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Accounting 101: Cost Of Goods Sold (COGS)

Cost Of Goods Sold (COGS) refers to the cost of producing an item or service sold by a business. Here's why knowing your COGS is important.
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STP Phase 2 starts January 2022

Single Touch Payroll (STP) Phase 2 reporting starts 1 January 2022; learn what it means for employers.
financial stream of consciousness

Your Financial Literacy

Accurate financial reporting is key to understanding the true position of your business in order to make informed decisions.

Top tips to get your books in shape for year-end

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The financial year-end can be a stressful time for small businesses that don’t have their bookkeeping in order. But it doesn’t have to be.
Federal Audio Brisbane

Online bookkeeping change saves time… and trees

Apart from saving reams of paper, Cris has also experienced the time saving of not having to block his time out each quarter to prepare the paperwork for us. Read how.
cash flow

Know your boosts inside and out

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If you've received a cash flow boost, you may be wondering if the amounts you've received affect your income or deductions this tax time. Here are the 4 essentials to know when lodging your tax return.
Extension of the JobKeeper payment2020. Notch Above Bookkeeping

JobKeeper 2.0

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For businesses to remain eligible for JobKeeper 2.0, your business turnover does get retested each quarter and needs to still show a reduction.
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JobKeeper – Waiting on Release of Further Details

As you probably are aware the Bill has been passed but as yet we do not have any further details. We believe this information will be released shortly and as soon as we know more can let you know.

Fundraising isn’t the end-goal

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Should a business bootstrap or raise external financing? There is a time and place for either strategy, but what we've noticed is that startups tend to fixate on the latter.