Accounting

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Understanding the Exchange of Contracts Process

A lot of real estate and legal jargon gets thrown around when buying a property. If you’re buying for the first time, it can be confusing and overwhelming. Have you heard your real estate agent mention the “exchange of contracts”? This is one of the most crucial steps in securing your new home. What is…

Retail Accounting and the Retail Method

You’re great at running your store: keeping customers happy, managing stock, and making sales. But when it comes to accounting, it’s a different story. One look at your financial reports, and you’re thinking, Why does this all look like a foreign language? If you’ve ever struggled with inventory numbers that don’t match, profit margins that…

STP Phase 2 Employer Guide: A Simple Explanation

STP Phase 2 has been in place for a while now, but are you fully across what it means for your business? Many employers have transitioned, but some are still catching up or are unsure if they’re meeting all the reporting obligations. While this phase of Single Touch Payroll (STP) will make your life easier…

What Is a Reserve Price? A Buyer’s Guide

When you’re gearing up for an auction, one number holds the power to seal the deal—the reserve price. What is a reserve price at auction? It’s the lowest amount a seller will accept for their property at auction. If bidding doesn’t hit this figure, the property won’t sell, and the seller can negotiate with interested…

Thinking of Being a Guarantor? It’s More Than Just a Signature

When dreams of owning a home, buying a new car, or starting a business hinge on securing a suitable loan, guarantors can play a pivotal role. But before you agree to become a guarantor, you must understand the full scope of what you’re signing up for. Taking on this role is about much more than…

Loans for Online Businesses Explained and Top Choices

Whether you’re a savvy online startup or a seasoned e-commerce seller, as a digital entrepreneur, you know that financial fuel is essential for your business to take off.  But cash isn’t always easy to come by! So we’ve got the lowdown on the top financing options tailored to online businesses like yours. What Is a…

Expert End Of Financial Year Tips

Whether you’re an Aussie business owner or an employee, you’re not likely to forget the end of financial year (EOFY) date!  It can bring a flurry of paperwork, stress over meeting tax deadlines, and the challenge of getting all your financial records up to scratch. That’s a lot of pressure, making sure everything is perfectly…

Understanding Fringe Benefits Tax and Novated Leases

Whether you’re an employee eyeing a new car or an employer striving to boost your team’s morale, understanding novated leases as a fringe benefit and the associated tax is crucial.  Why?  Because it can lead to significant financial advantages and benefits for both employees and employers. Let’s find out more about novated leases, calculating their…

Loans for a New Businesses – 5 Options

Are you ready to turn your business dream into reality, but a lack of funds is getting in the way?  We’re here to uncover five loans for a new business to help get your venture off the ground. We’ll discuss the pros and cons of each so you can make a financially savvy decision. 1.…

How To Finance an Investment Property: A Comprehensive Guide

Are you a first-time investor considering property investment for a steady income stream through rental yields? Or are you looking to expand your current property portfolio for long-term wealth growth? Whatever your motivation, property investment is an exciting arena to be in. However, choosing the right investment property financing option can be a challenge. This…