Whether you’re a small business located in and around Cockburn, Melville, Fremantle, Canning Vale, or South Perth, Australia,  we encourage you to focus on what you do best, and we’ll do the rest

With less than three weeks away before the second quarter Business Activity Statements [Q2 BAS] are due for lodgement, there’s not much time to get your bookwork organised

For small businesses in and around Cockburn, Melville, Fremantle, Canning Vale, and South Perth, we have a mobile book keeping service that can come to your office and do the work on-site, or we can take the paperwork away with us and complete your bookkeeping work in our offices

Either way, it’s not a good idea to leave your bookkeeping until the last minute and risk a fine from the ATO for a late lodgement Contact us today for more information

We’ve seen some terrible mistakes made by people who try to do their own books, or someone who’s not that proficient. There was a situation recently where a large retail chain collapsed after their bookkeeper helped herself to around $20million !! Wouldn’t you notice that sort of money missing?

Fortunately the company recovered most of the funds, though their cashflow was totally destroyed, they had over capitalised, and the missing $20million was just a further factor that led to their downfall.

Maybe the problem was more with the bookkeeper than the bookkeeping. Well, yes and no. What were the financial controllers and accountants doing when reviewing the figures?

On a smaller scale, bad bookkeeping can be like dining at a one of Fremantle’s finest restaurants, having a wonderful meal and waking up the next day with food poisoning. It’s not until the damage is done, that you discover the food poisoning.

We often come across business owners doing their own bookwork, or saving money by using “cheap” or inexperienced bookkeepers that may be family friends or relatives wanting to “do the right thing”. It’s not until we check the bookkeeping that we find some horrendous (but quite simple) errors that have occurred that can totally affect the cash flow of a small busines

When’s the last time you’ve had health check in the bookkeeping of your business? Contact us NOW for details

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

Stroll through any large shopping centre, 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.

Wham, Bham, thank you, ma’am, and it’s all over!

Get ‘em in, sit ‘em down, fill in a form, and click a button …. Gone!!

We get quite a few enquiries from individuals, on a salary, with little expenses that they can claim, so their tax return is very straight forward. We are not registered Tax Agents and cannot advise / lodge tax returns on their behalf.

Normally if you go to a shopping centre you’ll most likely find a registered tax agent – they’ll most likely set up a table at this time of year, and be sitting with their laptop waiting for the next customer to come along – costs about $100 and takes about 20 minutes, with about 3 or 4 weeks to get answer from ATO

Some of these tax agents only operate for a few months of the year, specifically to help individuals with their tax returns.

Small business owners may find that the service offered by these quick-fix-tax-return booths are not set up to handle your needs, and that’s where a mobile bookkeeping service such as ours can be of great benefit to you

As bookkeepers, we can help with any bookkeeping requirements you may have, so please feel free to contact us to discuss your bookkeeping setup

Before contacting the police, the Mint tried to reslove the situation and conduct the investigation themselves.

What transpired was quite bizzarre – apparently a simple case of processing errors and gold dissappearing on the books

Their “Accounting problems” were refering to errors made in the formulas that were being used to measure how much gold enters the Mint, the varying levels of purity, and how much gold goes out after being refined.

Canadian Government experts and officials found that there was also some gold lost during the refining process

What measures do you have in place in your Fremantle business to determine if there are any errors in your bookkeeping and accounting procedures, or whether you are actually losing money through theft?

By being ontop of your bookwork, you can have a chat with your accountant and make sure that you have the correct strategies in place to reduce your tax liabilities.

Failing to be prepared can be costly when you come to lodge your tax return after 30 june 2010

Often clients are devastated when they discover how much tax they have to pay because they didn’t get their bookwork upto date and plan for the FYE (financial year end). Leaving it until after 30 June is too late.

We are not tax agents or accounts, but our team of mobile Fremantle bookkeepers can certainly help you get your paperwork upto date so that you can at least have three quarters of the 2009/2010 financial year upto date and ready to visit your accountant before the end of June 2010

Business Activity Statements BAS are due on 2 march 2010 for businesses that report their GST obligations quarterly

With the Christmas holiday period over for many small businesses, it’s time to get all your paperwork together and get it to your bookkeeper or outsourced bookkeeping service- to report on the 2nd quarter (1 September to 31 December 2009) to get your BAS lodged on time.

Maybe the Australian Taxation Office (ATO) does have a heart, after all. Rather than asking for lodgements on 28 January, they automatically give everyone an extension to the BAS lodgements to 28 February. This is, of course, a Sunday. However, the next business day is not Monday, since it’s a public holiday in Western Australia. Thus the Q2 BAS is due on 2 Mrach 2010

However, don’t be fooled by their grace, because there is NO WAY that they’ll consider granting an extension after that date. So you need to ensure that you have your Business Activity Statement lodged by 2 Mrach 2010

If you are struggling with your bookkeeping and need help, if you do not have a bookkeeper, or are looking to outsource to a mobile bookkeeping service, then contact us now

You may use MYOB or Quickbooks accounting software – or even some other syatem for your bookwork. We can assist you with any challenges, or even just releave you of the burden of the book-keeping

Our bookkeeping Service has clients in and around Cockburn, Melville, Fremantle, Canning Vale, and South Perth, Western Australia. Contact us here for details

Apparently the book-keeper was falsifying invoices as she entered data into the accounting software as an account payable to a legitimate vendor.

The bookkeeping software system allowed the bookeeper to print the cheques in her own name, then she’d change the name on the cheque details recorded in the system

The prosecution also allege that she intercepted bank statements and destroyed copies of the cheques she wrote to herself so that no-one else could discover her book-keeping activities

Here are ten options to consider if you have failed to lodge your BAS for the reporting period 1 July 2009 – 30 September 2009:

Contact us (quickly) because we may be able to get an extension for your BAS

1) Bury your head in the sand and hope that the whole thing will go away

2) Have a panic attack and wonder what to do now you’ve missed the deadline

3) Shrug your shoulders and just accept the fact that you’ll be making a late lodgement of the BAS

4) Stay up all night sweating away trying to complete the BAS even though it’s going to be a late lodgement

5) Call the tax office (ATO) and tell them that your dog grabbed the BAS form and has buried it in the garden

6) Look through your pile of paperwork, because you remember seeing the Business Activity Statement somewhere, sometime whilst making a mental note that it had to be lodged by the end of October

7) Call your accountant and ask him / her what you should do next

8.) Do nothing, and just accept that fact that you’ll be fined for a late lodgment, and look forward to receiving fan mail from the ATO

9) Go to the fridge and grab a coldie, sit down and relax in frnt of the widescreen TV that Kev’s just help you buy

10) Contact us (quickly) because we may be able to get an extension for you, as well as getting all your documentation sorted out to help you ensure that you’re not going to be paying Kev07 more than you need, since he’s shown us all how good he is at spending all that money

A client contacted us yesterday asking us to supply them with MYOB Premier Enterprise for their franchise. It’s a “high-end” version of accounting plus – and comes with five single usr licences

This means that you can have five different users – in different locations, all access the one data file. It’s great for retail outlets – maybe a chain of shops linking back to head office.

The clients have a bookkeeper that’s going to come in and do their bookwork. What is surprising is the fact that the bookkeeper did not advise the client that they would need their own server – and possible an IT guy to come and help them get the system set-up.

Clients are looking for more than just a bookkeeper these days. Clients are looking for a bookkeeping service that will actually supply “customer service” – you know, the old fashioned type of service that was not just knowledge. It’s “service with a smile” service with “heart”.

If you want the “wham, bham, thank-you ma’am”, then there’s plenty of cowboy bookkeepers out there who’ll do the work for next to nothing, and more often give you no service, and heaps of headaches, a set of incorrect figures but at least you’ll have not paid much for your bookkeeping fees.