Construction Business? Talk to us about some accounting basics.

News Article: August 18, 2019 by Oaktree Accounting

Like any other business, if you’re starting a construction business it pays to do it properly. That means getting your accounts in order before you take on any work. But building projects can last for months or even years and you might be both an employer and a contractor. One of the most important things … Continue reading “Construction Business? Talk to us about some accounting basics.”

READ MORE...

How to prepare and lodge BAS online

News Article: July 24, 2019 by Oaktree Accounting

Each quarter, GST-registered small businesses submit a business activity statement (BAS) to the Australian Tax Office (ATO). The BAS will show how much GST was collected from customers, and how much GST was paid to suppliers. This lets the business work out their GST bill or refund, what tax needs to be withheld from payroll … Continue reading “How to prepare and lodge BAS online”

READ MORE...

Keeping your tax and expenses in check when you are self-employed

News Article: by Oaktree Accounting

Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to … Continue reading “Keeping your tax and expenses in check when you are self-employed”

READ MORE...

We keep up with tax news, so you don’t have to!

News Article: by Oaktree Accounting

The Australian Taxation Office (ATO) has recently announced some updates and changes which could be relevant for your small business. Changes to the instant asset write-off threshold The $20,000 instant asset write-off threshold has been extended to 30 June 2019. This means that a small business can immediately deduct the business portion of most assets … Continue reading “We keep up with tax news, so you don’t have to!”

READ MORE...

Your June quarter activity statement is due soon.

News Article: by Oaktree Accounting

Your June quarter activity statement is due soon. If you are lodging your own quarterly activity statement you need to lodge and pay by the 29th of July. If you lodge using our registered agent electronic services you will have until the 25th of August to lodge and pay. Make sure you have checked off … Continue reading “Your June quarter activity statement is due soon.”

READ MORE...

Move from Excel to accounting software

News Article: February 23, 2018 by dwaoaktree

Small businesses often start out using Excel – but that’s only doable up until a point. Like every teenager eventually becomes an adult, your business needs to evolve and grow. Find out why the smartest organisations are using online accounting software instead.   Why Excel isn’t a long-term solution Excel can do a large number … Continue reading “Move from Excel to accounting software”

READ MORE...

‘Great oaks from little acorns grow’