Frequently Asked Questions

I’m a bit behind in my BAS and tax. Can you help me get to date?

Absolutely I can, and I assure you that you are not alone – in fact I do this all the time. I know how busy life can get sometimes and sometimes compliance isn’t your number one priority but I can help get you up to date and then keep you up to date so you don’t have to worry about that anymore.

Can you help me with my bookkeeping too?

Absolutely! If I do your tax returns I am more than happy to help you with your bookkeeping too.

There are so many accounting systems out there how do I know which one is best for me?

You know what? It’s tricky.

There’s really no easy answer here other than to either get professional advice from consultants such as myself or try different systems and see which one you ‘like’ best. The later option has merit as depending on the complexity of your business it may not really matter however if you have a few ‘must haves’ or have a complex business it’s always best to get professional advice.

I strongly urge you not to listen to the hype from the software providers. Sounds obvious but I see all too often where people get sucked into buying a product because of marketing but it doesn’t do what they really need it to do.

MYOB or Xero?

The truth is that they are 2 completely different products suitable for different businesses.

The secret is to know what you need and want from your software. Some key questions you need to ask yourself are –

  • do you need inventory functionality and if so to what extent?

  • do you have an industry specific software or CRM system you would like to link to your accounting software?

  • do you employ staff and what are your payroll requirements?

It’s definitely not a simple out of the box answer and whatever you do please don’t use the old ‘phone a friend’ to make that decision for you, unless that friend is in the same business as you.

When is superannuation due?

Superannuation payments are due on the 28th of the month following the end of a quarter. e.g. for the January-March quarter superannuation payments are due by no later than the 28th April.

If you are a small business then you are entitled to use the ATO’s Superannuation Small Business Clearing House or you use an accounting product such as MYOB or Xero they have the facility for transmitting superannuation payments directly from within the software – no fuss, no stress.

If you would like help setting up that please feel free to contact me.

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