Accounting & Finance Archives - Page 2 of 5

Category: Accounting & Finance

Accounting best practices when starting out as a professional services contractor

Posted by Helen Willis
on August 9, 2023

Starting out as a professional services contractor is an exciting time. Whether you are in IT, medicine, engineering, law or something more creative, contracting provides a unique set of opportunities and challenges. And whether your goal is to just have [read more...]

What is a fractional accounting team?

Posted by Andrew Millington
on May 12, 2023

A fractional accounting team or fractional accountant, is a finance department or professional that works on a part-time, retainer, or contract basis. They bring the experience and expertise of a high-level accounting team to your business – without the cost [read more...]

Guide to Fringe Benefit Tax (FBT)

Posted by Amy Lam
on June 9, 2022

Fringe benefit tax (FBT) is tax payable on non-cash benefits provided to employees including shareholder employees. It is separate to income tax and charged according to the taxable value of the fringe benefits provided. Employers can make a deduction on [read more...]

End of financial year check up for your business

Posted by The Accounting Hub
on February 25, 2022

With financial year end coming up soon, now is a good time to tidy up the books and review. But it shouldn’t just be about the numbers, it’s also a good time for a mental health check-in for staff and [read more...]

5 steps to early retirement

Posted by The Accounting Hub
on July 11, 2021

For some people, early retirement is a choice. For others, it’s a necessity. If you are running your own business, a retirement plan is probably the last thing on your to do list. Regardless of which group you fall into, [read more...]

How to build a business you can sell

Posted by The Accounting Hub
on April 29, 2021

Many entrepreneurs start their business with the goal of earning an income for themselves, but they often think of the business only in terms of them running it. In truth, there is a huge benefit to starting a business either [read more...]

Tax expenses: don’t claim too much!

Posted by Helen Willis
on March 23, 2021

Knowing what and how much to claim in expenses on your Income Tax Return or financial records is probably more important than you imagine. Read on to find out more. Legitimate expenses lower your taxable income If you own a [read more...]

Chargeout rates: signs you’re undercharging for your work

Posted by Andrew Millington
on March 7, 2021

When it comes to the overall success of your business, one of the most important decisions you’ll face is how to price for the work you do, ie, your chargeout rate. Charge too much and you could scare away potential [read more...]

Three finance options for your business

Posted by The Accounting Hub
on January 8, 2021

As a business owner there maybe several times when you need to access financing. It may be in the early stages of your business, when start-up costs for offices, equipment and employees must be covered. Or it may be later [read more...]

3 holiday season tips for employers

Posted by The Accounting Hub
on December 18, 2020

The end of year parties have started and the Christmas tree is up. 2020 is, finally, nearly over. However, before you open the champagne, have you made your staffing plans for the holiday season? Many of you will have your [read more...]