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How long should I keep my tax records?

How long am I required to keep my tax records? What is the time limit to amend my tax return? Small Businesses – You are required to keep your records for five years from when the return was prepared.  And

Bookkeeping – Port Macquarie area – the importance of professional 
bookkeeping and accounting to small businesses.

How can the bookkeeping and accounting services of AccountsBiz Plus help your small business grow and be more profitable? Plan ahead for your business as bookkeeping and accounting will make it easier to forecast your business needs ahead and plan

Accounting & bookkeeping – Port Macquarie – benefits of hiring a professional bookkeeper

Benefits of hiring a professional bookkeeper With the extra burden of BAS (Business Activity Statements) on small business owners, demand for bookkeeping has grown enormously but there’s been an influx of inexperienced practitioners offering their services. The Federal Government responded

Accounting & bookkeeping – Port Macquarie – The importance of bookkeeping

According to CPA Australia, 32% of businesses fail due to financial mismanagement and out of failed businesses 12% have poor or no records/books. If you do not have the expertise, please do not hesitate to pay at least a bookkeeper to

The tax benefits of Self-Managed Superannuation Funds (SMSF)

SMSFs have a few great tax advantages worth thinking about.  One is a capital gains tax benefit.  Upon retiring with a public super your funds might need to be liquidated in order to pay the capital gains tax, but with

ATO hit list for Self-Managed Superannuation Funds (SMSF)

The ATO will be focusing on SMSF to ensure we’re all satisfying our tax obligations.  They’ve noticed an increase in reporting errors.  Their main focus will be on exempt pension income and non-arm’s length transactions.  The ATO would like to:

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