Category Archives: In My Honest Opinion (IMHO)

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[Blog Series] How we use Jetpack Workflow: Part 4: What we think needs to be improved

So far in this blog series we have covered our reasons for moving to Jetpack Workflow (JW), an overview of the features we use and the software integrations we have set up and how they relate to our workflow. In part 4 of this series we will look at various features that we believe require […]

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Netflix Tax – A Bookkeeper’s View (from the Trenches)

My last blog was all about the new “Netflix Tax” and was really just an informational blog outlining what, how and when etc. In this blog, I want to look at the tax from a bookkeeper’s perspective and provide a real “from the trenches” viewpoint. All is not what it seems with the Netflix Tax!

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Goody Two-Shoes

Recently I was asked by a client to put a hold on the payment of his employee’s SGC (super guarantee contribution) due to an ongoing dispute between them. I of course, refused to do this because it is illegal to hold SGC payments and/or not pay them at all. Did I do this because I’m […]

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What you need to know about Single Touch Payroll

The Government are starting to push through some rather drastic measures in regards to how small business reports to the Australian Tax Office (ATO). In my last blog, I wrote about one of those new measures, Simpler BAS – a new way to report GST for SME’s. In today’s blog, I will introduce another new […]

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Simpler BAS – simpler in name only?

The ATO has recognised that there are too many labels to complete on the BAS – you can see just how many if you check out my blog series on BAS Labels – way too many! So, to make things easier for small business, a new “simpler BAS” will be introduced from 1 July 2017. […]

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Can you cash out your annual leave? Yes you can!

A recent reform via the Fair Work Commission has seen a major change to the way cashing out of annual leave is treated. For those who don’t know, “cashing-out” means an employee can receive their annual leave as a lump sum payment whilst still working i.e. instead of taking time off work. So how does […]

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$20K instant asset write-off – be careful!

The 2016 Budget has seen the Government extend the $20K Instant Asset Write-off ($20K IAW) to businesses with a $10 million or less gross turnover from 1st July 2016 (because apparently having a $10M turnover makes you a small business now – what the?). Well that’s nice and all, but in my opinion, this initiative […]

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It’s War!

This week’s blog is a bit left of centre. Due to the recent events in Paris, France,  I feel sitting down to write about bookkeeping topics somehow seems lame, even disrespectful. So, instead, I’m going to write about war. I’m going to say some stuff that will probably make your hair stand on end but […]

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Has bookkeeping become over-automated?

This week’s blog is another in our IMHO series and is about an issue I believe has the potential to become a big problem in the bookkeeping world. YOU: So what is this issue? Well, lately I’ve started to think that perhaps all of this automation currently occurring within our client’s online bookkeeping files is […]

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Single Ledger, looking for love!

The Personals Single ledger, looking for love, attention and companionship. See bio below: PS, I also like Pina Coladas and gettin’ caught in the rain 😉 Apply here if interested: Xero

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