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When it comes to preparing and lodging your income tax return, hiring a tax professional or tax agent is highly recommended. Although it may seem that you will save money by doing your own return, in most cases your accountant will have access to knowledge and systems that will actually save you money. Allowable Claims…

Having a bookkeeper that looks after your books efficiently will save your business time and money! A great bookkeeper will accurately track and report the cashflow of your firm. Many business owners try to do everything themselves - and may know very little about bookkeeping. Bookkeepers and accountants are experts in their field. By employing,…

When it comes to accounting and bookkeeping, payroll can be one of the more difficult and time-consuming tasks. Having accurate payroll records is necessary to meet business regulations - and keep employees happy. Failure to do this can result in penalties from the ATO and other government bodies, and loss of staff. Ensure that the…

With a little planning, bookkeeping can be made simple and stress free. As providers of accounting and bookkeeping services in Castle Hill, Parramatta and surrounding areas we recommend the following: Ensure Good Record Keeping Keep your receipts together and keep track of all your expenses. Have a manual or computerised filing system for your receipts,…

Accountants and bookkeepers both look after your financial information. There are many similarities, and some of the tasks overlap. Sometimes as in the case of Bassoon Accounts, the firm may even offer both services! Generally, bookkeepers are not degree certified while accountants are. Duties of Bookkeepers Bookkeepers are responsible for a number of tasks relating…