The answer according to the ATO – you should keep records long enough to cover the period of review (also known as the amendment period) for an assessment that uses information from the record.
How long do I need to keep records for? Read More »
Success in business requires a number of essential ingredients. A sound strategy. A robust business model. Effective planning. Strong financial control and bookkeeping. A good team. Great systems. Measurement. Focus. But you know what? Even all those elements are not enough without this skill: Execution. Call it “Getting Things Done”, making things happen, the action
Get it done. Get it read. Get ahead. Read More »
Hit-and-miss bookkeeping usually results in messy files that are difficult for you, and your accountant, to work with. Without reliable (and meaningful) financial information, you will be unable to take advantage of opportunities as they arise, which at best can slow the achievement of goals, and at worst, put your business in jeopardy. Good
Bookkeeping: Fundamental to the Success of your Business Read More »
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