BankLink: The best accounting solution for small business clients

“The BankLink Service provides small business clients of Prouse Family Accountants with solutions to simplify the accounting process – letting small business owners spend less time on accounting and more time on their business (or with their family).”

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For a small monthly fee,  BankLink automates and streamlines your accounting by virtually eliminating manual data entry and the collection of receipts and bank statements.

You don’t have to spend hours doing your books with software (like MYOB or Quickbooks) that is often complex and expensive to use.

And, BankLink makes it easy for Prouse Family Accountants to send your business regular financial information so you can make well informed business decisions.

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Where does your business fit? ATO Small Business Benchmarks

ATO Small Business Benchmarks. Prouse Family Accountants. The Australian Tax Office recently announced that they will be keeping close tabs on the performance of small businesses and subcontractors. The ATO has released more than 70 industry benchmarks for a wide range of business activities.

The benchmarks look at small business performance (sales, turnover and profit) and the value of costs and inputs (materials, wages, tools etc) and produce a series of guidelines and formulas that help small business owners – and the tax office – measure their actual performance against the benchmarks.

The purpose of benchmarks

  • compare a business with others in the industry to assess performance
  • check that tax obligations are being met, in particular the recording of all cash transactions
  • work out if a business needs to adjust its record-keeping practices, and
  • assess whether the Tax Office is likely to select a business for an audit or review.
  • identify businesses that may be avoiding their tax obligations.

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Do you need small business advice?

Stressed businesswoman.The most recent MYOB Business Monitor found that some business owners have difficulty with marketing to attract new customers, access to affordable and reliable business advice and getting finance to grow their business.

The MYOB business survey found that getting affordable and reliable business advice was a difficulty for more than one in four Australian small businesses.

Newly established and businesses with fewer than 20 employees had the most difficulty.

We provide affordable taxation and business advice

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We recommend Cashflow Manager book keeping software

Prouse Family Accountants recommends Cashflow Manager book keeping software Cashflow Manager is a simple book keeping application for small and home based business owners.

Simply record your receipts & payments transactions in columns. Users don’t need to know anything about accounting and everything is right there on the screen for you to review. Each column has a ‘GST’ type that automatically calculates the GST & makes your BAS Statement a breeze.

It’s inexpensive and doesn’t require hours upon hours of intensive and expensive on-site training.

The program is so simple that it comes with a full, no questions asked 90 day money back guarantee so there is no risk in giving it a try.

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