Privately Spending Company Money
Privately Spending Company Money – Why your Bookkeeper is hassling you and what are those DIV 7A loans? It’s your Company? Then why does your Bookkeeper hound you on spending on personal items from your company accounts. Please read on. The company that you have set up (your Pty Ltd) is a special structure and the […]
Trusting your Bookkeeper
“Trusting is Hard. Knowing who to trust, even HARDER.” Maria V. Snyder Every industry has its rogue traders. Those guys that just don’t do business right. Usually you might use their services once but highly likely you won’t be a long-term customer and go back there again. So how do you choose the correct business […]
The 3 Taxes you MUST to get your head around
What I have noticed in the past 4 years is that business people, and new start-ups especially are very confused about taxes. In particular, how much will they be paying and the biggest downfall, not including those figures in their cashflow and budgets. The topic of taxes cannot be fit into one simple manual. There […]
Support for Small to Medium Business – Economic Response to The Coronavirus
I had never imagined that in my lifetime I would see and suffer, along with the world, a nightmarish crisis on an alarming global scale. Our very dreams and freedom have been taken from us with the closure of our restaurants, clubs, gyms, casinos, sports all taking a major blow. I pray and hope […]
How to Sleep in on Sundays when you are a Small Business Owner
Who are you? You are unique, that’s who, but you are also a small business owner. One of the special ones in the 2 million plus small business that contribute to Australia’s diversity and independent way of life. Sunday, the first day of the week, but for most it feels like the last day in […]
The Dangers of Doing Your Books post Melbourne Cup
It’s the first Wednesday in November, anywhere in Australia. What are you doing that day? Are you counting your winnings from the Melbourne Cup? Perhaps you are sporting a wee hangover from the extended lunch you and your mates had up at the The Royal Hotel? Things got a bit out of hand when Davo […]
Pay as you Go (PAYG) Tax Bookkeeping Basics
PAYG Withholding Tax. We have all seen this right? On our payslips, taking away our hard earned cash! This is your contribution to society, you are the water flowing into the pond. iGrow explains the basics and how this tax is calculated so that you know you are paying the right amount. Registered Employers help […]
Goods & Services Tax Bookkeeping Basics
Income Tax, Payroll Tax, PAYG Tax, Land Tax and Goods and Services Tax all sticky strands in the web of business, iGrow just wants to make sure you stay on track and don’t land in the middle of the web and can’t get out. John Howard declared that he would “never, ever” bring in the […]
The Balance Sheet – Bookkeeping Basics
At iGrow we love gardens, we like to see things flourish, think of your business’ balance sheet in terms of this beautiful strawberry plant. ASSETS The pots, soil and the plants are the assets. Items required in your business to allow it to grow and bear fruit, things like cash, debtors and equipment, without these […]
5 mistakes small businesses make when doing their own bookkeeping
Picture this: your business is underway and all of a sudden you’re immersed into the highs and lows that come with a start-up. First things first, you’ve pinned down your priorities on the wall; Networking. Contacting prospective clients. Building rapport with existing clients. Check, check, check! However, resting silently on your desk with its devious gleam, is that […]
