Luke Wade

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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Uncover the hidden treasure of unclaimed GST with a Xero deep dive! 🕵️‍♂️ Don't miss out on potential savings for your business, pay attention to the details!   #Xero #GST #businessowner #attentiontodetail #bookkeeping

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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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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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Away this week with 15 practice owners, talking all things scaling, pricing, advisory and more. Sharing what works, sharing what doesn't Sometimes we agree on things, sometimes we don't The one thing we all agree on is Xero is king of the cloud accounting offerings So much so Aaron Patrick has chucked his QBO trainers in some cow pat Quick books.... more like sh*t books 😆😆😆 #Cloud #accounts #cloud10

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If you're looking to get more insights from your accounts or you want your bookkeeping processes to work smarter not harder, the best place to start is in the app store for your chosen accountancy software. Let's take a look at the Xero App store. There's a search bar to simply type what you might be looking for, but there are also menus to search by functionality or industry. If you aren't sure what type of app could help you, get in touch and we'll share our recommendations. #Accountant #Technology #Apps

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Happy Saturday. Thursday marked the launch of a bold and invigorating marketing campaign by Chartered Accountants Australia and New Zealand, titled ‘Make Epic Things Happen’. ‘The Accountants’ trailer has been playing before the highly anticipated blockbuster, Deadpool & Wolverine in a large number of cinemas around Australia and New Zealand, supported by social media and digital advertising and there's also a dedicated webpage MakeEpicThingsHappen.com. It’s already sparking vibrant conversations and earning applause across social platforms within our accounting community! In the face of a significant talent crunch, with fewer young individuals drawn to careers in accounting, I do hope this campaign resonates deeply with those of us who value our profession. Despite these challenges, many of us cherish the paths we’ve chosen. For me personally, accounting has been more than a career - it's been a gateway to countless opportunities and remarkable experiences with so many more to still come. This year holds particular significance for me as I celebrate 25 years as a business owner and 28 years as a proud Chartered Accountant. Additionally, my involvement with several CA ANZ and ATO committees and working groups is a way of giving back to the profession that has enriched both my life and my family’s. It's a privilege to contribute to shaping the future of accounting, ensuring it continues to offer abundant opportunities for the next generation. I'd love to hear from you - would you choose accounting again? What are some of the EPIC things you’ve achieved or experienced thanks to your career in accounting? Let’s unite and inspire each other with our stories. Your journey might just be the catalyst that encourages more young individuals to embark on this rewarding path. I am also deeply passionate about ensuring that we do not lose our incredible accountants and owners of small and solo practices. With all that has happened in recent years (and recent weeks), it's crucial to remember the EPIC beginnings and the potential to reignite that passion. Share your story and let’s remind each other why what we do is not just a job, but a calling to make epic things happen! https://lnkd.in/gxEN3MBP

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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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Some great tools are being added to Xero recently to help accountants know where their clients are at with their record keeping If this isn't something you know your accountant is looking at for your business you need to make a change Accountants who care have their finger on the pulse on where you're at with your records and are best positioned to support #betteraccounting #speaktoshapes #experts ps This is one of many reasons all our clients use Xero

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Recently, CPA Australia, Chartered Accountants Australia and New Zealand, Australian Bookkeepers Association, the Financial Advice Association Australia (FAAA), the Institute of Public Accountants, The Institute of Certified Bookkeepers, the National Tax and Accountants'​ Association - NTAA, The Institute of Financial Professionals Australia, the SMSF Association, Stockbrokers and Investment Advisers Association and The Tax Institute (together, the Joint Bodies) provided comment on the proposed amendments to the Code of Professional Conduct (the Code) contained in the Tax Agent Services Act 2009. A summary of our comments is provided here, however, you can read the full details, including the Bodies' recommendations, in the document provided below.  ⚫ The amendments greatly improve sections 45 (keeping clients informed) and 20 (activities undertaken for government) by making them more targeted and closely aligned to the policy intent of those provisions. The Joint Bodies welcome these amendments and appreciate the government listening to and actioning our concerns in relation to these provisions. ⚫ In section 25 (maintaining confidentiality in dealings with government confidential information), a distinction needs to be drawn between activities undertaken “for" government and broader activities undertaken by tax practitioners. Replacing “working with the agency” with “working for the agency” will align it with section 20 and appropriately limit its operation. ⚫ The proposed amendments to section 15 (false or misleading statements) are an improvement to the original section 15 of the Determination, however, it does not meet what was agreed in the negotiated agreement of 10 September 2024. Additional requirements have been added that were not agreed to, which dilutes the meaning of substantial harm and further amendments are required to meet what was agreed. ⚫ Whilst the members of the Joint Bodies would prefer the removal of the “dob-in” provisions, the government has been steadfast that removal is not an option. An improvement was negotiated to raise the threshold at which the dob-in provisions become operative, using concepts from the non-compliance with laws and regulations (NOCLAR) requirements of the Accounting Professional and Ethical Standards (APES), with which many tax practitioners are familiar. #TheTaxInstitute #TTI #tax #thehomeoftax #jointhetaxconversation #TaxPolicyandAdvocacy #submission #TASA

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Another Happy Tax Planning Participant 😍 One of our recent course purchasers shared their first experience with our tax planning system. They were initially hoping to get just one client to accept their tax planning offer. To their delight, two clients signed up! Both are sole traders with incomes less than $100,000, proving that this service is valuable to a wide range of clients. They followed a simple suggestion from our program and saw immediate results. You never know who will benefit from your offer until you put it out there! It’s not too late to purchase our course and resources to roll out a 2024 tax planning service to your SME clients. Take the leap and see the difference it can make - head to https://lnkd.in/gRQumxAH to sign up! #TaxPlanning #SME #ClientSuccess #Accounting #SmallBusiness

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“When small business is beautiful business.” That’s the motto of Xero and the software really does make doing business beautiful. Xero is for accounting, what Google is for search engines. From paying your team to better control of your cash flow, to focusing on the future, Xero is online accounting software that lets you do beautiful business. . We’re proud to be a 100% cloud practice with all our clients enjoying the benefits of Xero. Taking advantage of the many features Xero has to offer will save you time and money, and allow you to focus on what you do best – not slaving over your accounts. . We're in the business of financial transformation and our core purpose is to eradicate financial stress. We believe people, systems and technology are the way to eradicating financial stress. And Xero ticks the "technology" box. . 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’d like to see how your business can benefit with the implementation of Xero, contact Sarah on 0402 811 088 to arrange a free demo. . #bookkeeping #missefficiency #smallbusiness #technology #cloudaccounting #cloud #systems #businesssystems #success #businesssuccess #productivity #bookkeepingexperts #brisbanebookkeeping #workingmum #worklifebalance #xero

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Another day, another roadshow and another Xero partner who realised….. That sending emails to request documents and information from clients… 😜 is silly 🐢 In-efficient ⏰🤑🤯And costing your team time, money and a loss of brain cells Today even Xero showcased that Content Snare is the BEST way to request client information, documents and files Why? Because unlike an email, Content Snare automatically chases your clients for information once you’ve sent the request Which means…. You don’t have to call them, text them or send a smoke signal when you need that bank statement at end of quarter…. You just need to SNARE it with Content Snare. So…… you know what to do. Just go and sign up to Content Snare and stop doing silly things. 😎 Good to see James Rose in action today. Even had a new customer sign up for an annual plan, on the spot 🙌🙌🙌🙌

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Practice Succession is excited to share our latest accounting practice listings for sale in Victoria, New South Wales and North Territory. Information Memorandums are now ready for your review; link in the comment section.👇 #accountingandaccountants #accounting #accountant

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Business planning and forecasting is an essential part of running a successful business. It gives you greater financial transparency, providing guidance and reassurance as you work towards your goals. When you work with WoodWhite Accountants for forecast and budget planning, not only will you free up time to focus on other areas of your business, you will: - Be able to create actionable plans for growth backed by accurate data; - Keep track of business goals and make tweaks where necessary; - Monitor cashflow, investments, funding, overall revenue, bills and more; - Help with tax planning, retirement planning, pensions and more. Our service can also offer advice on the sale or acquisition of a business. Let us help you to make the very best financial decisions with the insights from our business forecasting and budgeting services. #Accountant #Forecast #Budget

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