Archive for the 'Book Keeping' Category
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.
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
The ATO has announced that their record keeping software, e-Record, will not be available after 30 June 2010. Users will be required to replace e-Record with other software from 1 July 2010. Read the ATO announcement here.
We believe that Cashflow Manager 7 is a perfect replacement because it is easy to use and prepares accurate financial reports with minimal accounting knowledge. Click here to visit Cashflow Manager’s introduction for E-Record users.
Cashflow Manager is not available in stores and is only available directly from selected accounting firms and business organisations.
The recommended retail price is $249 but we are pleased to offer our clients a copy of the latest version of Cashflow Manager for $209. It comes with a 90 day money back guarantee.
To order Cashflow Manager for $209 please call the Joondalup Office on 9400 8400
Other versions of this software with payroll and rental property management modules are also available.
Cashflow Manager Gold is the complete package for small business owners wanting to keep excellent financial and GST records. It also lets you prepare computerised invoices, manage debtors, creditors and cashflow plus run your payroll and track inventory.
Most importantly, it is designed to help business owners with little or no accounting knowledge keep excellent business records.
It includes all of the the standard cashflow and invoicing modules found in Cashflow Manager 7 PLUS Wages Manager which manages payroll and end of year reporting.
The recommended retail price is $495 but we are pleased to offer our clients a copy of the latest version of Cashflow Manager for $475.
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.
