Blog by Ease
Sharing with you all the latest technology and accounting knowledge to run your business with Ease
Introducing Hubdoc
What is it? Hubdoc is a cloud based tool to automatically import and manage all your financial documents and paperwork. For example it links in with all major banks and suppliers to automatically bring in, store and send across to Xero statement and bill information....
10 Things to consider when starting an E-commerce business
When starting an E-commerce business we often find people do not realise there are a number of elements you need to consider and implement just the same as you would any any business start up. The following gives you a short sharp summary and some of the main...
Xero Roadshow February 2018
by Drew Streitberg I attended the recent Xero Roadshow at the Perth Convention Centre on the 8th of February and wanted to share some of the new features and insights provided on the day. Many of the new features discussed were specific to tax practitioners and dealt...
Financial Planning Strategies with EASE
Do you have clear financial goals on where you want to be in 5 and 10 years time? Are you confident the path you're on at present is going to get you there? Are you confident the financial decisions you're making at the moment are going to ensure you reach your...
Why are my accounting fees so high? Help us to help you
by Sian Williams In this mixed economic climate we are more than aware that some small businesses out there are struggling with cash flow and making ends meet. A thing to do during these times is carefully review your current business performance and analyse whether...
Facebook Forum – new for EASE clients
by Marjolyn Noble To quote Bob Dylan, ‘times they are a changin’ and something EASE likes to do is keep abreast with all of these changes. Social Media, once just a link to keep in touch with family and friends in different parts of the country or the even the...
2017/18 Federal Budget
by Drew Streitberg Each year the Federal Budget comes out with increasing fanfare and commentary from various sectors of the community due to Political parties and politicians themselves under every increasing scrutiny in the digital age. So what does it mean for you?...
Understanding your Balance Sheet, in other words: ‘Where’s my business at?’
By Donna Giese Business reports can be a bit of a mystery if you are not an Accountant. Most people are more familiar with the profit and loss statement, also known as the income statement. The profit and loss statement shows how a company has performed over a given...
Is your Innovation getting all the right benefits?
Written by guest writer Michael Leyland Do you ever find yourself creating new products, services or processes because the ones available aren’t quite right or will just not do the job? Then you may be conducting R&D! If you are an Australian company conducting...
ATO and Payment Plans
by Marjolyn Noble It’s no secret in the business world, with the current economic climate, cash flow is causing quite a bit of pain for some small businesses. With outstanding Debtor days increasing, or less receipts coming through the door, managing cash...
Directors’ Duties
by Andrea Lyons Directors and company secretaries have a number of responsibilities under the Corporations Act. A breach of these duties may lead to the directors incurring personal liabilities, both civil and criminal. These duties include obligations to keep records...
The Power of Networking
By Sian Williams Whether you’re introverted like me or a complete social-extraverted butterfly, every small business owner has gone through the often dreaded process of attending networking events. Every business requires the right market and the only way to reach the...
Who’s got the time?
By: Drew Streitberg, Senior Business Advisor Recently I attended a 2-day seminar at the Australian Institute of Management for a “Time Management” course. I felt this was rather ironic at the time given the amount of work I currently had sitting in my in-tray...
How solid are your foundations?
written by Marjolyn Noble Most people would not consider building a house without putting down a solid and reliable foundation, yet when it comes to business all too often we see that this is often overlooked? ‘What business foundations are you talking about?’ I hear...
WHAT’S BEHIND THE NUMBERS? XERO REPORTS
by Donna Giese By now, most of you will have your December BAS finalised or very close to. It is a good time to have a look at your results for this fiscal year and plan for the remainder of the 2016 FY …. The Profit and Loss report is a good place to start, by...
How good is your information?
As a small business owner, once Xero is installed, many think that’s the end of the road in terms of having a good accounting system to ensure the best chance of business success. Sorry but the fun doesn’t end there. Your accounting system is only as good as the way...
ATO foreshadows further WET scrutiny in relation to artificial arrangements
by guest writer Drew Streitberg During October 2013 the Australian Taxation Office (“ATO”) released an Alert regarding potential breaches of the WET provisions. Taxpayer Alert TA 2013/2 details two structured arrangements in particular that the ATO will be...
Which tax are you referring to now?
by Sian Williams When you begin a small business there seems to be a never ending maze of fees and procedures, complete with a steep learning curve. This article is to assist you with a summary of some of the more common taxes you may encounter during your business...