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How to start a business & set up a company (we’re in the press again)

BiZ Rego

One of the daunting things about starting a business are all the unanswered questions: should you be a sole trader or a company? How does GST work, and do I have to register for it? And many more...but there is now at least a little help in the form of the Business Registration Service, a new government initiative to streamline the process of starting a business. But is it all that you need, and would you still need to come and see an accountant? Accountants Daily interviewed us to find out.

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The $20k Instant Asset Write-Off (and we’re in the press again!)

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The $20,000 Instant Asset Write-Off is probably the most relevant and widely-used tax benefit to small business, and it may be a term that you've heard lately in the latest Budget. But what does it mean for the average small business? Accountants Daily interviewed us to find out.

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So…crypto and your tax, Part 1

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If you're riding the emotional rollercoaster that is cryptocurrency, then at some point, we should talk about how crypto affects your (Australian) tax return: whether you daytrade, hodl, or are just a tourist. We'll try to bust some urban myths about crypto and your taxes, and give you some direction on what you need to do.

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We’re featured in Accountants Daily!

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We're stoked that Australia's leading publication to the industry, Accountants Daily recently sat down with us to find out what makes us tick, and how we use accounting technology to deliver a better service.

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Overcoming the challenges of financing your business

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“Neither a borrower, or a lender be”…or so the old saying goes. But when you are in business, it’s not quite so simple. Starting a business often requires huge sums of money, and sometimes even a mature business can find itself in need of a loan. But where do you start?

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What’s the best way to do accounting for one-man band consultants?

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So you've been doing engineering, marketing or business improvement for a big company, you have a stellar CV, and now you've made the awesome choice to strike out on your own. You have some clients and are starting to get really busy, but what's the best way to sort out your accounts? It doesn't have to be difficult or expensive.

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We’ll be on the panel at the Sydney Xero Roadshow, 31st Jan 2018

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If you’re planning to attend one of the upcoming 2018 Xero Roadshows then why not stick around for Receipt Bank + Practice Ignition's panel discussion? I’ll be joining a panel of my friends in accounting to talk about how to harness the power of tech to increase your efficiency and save time. It'll be fun!

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Why do we offer a full-service bookkeeping, payroll and tax package?

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We were recently on a panel with Accountants Daily, and the discussion was about whether bookkeeping had any place in a modern accounting firm’s offerings. We (passionately!) feel that by offering clients a full accounting service, it does save the client a lot of time but it also means that we are much closer to your business. When we do your payroll and day to day bookkeeping, we’ll be in touch with you very regularly…perhaps even weekly.

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How better accounting helped a client double in size

Sofrito

We're fortunate to have a close working relationship with the award-winning bookkeeping software, Receipt Bank. Recently they asked if we would be interested in giving some insight as to how we use Receipt Bank to help our clients. Our awesome clients, Sofrito Paella gamely agreed to take part, featuring CEO Andy and his delicious paella.

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How do I make it easier to keep track of my business expenses?

yanktank

Have you got a side-hustle; a little startup or hobby business you’re doing on the side? Hey, good for you. Maybe you’re selling handmade candles in a market, or baking wedding cakes at home, it’s for fun as much as it is for profit, and you don’t want it to be a chore. Here’s one simple thing you can do to make your life easier.

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