The role of a robust accounting system is often the cornerstone of financial stability and growth. We’ve seen firsthand how the right accounting practices can be the difference between thriving and merely surviving. This guide aims to demystify the process of developing and improving accounting systems, ensuring that your business is not just keeping up,…
The holiday season is a time of joy, celebration, and, for many businesses, unique financial challenges. At VBA, we regularly witness how this period can impact companies differently. Some experience a slowdown as customers and clients take time off, while others are flooded with holiday orders and Black Friday-Cyber Monday (BFCM) rushes. Regardless of which…
There’s no better time than the beginning of a new tax year to improve efficiencies in your business – and we suggest you begin with your accounting system. Using a manila folder to keep your invoices, receipts and bank statements together until you meet with your accountant is fast becoming a thing of the past.…
To get your tax refund quickly you need to visit your accountant before the rush. Otherwise you’ll get stuck in the queue behind business owners with complicated tax returns that can take ages for your accountant to process. And in the meantime, the tax department’s got money that could be in your pocket! Here’s how…
If you are a business owner who’s sick and tired of tax-time headaches, it’s time to think about how to go about things differently in the 2018-19 financial year. Wouldn’t it be great to get your book work done on time and without the stress? The good news is, you can… By using a cloud-based…
A business without goals is likely to float along without ever realising its full potential with the business owner working long hours and taking few (if any) holidays. Having clear goals, in contrast, can help your business succeed by providing focus and motivation for you and your team. With goals in place, you are more…
Setting goals might sound a bit dull but it can make a huge difference to your financial future. Without goals, you’ll drift along, have a bit of fun and get by. But each year will end up pretty much like the last one – no better, and hopefully no worse. But if you set goals…
It’s almost the end of the financial year and you’ve worked hard. Fingers crossed you’ll get a tax refund and it will be good to have a bit more cash than usual. What will you do with it? Spend it all at once? Or think about how it, and the money you earn each week,…
If you or your partner is spending too much time grappling with depreciating assets, stocktake sheets or fuel tax records and not enough time working on your business, you need help. Managing your accounts can be a nightmare, and without the right sort of help you could be paying more tax than you should or…
Here’s THREE things you need to do NOW to maximise your tax refund… 1. ORGANISE your paperwork Every apprentice – no matter your industry or trade – can get one step ahead in the run-up to tax time by having a system. Disorganised paperwork will cost you money if your accountant or bookkeeper ends…