Single Touch Payroll

Are you aware of the ATO's introduction of Single Touch Payroll? Single Touch Payroll (STP) is the biggest compliance undertaking since the introduction of GST. Introduced on 1 July 2018 for employers with more than 20 employees, STP will be compulsory for all* employers from 1 July 2019. STP means that all employers must be [..]

Accountants and Bookkeepers Working Together

I had an interesting discussion with a local GP this week. He asked what I was doing at the moment and when I said that I had set up a bookkeeping business, his next comment was that he didn’t want to change accountants. I explained that, as a bookkeeper, I attend to the daily paperwork, [..]

What makes our Franchisee of the Year tick?

Don Doolan, First Class Accounts Asquith was announced as our 2015 Franchisee of the Year in 2015. Don was a popular choice as he is always willing to assist and mentor his peers. In just over 3 years Don has been able to build a thriving bookkeeping business, so how has he done it? What makes [..]

How I answer the question “Why?”

Why? Three tiny letters, one small word and one HUGE question. It’s a question that I’ve been asked a lot this last month. When I meet with a new client I always feel a sense of excitement. I love hearing their story and learning about their business. Understanding what makes them tick. Uncovering issues that [..]

First Class Clients – Dr Cyril Fernandez Case Study

When you're an outsourced bookkeeper, you benefit from getting to work with some great client across a breadth of industries. We've very recently profiled Parul Mehta, the Franchise Council of Australia Single Unit Franchisee of the Year for QLD/NT. Parul has been a First Class Accounts franchisee since 2001. During the past 13 years Parul [..]

Cloud Accounting – What is this thing called the cloud?

Accounting software shouldn’t be a chore to use Small business accounting software that’s not available via the cloud can be tedious. Traditionally, it can suck up far too much of your business’ time and effort. This doesn't add value, and takes the fun out of being in business. Cloud software can save your company time [..]