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Stay on top of your small business accounts

Money Magazine December 21, 2015 Original Article Anthony O’Brien

After starting two small businesses, I’ve learnt from experience that maintaining the accounts is critical to staying afloat and keeping the tax office at bay. Mercifully, with the assistance of an experienced accountant and bookkeeper, along with online software packages, it’s possible to keep a neat set of books and even generate some decent cash flow.

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Keep your small business connected

Money magazine Original article 

Whether you’re launching an advertising agency, a real estate office or a lawn-mowing service, you’ll need to stay in contact with your customers – possibly around the clock – and there are myriad tablets and mobile phones to help you. The good news is that the recent budget has expanded the FBT (fringe benefits tax) exemption for work‑related portable electronic devices and increased the threshold for immediate tax deductions to $20,000.

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