Certainly, it’s difficult to do business in Australia without it, and you need to keep a close eye on your bank balance at all times to make sure that you don’t get into trouble. If you’re a small business owner, you may think that this is fairly obvious, but you may inadvertently be creating problems for yourself by making it difficult for your customers to actually pay you.…

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Three Essential Guidelines for Lodging Your Tax Returns Successfully

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Proper management of taxation liabilities is essential for the long-term stability of your finances and future. If your owed taxes are not paid on time or the process is handled incorrectly, you might be subjected to significant financial penalties. Also, if you are not keen during the lodgement of your applications, you could miss out on important refunds. Under ideal circumstances, you should engage a qualified accountant to help you manage your tax return process.…

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What Are Some of the Most Common Mistakes People Make When Filing Their Tax Return?

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Do you approach “tax day” with a certain amount of trepidation? Of course, nobody really enjoys submitting their return to the ATO, but if you prepare properly then there shouldn’t be too much to worry about. What are some of the most common mistakes people make when they are filling in their tax return? All That Data As they get access to new technology and gather more data, the Australian Taxation Office is able to analyse individual tax returns more efficiently and uncover anomalies.…

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