Small Business Accountant Perth

  If you are running a business, you must be knowing that maintaining proper books of accounts is essential. Missing even once transaction entry could lead to troubles and thus one must maintain good accounting practices. Also, if your business is small then it is better to hire accounting services so that the business accounting gets managed professionally and you can focus your energies on business. Let us have a look at the most common types of business accounting services that you might need for your business. Types of Business Accounting Services Bookkeeping Services As a part of bookkeeping services, the books of accounts are maintained and updated regularly by accountants. The transactions are analyzed and then recorded in the accounting software on a daily basis. The most commonly used accounting software include Xero, MYOB, QuickBooks, and Receipt Bank. The accountants make sure that the accounting records remain updated and to achieve this they carry out a number of tasks...

  Unless you’re an accountant like us, then chances are you probably find completing your annual income tax return a boring, or plain annoying, chore. For some, lodging their tax return is so daunting they’d rather avoid it with any excuse possible.  For example, HMRC in 2021 cited excuses from pets eating their tax forms to alien invasions  (Seriously, read about it here). While sometimes late lodgments can be amusing, for the most part, there are serious consequences for lodging your tax return late – or simply not at all. Do I really need to lodge a tax return though? If you earn more than $18,200 a year, then the short answer is – yes! If you earn less than the threshold though, you  may still need to lodge it  – If you fall below this threshold and are unsure, Auditax Accountants can help you determine whether you’re required to lodge. What if I don’t lodge a tax return? Well, you may be in for a fun time then. If you fail to lodge your income tax return ...