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We received an email, apparently from the ATO, advising us that we had a Tax Refund due.

The amount was for AUD$210.75. Nothing strange about that, except for the spelling and the grammar.

They ask you to click a link that takes you to a website [ wv.us ] not anything to do with [ ato.gov.au ]

DON’T CLICK ON THE LINK – who knows what may happen – it could result in a little piece of software that invades your computer and extracts your usernames and pass words

It’s probably going to ask you for all your credit card details, so that the fraudsters in question can then go on a spending spree in London!

Not since Kevin Rudd organised for us to have a cheques sent out from the ATO have we had a tax refund.

And, thank you Mr Rudd, because the cheques arrived a couple of days after the ATO sent us a request for us to pay more tax – so much for the “Stimulus Package” – a waste of money, a publicity stunt – and a wonderful inheritance for the yournger generation of this fine nation.

July and August are busy months for many bookkeepers and registered tax agents around Doncaster and Ringwood– as individuals hurry to lodge their income tax returns in the hope that they’ve been paying too much PAYG tax and hope to get a tax refund.

This time of year brings many enquiries for our bookkeeping service. The main questions are, for a basic Tax Return: “How Long, and How Much Fees?”

Stroll through any large shopping centre in Melbourne Inner Suburbs, and you’ll see that centre management have rented out the floor space in the middle of the mall to tax agents who’ve set themselves up like a fast-food outfit. [Read more →]

Sounds like a simple and obvious bookkeeping tip: Don’t pay an invoice twice.

Most times you’ve probably paid an invoice twice simply because you are in a hurry, see an overude notice or glance quickly at a statement that you’ve just received, and you panic, right?

Then when you set aside a few minutes to catch up on your bookkeeping, how bad do you feel when you’ve realised that you’ve paid a supplier’s invoice twice?

For professional bookkeeping help or to hire a bookkeeper, contact our Pascoe Vale South, Coburg North, Keilor East, North Essendon, Inner Northern Suburbs book-keepers today

9 tips to avoid paying the same invoice twice

It’s easy to make some basic bookkeeping errors in the course of your business day. Whether you’re based in Pascoe Vale South, Coburg North, Keilor East, North Essendon, Inner Northern Suburbs of Melbourne, Australia, good bookkeeping is an important part of your business.

Here’s nine tips to ensure that you and / or your bookkeeper never pay the same invoice twice: [Read more →]

It’s hard to comprehend how those people that have survived the Victorian Bushfires can be feeling.

Having personally experienced the ravages of a bushfire, you can be certain that the speed at which flames can travel is unbelievable. A combination of high ambient temperatures, drought, and strong winds that can change direction without warning, it’s not a situation that anyone would want to personally experience.

What’s so amazing is the response from so many “average” Aussies, from all over the nation, and all over the world. The fact that even in what are already tough times for many riding through an economic storm, so many Aussies have made donations to the Red Cross , realising how well off they are compared to those bushfire victims that have endured such heavy losses.

Our prayers, thoughts, empathy, and donations go out to all those that have been affected.

You can still make donations to the Red Cross here: https://www.redcross.org.au/Donations/onlineDonations.asp

Congratulations to all those Australians honoured for Australia Day

We salute all those that make enormous contributions to the country in their own small way, but because they are not well known sports people, musicians or film stars nobody seems to want to honour them.

[would the Australia Day honours be political?]

Without Australia’s anonymous heroes this nation would not be what it is today!

This year Australia Day falls on a Monday, so the nation gets a long weekend!

There’s a certain sector of the community with a big chip on their shoulders, who do not seem to want to move on with their lives, and want to call an event that happened over 200 years ago “Invasion Day”

Well, that’s fine, if it makes you feel better. However, why not join your fellow countrymen, who’ve realised that you can’t change the past, and instead take a more positive approach? Get over it, and move forward. On the one hand you want integration, and on the other you want to promote discrimination.

Happy “Australia Day” Australia! Let’s just party!

Perhaps with all the best intentions, our financial planning client was having a go at doing their own bookkeeping.

When a financial planner contacts a bookkeeping service because they are eighteen months behind in the paperwork, there’s a touch of irony.

It’s like the sparkie who still hasn’t wired up some extra powerpoints in his house though his wife’s been nagging him for three months

Or the accountant who has not lodged their own tax return for a couple of years

Business owners can get so caught up in the busy-ness of every day activities that they can never seem to find time to work on their business.

Even financial planners need the help of freelance bookkeepers to help them with the genera bookkeeping duties such as entering customer and supplier invoices, entering receipts, and calculating fuel expenses etc

Unless you’re passionate about bookeeping, you’ll always find excuses for putting it off.

As a bookkeeping service covering Pascoe Vale South, Coburg North, Keilor East, North Essendon, Inner Northern Suburbs of Melbourne, we are often called up to tidy up the mess that has accumulated over the past few months. Contact us for details[Read more →]

Use an efficient and simplified system to keep your book keeping in order, your books upto date and produce reports so that you have an accurate and current record of where your business is each week.

Do you know that saying:”A Little Knowledge is a Dangerous Thing”? When applied to an accounting software package like Quickbooks or MYOB, it can become costly.

Many clients around Pascoe Vale South, Coburg North, Keilor East, North Essendon, Inner Northern Suburbs of Melbourne have contacted our professional bookkeeping service after having difficulties keeping on top of their bookkeeping. Contact us for more details

They’ve been shown just enough to be able to enter data and produce reports. However the reports that are generated are not a true reflection of their business.
[Read more →]

The Rudd Government recently announced that it’s found a way to help small business owners.

Australian Government Reducing December Quarter PAYG by 20%

In an attempt to weather the global financial crises, The Australian Government is reducing by 20% the quarterly PAYG (Pay As You Go) instalment due for the December 2008 Quarter. If you make monthly payments, the PAYG is due on 21 January 2009, while most small businesses that report quarterly, this instalment is due on 28 February 2009

However, the information released by the ATO then adds a comment. Note that as the date falls on a long weekend in some states, the lodgement and payment deadline has been extended to 3 March 2009 Australia Wide)

You may have already received a letter from the Australian Taxation Office in relation to the December quarter PAYG reduction. Just be aware that it’s not a tax cut and it will all be adjusted at the end of the financial year

PS We are not registered Tax Agents and cannot give advise in such matters – Speak to you accountant to see how it affects you

PPS Is Kevin Rudd the new face of the Nestle’s “Milky Bar”?

In a tight economy you need to ensure that you have a handle on what money you owe and to whom, and what money is owed to you and by whom.

If you do not use an accounting software package such as Quickbooks or MYOB, if you do not have a bookkeeper, or book-keeping system in place then you could be heading for disaster

Just remember, unlike Kevin Rudd’s government, you do not have an unlimited supply of cash, so as a small business owner around Pascoe Vale South, Coburg North, Keilor East, North Essendon, Inner Northern Suburbs of Melbourne you need to ensure that you have a handle on your cashflow. If you do not have a bookkeeper, or book-keeping system in place then Contact us here for details

[Read more →]

There’s an increasing demand for capable bookkeepers and bookkeeping services in the Monnee Valley area of Melbourne.

We have a team of bookkeepers to service that area, based in Pascoe Vale South, servcing business owners in Airport West, Essendon and suburbs in between

With the recent launch of the adopted Moonee Valley Economic Development Strategy, “Energise.Connect.Prosper”, Moonee ValleyCouncil has made strong commitment towards commencing programs to support small business.

Over the next 12 months, Council will be [Read more →]