SMSF

How Does the Australian Government Support Startup Businesses?

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A group of seven diverse people are posing in an office setting with computers and plants visible on desks. Some are sitting in chairs, while others are standing. They are dressed in a mix of casual and formal attire, smiling and looking at the camera. The room is bright with large windows in the background.

In Australia’s economy, startups often inject innovation, dynamism, and fresh talent. Recognising their potential to redefine industries and contribute significantly to economic growth, the Australian Government offers a plethora of support avenues tailored specifically to foster these burgeoning enterprises. For Western Australian entrepreneurs, navigating government assistance can be a critical factor in their journey toward … Read more

How to Do Bookkeeping

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Close-up shot of a person in a striped shirt using a calculator on a desk. The person is holding a notebook and their finger is pressing the buttons on the calculator. Various documents with charts and graphs are scattered on the desk, along with a pen, a smartphone, and a pair of wireless earbuds.

Bookkeeping is an essential aspect of running any small business. It involves the systematic recording and organisation of financial transactions to ensure accurate financial reporting and compliance with taxation requirements. Effective bookkeeping provides a clear picture of your business’s financial health, helping you make informed decisions and plan for future growth. In this comprehensive guide, … Read more

Why Is Accounting Software Important?

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Two individuals are collaborating while reviewing financial graphs and charts displayed on a laptop. The screen shows various data visualisations including line graphs, bar charts, and pie charts.

In today’s fast-paced business landscape, implementing efficient accounting software is crucial for businesses aiming to thrive, particularly in Western Australia. The tools and efficiencies offered by contemporary accounting software transcend mere number crunching, providing organisations with invaluable insights and ease of operation. Let’s delve into why accounting software is indispensable in modern business practices. Enhancing … Read more

What Is Bookkeeping?

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A person in a yellow jacket using a white calculator on top of a large stack of documents. The desk is covered with various financial charts and graphs, colourful paper clips, and a notebook.

Bookkeeping is a cornerstone of any successful business, providing the financial clarity needed to make informed decisions and maintain compliance with Australian tax laws. Whether you are a small business owner in Perth or managing a larger enterprise across Western Australia, understanding the essence of bookkeeping can significantly impact your financial health and business success.  … Read more

How to Write a Simple Business Plan

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Starting a new business can be an exciting and daunting journey. As an entrepreneur, you may have a brilliant idea for a product or service, but without a well-structured plan, your business may fail to reach its full potential. A business plan is not only crucial for securing investors and funding, but it also serves … Read more

A Comprehensive Self-Managed Superannuation Fund (SMSF) Guide

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A Self-Managed Superannuation Fund (SMSF) is a superannuation fund regulated by the Australian Taxation Office (ATO), providing individuals the ability to manage their own superannuation investments within a legal and regulatory framework. SMSFs are typically preferred by individuals seeking greater control over their retirement savings compared to industry or retail superannuation funds. How Does an … Read more

SMSF Checklist: how to Set up an SMSF

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white background with checklist and red pen that has checked off boxes

An SMSF is a superannuation fund where the fund members are also the trustees, meaning the members have direct control over the management and investment of the fund’s assets.  The Australian Taxation Office (ATO) regulates SMSFs, and they must comply with the Superannuation Industry (Supervision) Act 1993. Individuals, companies, trusts, or partnerships can establish an … Read more

how to choose a Tradies Accountant

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When it comes to managing your finances, it pays to have a professional in your corner. A tradies accountant will help you stay on top of your expenses and maximise your deductions, making it possible to run a profitable business. They provide valuable insights into the financial health of your business, allowing you to identify … Read more

Understanding Your SMSF

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understanding SMSF

Managing one’s Super account is possible through a Self-Managed Super Fund or SMSF. Since managing SMSF is not taught in schools, there is a lot of confusion about what one can do or cannot do with their Super account. To save time and get expert advice, an SMSF accountant in Perth should be on your … Read more