The importance of regular bank reconciliations

Regular bank reconciliations are an important part of managing your finances. They are the process of matching the transactions in your financial records with those recorded on your bank statement. This is a critical process that helps identify and rectify any...

Reflect and reset for 2024

2023 provided its fair share of challenges, highlights, and opportunities, with many businesses and people feeling the pinch, prompting us to reflect on our resilience and adaptability. From adversity can come opportunity. As the new year begins, it’s time to reflect...

Short Term/Homestay Accommodation Changes

Do you need to be GST registered? Will your marketplace operator automatically attend to the GST on your behalf? Do you need to register for GST? If you are not registered for GST, you will need to register if you have earned, or will earn more than $60,000 from all...

Some common things businesses forget at tax time

Running a business is a demanding job, so it’s no wonder owners lose track of crucial things at tax time, such as: Deducting entertainment expenses Dinner and lunch meetings with clients and customers are partially tax deductible. Keep your receipts and check in with...