Don Rankin

Are you a small business owner who feels overwhelmed by the complexities of bookkeeping and tax compliance? At Open Bookkeeping Australia, we understand that managing your finances can be a daunting task, especially when you have a business to run. Imagine a world where you don’t have to worry about missing BAS deadlines, making costly financial errors, or facing ATO penalties. Instead, you can focus on what truly matters – growing your business and serving your customers. With our affordable and professional bookkeeping services, you can have peace of mind knowing that your finances are in expert hands. We will ensure your records are accurate, your compliance is up to date, and your financial health is clear and actionable. Plus, we help you manage your cash flow effectively, ensuring you have the funds ready when it's time to lodge your BAS. Then, if you need help with lodging your EOFY taxes, we can help with that too. Don’t let the stress of bookkeeping and taxation hold you back. Join the many satisfied small business owners who trust Open Bookkeeping Australia to keep their finances in order. Contact us today! https://lnkd.in/g3T5JMyp

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If you employ people in your business, it’s essential to be aware of the changes to personal income tax thresholds from 31 July 2024 and understand how they impact your payroll processes.

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Does your business pay employment taxes? Discover how the ATO is cracking down on business’ employment tax record keeping and learn how you can prepare.

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 Are you a business owner in Melbourne who is looking to achieve financial success? Look no further, because the secret to unlocking your business's full potential lies in the hands of accountants. Learn more about this in the following article. https://lnkd.in/ga3HYE8w

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Are you making any of these accounting mistakes? We’ve outlined the top 5 accounting pitfalls that small business owners trip over, so you don’t have to make the same mistakes #businessadvice #SmallBusiness #accounting

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How can business advisers genuinely add value to a business (of any type)? Strategic advisers (like myself) are not mortgage brokers, accountants or bankers. We are experts in funding markets and funding opportunities. As a business owner, it's likely you don't have established relationships with banks and financial institutions. It makes really tricky to secure funding and capital - two mighty levers you can pull scale your business faster than anything else. They can catapult you towards your end goal of building substantial wealth, spending less time working and more time enjoying the life you genuinely want. Here's a few ways I can help. --- PS - I know how tough it can be engaging with financial institutions by yourself as a business owner. If you'd like to chat more about securing more capital to fund your aspirations - there's no harm in shooting me a message.

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Trusted by the best. Discover why firms around the world are choosing Active to drive efficiency and excellence.   *According to Australian Financial Review Top 100 Australian Accounting Firms as at 19 November 2024.   #top100accountingfirms

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Part of your business’s compliance with taxation laws requires lodging Business Activity Statements and Instalment Activity Sheets with the ATO. This process is made a lot easier with the assistance of our Accountants who are efficient, accurate and highly experienced with this kind of reporting.

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Your mindset determines your success. How successful are you? We’re in the business of financial transformation and our core purpose is to eradicate financial stress. We achieve that by combining our technical and accounting expertise with our dedicated and supportive team. If you need assistance with your accounts, contact Sarah on 0402 811 088 or book a complimentary meeting here. 👇 https://lnkd.in/g9_8V4Vn #bookkeeping #missefficiency #smallbusiness #technology #cloudaccounting #cloud #systems #businesssystems #success #businesssuccess #productivity #bookkeepingexperts #brisbanebookkeeping #workingmum #worklifebalance #xero #worksmarter #productivity #timemanagement

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🚀 𝐆𝐞𝐭 𝐀𝐡𝐞𝐚𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐞𝐰 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐘𝐞𝐚𝐫 𝐰𝐢𝐭𝐡 𝐓𝐡𝐞𝐬𝐞 𝐄𝐚𝐫𝐥𝐲 𝐀𝐜𝐭𝐢𝐨𝐧𝐬 🚀    It's a new financial year, and it's time to set your business up for success! Here's a checklist of key actions to take early on:    ✅ 𝐅𝐢𝐧𝐚𝐥𝐢𝐬𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐀𝐦𝐨𝐮𝐧𝐭𝐬 𝐭𝐨 𝐀𝐓𝐎 𝐨𝐟 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬: By 14/7, reconcile wages to the general ledger and send the final payroll of the financial year to the ATO under single touch payroll.  ✅ 𝐁𝐚𝐧𝐤 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧𝐬: Keep your financial records up to date with regular bank reconciliations.  ✅ 𝐁𝐚𝐜𝐤𝐮𝐩 𝐘𝐨𝐮𝐫 𝐃𝐚𝐭𝐚: If using desktop accounting software versions like QuickBooks or MYOB, make sure to back up your data regularly.  ✅ 𝐑𝐞𝐯𝐢𝐞𝐰 𝐃𝐞𝐛𝐭𝐬, 𝐂𝐫𝐞𝐝𝐢𝐭𝐬, 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲: Check debtors, creditors, and inventory. For write-offs, remember to add back GST.  ✅ 𝐒𝐮𝐩𝐞𝐫𝐚𝐧𝐧𝐮𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐀𝐘𝐆 𝐓𝐚𝐱𝐞𝐬: Pay superannuation to employees and ensure your liability accounts are clearing correctly. Do the same for PAYG wages tax.  ✅ 𝐀𝐧𝐧𝐮𝐚𝐥 𝐑𝐞𝐭𝐮𝐫𝐧𝐬: Complete your Return to Work SA annual return or your state's equivalent.  ✅ 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐚𝐭𝐬 𝐚𝐧𝐝 𝐒𝐭𝐨𝐜𝐤 𝐓𝐚𝐤𝐞: Review any cash floats and conduct a stock take if applicable.  ✅ 𝐁𝐚𝐥𝐚𝐧𝐜𝐞 𝐒𝐡𝐞𝐞𝐭 𝐂𝐡𝐞𝐜𝐤: If balance sheet balances look incorrect, speak to your accountant for a tidy up.  ✅ 𝐁𝐀𝐒 𝐑𝐞𝐭𝐮𝐫𝐧: Complete and submit your BAS return on time.  ✅ 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐑𝐞𝐯𝐢𝐞𝐰: Take the opportunity to review how you're managing your accounting processes.    📢 By taking these early actions, you'll stay on top of your finances and set a strong foundation for the new financial year. 💼💰    #FinancialYear #AccountingTips #FinancialManagement #BusinessGrowth #TaxAccountingAdelaide    ♻️ Repost to share with your network 

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If you went to the Xero Roadshows recently, you may have seen some this video I made. Accountants and bookkeepers have so much power to change the perception of the industries, just share your stories. The BIG wins, the heartbreaking losses and the forward growth from the ever-changing landscape. Want to make a change in the world... become an accountant!!! For me it is through Escape Room Albury, Business Edge Advisors to Seamlss, that you too can make a huge impact on those around you, just share the moments.

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Start your year right! Set clear, achievable goals for success. Whether it's business growth, financial health, or operational efficiency, defined goals keep you focused and motivated. Remember, goals should be specific, measurable, and time-bound for effective progress tracking.  https://lnkd.in/gqYV66Wt #ASAPSolutions #brisbanebusiness #australianbusiness #business #ndis #tax #accounting #ndisprovider #taxprofessional #accountingservices

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Are you a CA working in Audit? 📑🕘⌨️ Chartered Accountants Australia and New Zealand (CA ANZ) and the Association of Chartered Certified Accountants (ACCA) have released the Audit and technology playbook: A practitioner’s guide, a comprehensive guide aimed at helping audit professionals adapt to the rapidly advancing technological landscape. Find out more and download your copy: https://ow.ly/970T30sHCVX #CAANZ #DifferenceMakers

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