At The Accounting Hub, we are always looking for ways to make your accounting and tax life easier. In fact, one of the reasons we established the firm was to use new technology to reduce the administrative workload for business [read more...]
It seems there is barely a month that goes by without another story appearing in the news about an employee who has stolen thousands, sometimes hundreds of thousands, of dollars from their employer. The reality is that most fraud does [read more...]
One of the basics of running a successful business is setting a budget each year. Without one, it’s easy to muddle through and simply hope this year’s results are better than last year’s. A budget helps you take control of [read more...]
If you run a business from home, or use part of your home primarily for business purposes, you can often claim a proportion of household costs as business expenses. So, how do you calculate this? Well, traditionally, the process has [read more...]
Every business seems to have one. The keeper of the financial keys. The person who knows the systems, the passwords, the filing logic and how the numbers actually come together behind the scenes. Good bookkeepers often work quietly in the background, keeping everything [read more...]
There is an old image of bookkeeping that still lingers in many people’s minds. Someone sitting quietly in the corner of the office entering numbers into a ledger. Necessary work, but mostly invisible. Modern bookkeeping is nothing like that. In [read more...]
As the end of the financial year approaches, attention often turns to year-end accounts and tax compliance. For many business owners, this can feel like a compressed, high-pressure process where everything needs to be finalised at once. In practice, the [read more...]
It’s a common belief among business owners that registering for GST early is a smart move, a sign you’re “legit,” or a shortcut to claiming back setup costs. But GST isn’t a refund scheme. In some cases, registering too soon [read more...]
If you’re operating as a sole trader in the IT industry, one of the key decisions you’ll face is whether to set yourself up as a contractor or through a company structure. Both options offer distinct benefits, depending on your [read more...]
The holiday season can be a challenging time for cashflow, especially for businesses experiencing fluctuating sales, delayed payments, or increased expenses. Here are some strategies to keep your cashflow healthy as you enter the Christmas holiday period. Forecast your cashflow [read more...]
