The Benefits of Hiring a Bookkeeper

Would it be better to hire a Xero bookkeeper to help with your bookkeeping and BAS?
Bookkeeping costs are a valid tax deduction for small business, the same as your accountant or tax agent at year end.
You can save plenty of time and stress by using a bookkeeper because they will keep your accounts up to date and in order.
Your BAS, IAS, STP and Superannuation will be lodged or filed on time.
Your accounts will be ready for your accountant or tax agent at year end so that should save you some accounting fees.
Registered BAS agents need to have continuing professional education so they are up to date and knowledgeable.
Bookkeepers like bookkeeping and balancing up your books.
Don’t get caught out. Unfortunately, we have seen a few sole traders get caught out with the whole GST and income tax situation in their first year of trading. They ended up with large tax and GST bills which took them years to pay off.
We can help you with all of your Xero bookkeeping and BAS requirements.
Book in here now with your local Sydney Xero Bookkeeper for a free telephone discovery consultation

Call now on 0423 879 056 or click here to email us

Important Questions for Tradies or New Small Business Owners

What is your chart of accounts?
How important is it to code transactions to the correct accounts when doing your own Xero bookkeeping?
What paperwork do you need to keep and for how long?
What is the easiest and most efficient way to keep track of and pay your creditors in Xero?
Is a Profit and Loss statement and why is it important?
What is a Balance Sheet? What does it tell you about your business? Which Balance Sheet should you run in Xero?
What is GST? How does it all work? What is a business activity statement or BAS?
Businesses need to register for GST when their income is close to the $75,000 income limit. It is a real pain to deal with backdating the GST registration if needed.
Are you considering taking on your first employee? What paperwork do you need? What do you need to do? How does superannuation work?
Are you going to be paying subcontractors? Do you need to pay them superannuation? What about the Taxable Payments Report where you need to advise the ATO on the amounts you have paid them throughout the year?
Bookkeeping best practice is to put aside funds for your GST, PAYG (tax taken out of employees pays) and your tax so you have the funds to pay your liabilities?