I get asked all the time “so what is the difference” and “why can’t i just get you to do my tax for me”?? One way to remember the difference is bookkeepers RECORD business data and accountants ANALYSE business data. Most bookkeepers’ relationship with their clients is on a weekly or monthly basis, whereas the accountants relationship is less frequent, therefore the bookkeeper is more… Read More »Do You Know The Difference Between A Bookkeeper and An Accountant?
Angelique is the Founder and Managing Director of Flexible Financial Solutions based on the Gold Coast, Queensland. With over three decades of bookkeeping experience, and qualifications in Small Business Management and Financial Services, Angelique has an understanding of all aspects of businesses from the ground up. By cutting through complex “numbers” jargons and breaking down complex terminology to help her clients gain better understanding, Angelique grew her current loyal client base from humble beginnings in Queensland. What started as a one-woman practice has quickly expanded to a team of professional bookkeepers and BAS Agents. Today, Flexible Financial Solutions care for clients from many different parts all over Australia and have grown to become a part of ‘the family’ of many Australian businesses.
Monday tip time this tip today is about business structures. remove when you have a business, you need to have it set up either as a sole trader or a trust, a company, a partnership, and then all the different levels of different trusts as well. However, a lot of times the business owner will set his business up with not a lot of background… Read More »Knowing the Right Business Structure
Let’s talk about frustrating things that sole traders do. So this tip is for you sole traders and the frustrations surrounding the way that you bank. Please don’t use one bank account for your everyday life —- for your personal stuff for your family expenses, your holidays, all the rest of it and your business as well. Get yourself a second bank account. Sometimes even… Read More »Setting Yourself Up for Success
In 2021 I am going to be providing you some great information every Monday morning so I would like to welcome any questions. If you have questions regarding GST, Jobkeeper, your employees, what your obligations are, basically anything, please DM them to me or email them through my website and I will attempt to provide answers for you in the following weeks’ video upload. Our… Read More »Monday Tips!!!
LETS TALK ABOUT TAX BABY…. LETS TALK ABOUT YOU AND ME…… LETS TALK ABOUT ALL THE GOOD THINGS AND THE BAD THINGS, THAT MAYBE…… LETS TALK ABOUT TAX… ( are you singing that in your head right now????) “Do you do tax???” It’s a question we get all the time. It occurred to me that small business owners might not know the difference between a… Read More »Tax Tax Baby!!
Did you know, super payments are only considered to be paid for the purpose of claiming a tax deduction once they have been received by the super fund, not the date the Small Business Superannuation Clearing House (SBSCH) accepts them? To ensure you can claim a deduction for the 2019–20 income year, you need to allow processing time for your super payments to be received… Read More »June 30 Looming!!! Want to claim your super??