Bookkeeping

Accessorial Liability: when to stay and when to run…

An accessory to a crime is a person who participates knowingly and voluntarily in the commission of a crime. An accessory can be categorised as before or after the fact (the commission of the crime).   They need not be actually present at the scene of the crime in order to be held liable.  Legalmatch.com In …

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Common GST Mistakes

GST Mistakes

When you’re completing your activity statements, it’s easy to make mistakes. It happens a lot and we see them first hand here at e-BAS Accounts. The main mistakes users make are in relation to tax codes. Users often use the wrong tax code when entering various transactions into their software. Here are some common transactions …

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Meal entertainment: when does GST apply?

The area of “meal entertainment” is an absolute minefield for accounting professionals like us. It can be very difficult to know when an expense incurred by a client relating to food or drink should be recorded with GST or not. Luckily there is a resource out there via the ATO that brings some clarity to …

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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!

Registered for GST? What you need to know about the Netflix Tax.

For some time now, larger IT companies have been charging GST to their Australian consumers. Examples of these are Google, Adobe and Linkedin. They are doing this because of a new law which began formally on 1 July 2017. This new law known colloquially as the “Netflix Tax”, requires all international companies with an annual GST turnover …

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12 Best Bookkeeping Tips (you’re welcome)

At this time of year we’re all thinking about Christmas and one of the best songs for the festive season is “The 12 Days of Christmas”. In keeping with this theme, this week we’re bringing you our 12 very best bookkeeping tips – it’s our gift to you! These tips will suit business owners at every …

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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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Want your bookkeeper to prepare & lodge your BAS? Better ask these 3 questions first!

So you have an awesome bookkeeper who keeps your business accounts super organised. S/he keeps on top of slow paying customers, reminds you to pay your bills, provides some pretty slick-looking reports and has those boring conversations with your accountant that you always avoid. Sounds like you’re onto a winner – good for you! Now …

Want your bookkeeper to prepare & lodge your BAS? Better ask these 3 questions first! Read More »

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