What is the difference between a Bookkeeper and an Accountant?

Recently I was asked what’s the difference between bookkeeping and accounting? And was quite shocked that this person ( a relative of mine) didn’t know. While bookkeeping and accounting are both important aspects to the ongoing management of your business financials, there are some key differences. Bookkeeping focuses on recording and organising financial data in […]

What are the Top 5 Audit Triggers with the ATO?

While you or any business can be selected at random by the ATO for an in depth audit, often your conduct is the trigger! 1. Unpaid Superannuation – Not paying superannuation on time and in full for your employees is a sure-fire way to attract attention. Especially now that Single Touch Payroll is reporting direct […]