Blog by Ease
Sharing with you all the latest technology and accounting knowledge to run your business with Ease
Top Tips to Stop Money Leaks from Your Business
If you are feeling a little despondent that your business appears to be doing well but the profits don’t reflect that, you may have some invisible money leakages due to a variety of reasons. Here are six tips that may help to stop some of the outflows. Tip...
When should I reach out to my accountant? – Will this get me in trouble?
When you’re running your own business there are all types of situations you find yourself in where there’s an important decision to make. When it comes to these decisions, making the wrong one is often hard to reverse and could cost you thousands of dollars more...
What Business Structure do I start with?
So you’ve got your great idea, you’ve done your research and you’re ready to take the next step, where do you start? Well, in our professional opinion we suggest you give some time to consider what business structure you should implement because it will cost you time...
IMPORTANT: Stimulus Package 1 – Support for Small Business
As a business owner, you need to face the possibility of team members being absent from your workplace, product supply issues and demand for your services and products reducing over the short term. There are 3 urgent things you need to be aware of:1. Government...
IMPORTANT: AN UPDATE ON EASE BUSINESS SERVICES RESPONSE TO COVID-19
In light of the recent developments around the Coronavirus (or COVID-19) and the uncertainty we are all facing today, we felt it's important to email you to assure you that we expect no major interruptions to the services that we provide to you. OUR CLOUD SYSTEMS MEAN...
Logbooks, Why you need one!
by Marjolyn Noble Oh no, the dreaded log book, why do we need to revisit this? Hmmmm, because it is often misunderstood and could potentially cost you thousands in tax deductions. We here at EASE are all about helping you minimise...
Hubdoc Digital Receipt Management
by Marjolyn Noble Technology is now driving change like we've never seen before. We now have the ability toquickly save and manage your business receipts within your accounting system. To do this we can use service providers such as Squirrel Street, Receipt...
R U OK 2019 – Time to get real!
by Drew Streitberg "R U Ok?" Day is almost upon us for 2019 and it's provided me with some time to consider the issue at length. Have we actually progressed since this time last year? Sadly, the answer is no. Awareness about the issue may have increased over the last...
ATO Benchmarks and how you compare against your competitors
Written by Sian Dawson Did you know the ATO publishes small business benchmarks based on specific industries so you can compare your performance against competitors in various cost categories? EASE has started reviewing this information as part of our advisor services...
D3 Deductions in the ATO crosshairs for FY2019 Tax Returns
Written by Drew Streitberg, Once again the ATO have advised practitioners that they will be scrutinising taxpayer deductions specifically relating to uniforms, occupation specific or protective clothing, laundry and dry cleaning expenses. Whilst there is a $150...
Are you a Whizz with Numbers or Lost in the Matrix?
All those numbers, what do they all mean? As trained professional accountants, when we look at a set of numbers on a report we intuitively understand their meaning and how they come together to form a meaningful result. It has taken us years of practice to be able to...
Small Business Cash Flow is Child’s Play…
Cash flow, as the saying goes, is King. Without a well written policy outlining things like your credit terms and payment options all your hard efforts could go down the drain. I bet you’ve had a few sleepless nights after dealing with stressful clients thanks to...
The #1 Reason You Should Automate Your Bookkeeping
Data entry can be a mindless and tedious part of recording keeping, especially if you are dealing with multiple transactions and those extra few bucks here and there can easily slip through the cracks. Back in the day it would have taken a full time staff member hours...
Everything You Need to Know About Xero
It’s your Team from Ease Business here, with a short message to help you get started with our cloud-based accounting program, XERO. We chose to work with this innovative accounting tool because it can be accessed anytime, anywhere, on any device. This provides not...
Master the Art of Invoicing and Avoid Overpaying Tax!
I have a vital question to ask you today… Do you invoice your clients correctly? Be honest… I know invoices are not the most riveting part of running a business but if you want to maintain a positive cash flow in any business, mastering the right way to invoice a...
Understanding Business Reports – Focus on the Profit & Loss Schedule
Written by Padma Ganeswaran The basic Financial Statements of a company generally consists of the Balance Sheet, Profit & Loss Statement and the Statement of Cash Flows. The Balance Sheet shows what a company owns and what it owes at a fixed point in time. The...
To GST or not to GST
by Padma Ganeswaran Businesses who generate less than $75 000 per year are not required to charge GST. In general there is a GST component of 10% in most of your business transactions. Some basic foods, education courses, medical health care, ie Doctors services and...
R U Ok? No really! Are you ok?
by Drew Streitberg I recently wrote an article for “R U Ok?” Day 2018 on the 13th of September this year and felt it was a topic so important that it was worth revisiting for the EASE Business Services Blog. It is relatively easy to celebrate a day for the...