About Me

Counting Together: The Benefit of Visiting an Accountant

Hello, my name is Paul. I live with my wife and child in Western Australia. While I love operating my small business, I do not love keeping the books in order. For a long time, I tried to do the accounts myself. I thought I was doing a pretty good job. However, when I got a call from the tax office saying they would like to conduct an audit, my heart skipped a beat. I was really worried they would find an error and that I would end up in serious trouble. My friend recommended an accountancy firm. I contacted them and they went over my books to make sure they were in good order. They also taught me some great bookkeeping skills. This blog is designed to help others avoid the mistakes I made.

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How First-Time Business Owners Should Create Their Initial Budget

Posted on March 8, 2017

If you've decided to branch out and set up in business on your own, you may have a solid idea as to how you're going to sell your products or services, but are only just starting to work out the details. One of the tasks ahead of you is the creation of a budget for the next financial year. This can be a daunting proposition for those who've never done it before, but it doesn't have to be overwhelming if you take a step-by-step approach. [Read More]

Why You Really Need to Outsource Your Bookkeeping as a Small Business Owner

Posted on February 24, 2017

When you run your own small business, you've often got to take everything on, especially in the early days. You've got to be the head cook and bottle washer, as the old saying goes, as you concentrate on growth and operation. Yet there are some tasks that you really should consider outsourcing, even from day one. Bookkeeping is one of these. Why is it important to get third-party help with this, in particular? [Read More]

How Can You Be Creative When It Comes to Your Home Loan Obligations?

Posted on February 23, 2017

Do you sometimes feel as if you have a stone around your neck when considering your home mortgage? Sometimes the very thought of those monthly repayments going on into perpetuity can be difficult to digest, but it shouldn't seem as if it's an insurmountable problem. There are ways that you can handle your mortgage payments and outstanding debt that could make you feel happy with yourself and less stressed. What should you be considering? [Read More]

Why You Should Never Set up Your Own Business until You've Done This

Posted on February 13, 2017

Many Australians are deciding to strike out on their own these days and set up their own business. They may have had a germ of an idea for some time, but for whatever reason, now is the time to take action. With enthusiasm comes excitement and usually the individual cannot wait to get started. Why is it a good idea to pause for a second and think? Making A Good Plan [Read More]