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The Pros & Cons of Outsourced Bookkeeping Services

outsourced bookkeeping

Outsourced bookkeeping, payroll and office administration services are fast becoming a popular solution for small businesses. Large corporations have enjoyed outsourced business services and now smaller businesses are starting to take advantage of these services too.

With remote access and an Australian based bookkeeping team at hand, business owners have access to a team of knowledgeable experts working to help their business run more efficiently, grow faster, and make more money. In addition, local outsourced business and bookkeeping services come with lower risks and significant cost savings versus hiring an internal bookkeeper.

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12 Must Know Bookkeeping Tips for Businesses

bookkeeping tips

As a business owner, you have a lot on your plate. From managing your day-to-day business operations, working with customers, marketing strategies, networking and keeping everything running smoothly. 

Managing your books, staying in control of your finances and making sure your business is compliant is vital for long term success. 

So, before you spend another late night reviewing spreadsheets, here are 12 essential bookkeeping tips every business should know.

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10 things to know this tax time!

10 things to know this tax time!

Tax time is here and the ATO have developed a list of important things you need to know this year.

Please read the following link for more information:

https://www.ato.gov.au/Tax-professionals/Newsroom/Income-tax/10-things-to-know-this-tax-time/

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Are you STP Ready?

Are you STP Ready?

Single Touch Payroll (STP) is a new way of reporting tax and super information to the ATO.

Large employers with 20 or more employees should already be reporting through STP or have applied to the ATO for a later start date than 1st July 2018. The parliament has passed legislation to extend STP to include all employers from 1 July 2019 for employers with 5-19 employees (small employers). 

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Our new Online Client Resources are here!

Our new Online Client Resources are here!

At Key Administration Solutions we understand that it can be confusing with all of the different files and documents that may be needed in keeping track of your business accounts or payroll.  With the launch of our new website we now have the capability to host informative and helpful documents behind a login that you can easily download as one of our respected clients.

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Businesses need more than an accounting package

Businesses need more than an accounting package

More and more businesses are moving towards add-on job management programs to improve work flow efficiency and reduce the need for additional excel reporting, double handling and time consuming paper based systems.

There are a number of new softwares appearing in the marketplace such as Fleetmatics, Simpro, Tradify and ServiceM8.

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Single Touch Payroll and how it affects you

Single Touch Payroll and how it affects you

Single Touch Payroll will become mandatory on July 1st this year for employers with a head count of 20 or more staff including casuals on 1st April 2018.

It becomes mandatory for all other businesses on July 1 2019.

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