Fremantle Bookkeeping Services

Is your paperwork in order, have you got your bookkeeping up to date ready for the BAS due on 28 February 2012? Read more… »

While some business owners believe they can save money on bookkeeping by doing it themselves, or employing inexpereinced staff, they often fail to understand that bad bookeeping can destroy your Fremantle business Read more… »

Recently a number of clients have contacted our bookkeeping service about outsoourcing a bookkeeper for their business Read more… »

July and August are busy months for many registered tax agents in and around Fremantle – 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 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

A few months ago the Royal Canadian Mint were chasing around $15million worth of gold – was it a simple accounting mistake or theft?

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?

Don’t leave your bookkeeping until it’s too late! With end of financial year for 2009 – 2010 fast approaching, it’s a good idea to get your bookkeeping upto date.

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

As a small business owner in and around Fremantle, there’s many reasons why you should get your bookkeeping upto date before the end of the financial year on 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

Happy whatever day, Australia

Australians love an excuse for a public holiday.

And if it falls on a Tuesday, then there’s little option but to take Monday off, and make it a long weekend!!

Enjoy yourselves, have a good time, relax, and get on with living in Australia

Thanks, girls, whoever you are. And thanks to the photographer, where ever you are – Happy Australia Day

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

A bookkeeper in Chicago, US has been accused of stealing more than US$500,000 from a spring manufacturing company

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