Stay on top of your bookkeeping and tax planning with our expert advice and insights. Our blog covers everything you need to know about managing your finances in Australia, from industry updates to tips and tricks for maximizing your deductions. Whether you're a small business owner or an individual taxpayer, we've got you covered.
‘Offsetting’ occurs when the Australian Taxation Office (ATO) takes a credit from one tax account and applies it as payment for a charge on another account. These charges could be tax liabilities or debts with other government agencies.
Read MoreThe Wellbeing Action Tool [link] is a practical, user-friendly guide to improving mental health by focusing on what works best for you. Developed, with community input, by Beyond Blue, the Wellbeing Action Tool highlights the value of small, meaningful actions to transform everyday life. The tool encourages users to reflect on their strengths and take actionable steps to build a personalised plan for wellbeing.
Read MoreHeld this year at Optus Stadium, Perth Xero Summer Series puts a twist on the typical conference experience, inviting four industry experts to talk to attending accountants and bookkeepers on topics designed to provoke thought and encourage personal growth.
Read MoreCybercrime poses a serious financial, security, operational and reputational threat to Australian businesses. Reducing risk by implementing strategies to improve systems security remains the best way for organisations to protect themselves. Being aware of risks and planning what to do in case of an emergency are also important steps for businesses to implement.
Read MoreWhat is Superannuation and what are the upcoming Payday Super changes employers need to know about?
Read MoreMyGovID has transitioned to myID. While the app’s name and appearance are new, its functionality and security remain the same. Discover what’s stayed consistent, how to avoid scams during this transition, and where to find more information.
Read MoreLearn about Fair Work requirements, including pay, conditions, enterprise agreements, and bargaining. Discover new resources from the Fair Work Commission (FWC) and Ombudsman to help employers and employees navigate workplace laws confidently.
Read MoreAs QiBalance Bookkeeping wraps up a busy 2024, we wish everyone a joyful and relaxing holiday break. Our office will close on December 24 at 5:00 PM and reopen on January 6 at 9:00 AM. During this time, we encourage you to reflect on the past year and start planning for a successful 2025 - we're here to help with budgets and bookkeeping when you’re ready!
Read MorePlan your festive season with confidence. Learn about tax rules for business parties, gifts, and Fringe Benefits Tax exemptions to ensure compliance while celebrating.
Read MoreStay ahead of workplace changes with the Small Business Peak Program, brought to you by COSBOA and funded by the Australian Government. This program provides small business employers with plain English resources, downloadable toolkits, and step-by-step guides to navigate industrial relations changes like wage updates, casual employment laws, and superannuation requirements. Simplify compliance and access free, instant information to make managing your workplace easier.
Read MoreEligible small businesses can take advantage of the Instant Asset Write-Off (IAWO) for 2024, allowing full deductions on assets under $20,000. QiBalance Bookkeeping ensures accurate record-keeping and tracks eligible purchases to maximise your tax benefits. Learn how IAWO can provide immediate tax relief and optimise your business outcomes.
Read MoreDid you know 43% of small businesses didn’t turn a profit last year? With rising operational costs, resilience is essential for sustainability. Our latest blog covers essential financial strategies to help your business stay strong, from managing cost increases to mastering your breakeven point. Whether you’re a startup or established, these insights could make all the difference.
Read MoreSource documents – receipts, invoices, credit notes, bank statements, remittance advice, loan documents, insurance payment schedules and so on – are a central component of accurate bookkeeping.
Read MoreThe Australian Taxation Office (ATO) has observed an increase in scams that target individuals’ Personally Identifiable Information (PII). Learn how to protect your Personally Identifiable Information (PII), get essential tips on identifying and avoiding scams, and discover how QiBalance Bookkeeping can help you safeguard your data.
Read MoreIf you employ in Australia, and your total wages paid or payable is over a certain threshold, you may be required to pay payroll tax. Find out how much your business might be liable in this blog post.
Read MoreIf you are an employer or plan to employ in future, the ‘right to disconnect’ is something that could impact you. Find out your rights and obligations under this new legislation.
Read MoreMaintaining accurate and complete records is important for the success and sustainability of your business. Proper record keeping practices are not only essential for compliance but also serve as the backbone of informed decision making and financial stability.
Read MoreRecruitment can be a challenging process, but knowing yourself, understanding what you want, and being clear about the outcome can lead to successful hiring and a harmonious work environment. Celebrate yourself and your achievements along the way, as they are the milestones that mark your journey.
Read MoreMany small business owners find the new year a motivating time filled with goal setting, vision making, and all the best laid intentions.
And once the routine of business and life is back in effect, those goals and visions often seem hard to reach.
Here’s a comprehensive guide to help business owners establish meaningful financial goals and strategies for the new year.
Read MoreIn an effort to close the gender pay gap, increase women's workforce participation, and provide families with more flexibility during their children's formative years, the Paid Parental Leave (PPL) system will be increased from 18 weeks to 26 weeks over the course of the next four years.
Read More
Each month we share business, bookkeeping and QiBalance updates. Join the mailing list here to stay in the loop.
hello@qibalance.com.au
Our Books are currently filled, but please join our waitlist to work with us soon.
Join Waitlist
