Free accounting advice for business owners.
We enjoy sharing our accounting knowledge to help all business owners.
We love explaining the details behind important accounting topics that we know business owners will care about. We hope you enjoy reading our free accounting advice that covers topics relating to tax and other financial matters. We work with thousands of businesses every year & have a wealth of knowledge that can share to ensure your accounting practices are efficient while you are informed.
Don’t have access to a scanner? No problem.
It is really easy to scan documents to give to our accountant, even if you don’t own a scanner, we explain some of the options available
Set up your access to the Business Portal.
The ATO provides a number of online services to help manage your tax affairs. Setting up your Business Portal access will give you more control of your ATO accounts and lodgements. See how
What to expect from ATO risk reviews and audits.
An ATO audit can happen any time to a business for things like JobKeeper, early release of super & other financial issues. Learn about what to expect
What type of accountant provides advice on audit and tax issues?
If you manage your daily bookkeeping you might only consider using an accountant when it comes time to prepare your annual tax return but they can do more.
5 things to consider when changing software for your business.
Changing software is a big task, it is time-consuming to research, move data, train staff, update procedures and implement. These are our top 5 considerations
Understanding Your Profit and Loss Statement
Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure.
As business owners, we would all like a crystal ball into the future so we could make sound decisions for future strategies, now. In the real world though, the next best thing to help inform and improve your business decision-making is by producing regular management information reports
Making Good, Informed Business Decisions
This is not something that every new business owner will have down-pat from the beginning but rather, is something that is learned. And it’s important to have the right information at your fingertips so you can make good, informed business decisions along the way.
Is your business performing to its targets?
Or perhaps the first question should be, have you set you and your business key performance indicators (KPI’s) to help keep track of your goals
It goes without saying that your customers are your lifeblood. Without a stable client base, your business can’t generate sales, bring in income or create
As a business owner, it’s easy to get bogged down in the day to day running’s just to simply keep the cogs turning. Too often
Simple Marketing Tips for Tradies
For your business to grow, you need to increase cash flow and for this to happen, customers need to know who you are and what
Have you got a strategy for a financially stress-free holiday period?
The Christmas holiday break is a chance to recharge for the year ahead, especially after the eventful year we have had. Here at Fitzpatrick +
Planning for Seasonal Dips in Income.
Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these
It is important to keep track of the record-keeping and accounting aspects of your business.Here are some top accounting tips that can help save you