As with any industry, we get our fair share of questions. With so many other areas of business being easy to manage yourself, accounting tends to look quite daunting. Our best advice for new entrepreneurs who want to get started with a solid foundation is to work with your accountant. You don’t need to figure it out by trial and error on your own, this can lead to some expensive learning curves! Your accountant is there to work alongside you so that you understand your business’s finances and feel empowered to make the right decisions. Here are some of the most common questions we are asked.

Xero is much more than a piece of software your bookkeeper and accountant use to magically produce financial statements, tax returns and BAS. Many business owners see this powerful software as a glorified bookkeeper. Here is a deeper look at some of the cool features in Xero that will change the way you run your business.

You know the saying prior planning prevents poor performance? This applies to getting ready for tax time…and there is no time like the present. While we are in the thick of the tax season, you have a little breathing room to get organised and prepared for when your trusty accountant prepares your business or personal income tax returns. Here are five things you can do to make it easier for yourself and for your accountant:

Working with an accountant isn’t only a necessary business investment but can also be an easy one when the right systems are in place. Here’s the 5th installment in this series where we’ll talk about: how to make your accountant up to date with the latest technology, the what and why on secure client portals, the benefits of electronic signatures and how these work.

Getting accounting software isn’t always a priority for most business owners. Because at first look it may seem like an expense. But believe it or not, it can actually save you money in the long run. In this 4th of a series of 5 videos to help you reduce accounting costs, I’ll cover: how you can say goodbye to paper and hello to real-time accounting, how to reduce the back-and-forth with your accountant, my recommended accounting software and how one of them works especially on saving you time, and what you’ve been waiting for – tips to use it efficiently and how it can save you loads of money.

Cutting accounting fees is a concern of most business owners. It’s necessary to work with an accountant that you trust but it’s also important to keep expenses at a minimal and reasonable amount. That’s why in this video series, I help you tackle this natural worry in the head using simple and effective steps you can apply today. In this 3rd video, we’ll talk about: how to reduce accounting fees if you don’t prefer using an accounting software, what needs to be included in the summarised information you need to give your accountant, and the do’s and don’ts when making a summarised information to be ready in case of an audit.