Bookkeeping

The holiday season is a time of joy, celebration, and, for many businesses, increased activity. As you prepare to wrap up the year and embark on a well-deserved break, it's crucial not to overlook the importance of year-end bookkeeping. This guide aims to help you navigate financial management and bookkeeping considerations during the festive period, ensuring a smooth transition into the new year!

Single Touch Payroll Phase 2 was designed to require businesses to report additional information to the ATO each time payrun is filed. Therefore, every business in Australia with staff members are required to comply with STP reporting requirements. Notably, the government has provided businesses utilising Xero payroll an extension to 31 March 2023 to report […]

When business owners think of essential strategies to run a more successful enterprise, bookkeeping can sometimes be missed off that list.

Let’s face it! Running a small business in this day and age is challenging. Hiring processes, taxes, payroll, and time tracking are just a few workflows business owners have to face. With so many moving parts to keep track of, it’s no wonder many small businesses find themselves struggling before they really get started! Not […]

It is common for business owners to do bookkeeping, but this is where most of them make mistakes. These mistakes might seem like no big deal, they can easily cost you a lot of effort, time, money, and even the business. If you have been thinking a lot about handling your books, then you don’t […]

When you think of record keeping you might just think of filing away a fuel receipt in a folder or attaching an invoice to a bill in your online accounting software. And yes, in a nutshell, record keeping is the action of documenting your required records for the ATO and compliance purposes. But if we […]

Accountants aren’t usually considered the most colourful of folk. The wallflower of the finance world, it’s easy to think we’re all number crunchers and spreadsheet lovers who let their hair down but once a year, sometime past June; who spend too much time face-to-face with your money and your paper work and not enough face-to-face […]

Some say Xero is revolutionising the accounting industry, others say it’s just beautiful; what do we think over here at Empire Accountants? Both of these things are 100% spot on! It is true that this product has changed the way we do business and if you get us started on how, we’ll probably bore you […]