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How BuildXACT Improves Job Costing and Profitability for Small Residential Builders
For residential builders across Australia, managing estimates, budgets, schedules, and suppliers can be overwhelming without the right technology. BuildXACT has emerged as one of the most reliable construction job-management platforms, offering end-to-end control over every stage of a project. For accounting firms supporting builders, recommending the right software is now a strategic advantage helping clients reduce cost overruns, improve…
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Rounded – All-in-One Business & Accounting Tools for Australian Sole Traders
Running a business as a sole trader in Australia is rewarding but let’s face it, managing invoices, tracking expenses, and staying tax-ready can feel overwhelming. That’s where Rounded comes in. Rounded is an Australian-made, all-in-one accounting and invoicing tool built specifically for freelancers and sole traders. It brings everything together so you can get paid…
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Understanding the Factors That Prompt ATO Tax Audits and Strategies for Maintaining Compliance
Running a business in Australia means managing not only your operations but also your tax obligations with precision and care. The Australian Taxation Office (ATO) employs advanced data analytics and compliance programs to identify irregularities in tax returns. While audits are not common for every business, certain behaviors and inconsistencies can increase the risk of being reviewed. Understanding what…
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The Future of Bookkeeping: Essential Skills for a Transforming Industry
Bookkeeping has always been the foundation of sound financial management. But in today’s fast-changing business landscape, the role of a bookkeeper is evolving far beyond data entry and reconciliations. Automation, artificial intelligence (AI), and cloud-based accounting platforms are transforming how financial data is processed, analysed, and presented. The future of bookkeeping is bright — but…
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Easy Business App Review: Australia’s Best Accounting Software for Small Businesses
Running a small business in Australia comes with plenty of challenges managing invoices, tracking expenses, processing payroll, and ensuring compliance with the ATO can be overwhelming. For business owners and accounting firms alike, having a reliable, easy-to-use accounting software is crucial. With features like invoicing, payroll, Single Touch Payroll (STP), expense tracking, bank feeds, and…
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Strategies for Managing Late Payments from Clients: An Informative Guide
Late payments are one of the biggest headaches for business owners, freelancers, and consultants. They disrupt cash flow, delay growth plans, and cause unnecessary stress. For small businesses with limited reserves, even one overdue invoice can make it difficult to pay staff, cover expenses, or reinvest in operations. The good news? You can manage late…
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Everything You Need to Know About NowInfinity – Australia’s Leading Entity Management
Managing corporate compliance, trusts, and SMSFs is a growing challenge for accounting firms and business owners in Australia. With increasing regulatory demands, manual processes often lead to inefficiency, higher costs, and compliance risks. This is where NowInfinity steps in. Designed for accountants, financial advisers, and legal professionals, NowInfinity is an all-in-one cloud platform that centralises…
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The Role of Bookkeeping in Securing a Business Loan
When you’re looking to secure a business loan, whether from banks, credit unions, or private lenders, one of the first things they evaluate is your financial health. This is where accurate bookkeeping becomes a game-changer. Proper financial records not only demonstrate credibility but also improve your chances of loan approval with better terms. In this…
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How to Use Jira to Simplify Workflows, Track Progress, and Boost Team Productivity
In today’s competitive environment, Australian accounting firms and enterprise businesses are juggling multiple client deadlines, compliance tasks, and internal workflows all while striving for team efficiency and transparency. That’s where Jira comes in. Originally built for software teams, Jira by Atlassian has evolved into a powerful tool for task management, bug tracking, progress monitoring, and…
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Addressing Wage Underpayment as a Criminal Offense
New criminal underpayment laws have been introduced in some countries, including Australia, to tackle wage theft and ensure that workers are paid fairly. These laws make it a criminal offense for employers to underpay employees intentionally or through negligence, with significant penalties for those found guilty. For example, in Australia, the Fair Work Legislation Amendment…