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.
Eligible 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 MoreLooking to start a small business in Australia? Learn the introductory details about financial management, tax and legal business compliance, and how to keep your business safe.
Read MoreFeeling like you don’t have time to read this blog? Then this one is for you!
Today, I’m diving deep into time management and sharing with you my top 10 takeaways from both the Time Management Tools course and my own experience.
Read MoreLearn how to start a small business in Australia from identifying whether you are ready for business, right through to the beginning tax and legal implications.
Read MoreI am always looking for opportunities to recycle, reuse and revalue in my home and business. What started as a simple paper recycling process led me to pondering the value our employees hold and the importance of staff retention.
Read MoreHey Small Business Owners, you are worthy of CELEBRATION! The Small Business Matters report from the Australian Small Business and Family Enterprise Ombudsman has been released and it shows small business plays a huge role the progress of this country.
Read MoreMinimum wage and the minimum employee Superannuation Guarantee are increasing in Australia. If you or any other business owner you know is an employer, this information is important. Read on to find out more about the coming changes.
Read MoreGet ahead of tax season with our expert bookkeeping advice. In this post, we explain why it's crucial to get your bookkeeping up to date now, so your accountant can offer you sound tax planning advice later. We provide a tax planning checklist to help you ensure you're on the right track. Don't wait until after June 30th – consult with QiBalance Bookkeeping to avoid costly mistakes and save money. Read on to learn more.
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