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Peter Smith's story
Posted on Monday 2nd April 2012
Peter Smith started his insulation business in his garage 10 years ago and his accounts were done at the kitchen table. Today the business occupies 8 commercial sheds throughout Brisbane, Gold Coast and Northern NSW. Eyes on Business has been part of Peter's journey over the past 10 years and a mutually rewarding relationship has evolved.
Read More10 Bookkeeping tips for small business
Posted on Monday 2nd April 2012
You should only spend 5-10% of your time working on your books. If your business earns more than $55 an hour, then stop doing your own bookkeeping and employ a professional.
Read More3 Common GST Mistakes
Posted on Monday 2nd April 2012
Do you recognise any of these common GST mistakes? 1. Buying an asset and coding it as an expense 2. Not assigning a GST code to an income/expense account 3. Not reconciling BAS back to your reports
Read More5 Questions to find the right version of accounting software for you
Posted on Monday 2nd April 2012
Choosing the right version of your accounting software can be a daunting task. Start by answering these 5 questions:
Read MoreNew tax breaks for small business
Posted on Monday 26th March 2012
Need a car? If you're in small business the Government thinks you do. Spreading some joy prior to the Federal Budget, Treasurer Wayne Swan has announced an immediate tax write-off for small business of the first $5,000 on the cost of a new car used for work purposes.
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