Outsourced Bookkeeping Services – BBW Business Services

Outsourcing bookkeeping facilitate business owner’s to work on their core expertise. Outsourcing bookkeeping services includes Accounts receivable and payable, Bank reconciliation, Online Payments, Debtor Management, Business Reports, Budgeting and Payroll. The main advantage of Outsourced Bookkeeping Services can be summarize as below: 1 Saving money: If you want to save your money for paying full-time and part time wages then Outsourcing bookkeeping is the best solution. Many times productivity of an employee decreased after certain period...

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Best Accountants in Australia Melbourne Brisbane and Sydney

Best Accountants in Australia (Melbourne, Brisbane and Sydney) If you are running a Business firm, an accountant will help you understand the necessary paperwork, and will aid in organizing all of the necessary documentation. Accounting services not only helps you maximize your money to create multiple income streams but also improve tax-effectiveness & protect your assets. BBW Business Services have well qualified team of experienced accounting professionals for you at low prices which increase cash flow & profit. The skilled team is...

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Falling Aussie Dollar Outlook Lifts Manufacturers’Spirits

GROWING expectations of a further sharp fall in the Australian dollar to as low as US70c are bringing a smile to the nation’s manufacturers, and could help plug the federal government’s haemorrhaging bottom line. The Commonwealth Bank has slashed its outlook over the next two years, forecasting the dollar to sink to US73c by June next year before rising to US78c the following March. “The dollar decline is a Christmas bonus for dollar-¬exposed ¬industries such as manufacturing and tourism who are now ¬enjoying the dollar at its lowest level...

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What is Payroll Services

p { margin-bottom: 0.25cm; line-height: 120%; } A company constitute of CEO, Managers, Team-leader and workers. The all get different salary and wages for their jobs. The sum of all financial records of salaries for an employee, wages, bonuses and deductions is called payroll. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. When an account is established, the employer simply provides the payroll service with a list of all employees, the hours they worked, and...

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Why Is The Cost Of GST Compliance So Much More In Australia

The cost of GST compliance is 50% higher in Australia as compared to neighbouring countries. The total cost of Australian GST compliance contributes around 58% of the total compliance cost for small businesses in Australia. Whereas, it costs around 40% to small businesses in South Africa, Britain and Canada. It has been often discussed that the revenue earned through GST can be utilised in community service. Businesses often play the role of ‘unpaid tax collectors’ in case of GST collection. Every year, small businesses pay a cost of around...

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Tax Rate Uninvestable Rio Tinto

A top mining executive has warned the industry's global competitiveness is at stake amid claims it should pay more tax, as a new survey shows the combined tax take on resources companies surged towards 50 per cent in 2012-13. The tax take on the mining industry – company tax and royalties – jumped to 47.1 per cent of pre-royalty profits in 2012-13, the highest in the six years covered by the survey. It was 43.2 per cent the previous year. The take is heading higher because minerals price plunges and state royalty hikes have continued since...

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Senates Orders Tax Office To Reveal Mining Tax Revenue

The Senate has passed a motion ordering the Tax Office to reveal how much revenue the mining tax has raised since it was introduced last year. There has been growing pressure on the Government to detail what money has been collected, despite Labor's insistence that it is not legally allowed to because of privacy provisions in the tax laws. According to media reports, the Minerals Resource Rent Tax has not raised any revenue during its first six months of operation. Today's motion, put forward by Greens leader Christine Milne, was...

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Evolution of Advertising Practices in Australian Accounting

Australian accounting has a deep link to the colonial accounting practices once popular in Britain. During the colonial rule, Australia was significantly influenced with the traditional pattern of marketing in accounting services. Earlier a greater number of restrictions existed on Australian accounting organisations and professionals, so their ways and modes of promoting themselves were also very restricted. Earlier there were restrictions on the size and type of content that can be used in marketing materials, so accounting firms were...

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CEOs Share Views On Economic Outlook

Growth, productivity improvements and a need for Canberra to remain disciplined in its fiscal settings are among the key issues facing the Australian economy, the chief executives of BHP Billiton, Qantas and Wesfarmers have told The Australian.BHP Billiton’s Andrew Mackenzie argues Australia must further deepen its links with Asia while there is an “urgent” need to lock reform of the tax system to ensure revenue keeps up with changes in the nation’s economy and business landscape.Qantas chief Alan Joyce believes finding the means of funding the...

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Accounting Salary Trend In Australia 2013

Current salary trend in Australian accounting world is a prominent part of various accounting salary guides and surveys released by various experts. We have summarised salaries taken by main accounting job profiles in Australia.  These figures have been taken from payscale.com and finance and accounting salaries may vary depending on company size, job role, employee’s calibre and employer’s financial situation. There are various...

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Equity Interest Arising Through Connected Entities

The Commissioner provisionally considers that s 974-80(1)(d) of ITAA 1997 is not satisfied merely because a non-resident entity has chosen to invest indirectly in a debt interest issued by an Australian resident company and there is one or more equity interests interposed between the resident entity and the entity holding the debt interest.The fact that a non-resident entity has decided to invest indirectly in an Australian resident company through one or more interposed entities, and the final leg in the chain is a debt interest, will not of...

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China Stimulus Hopes Lift Australian Mining Shares

Growing expectations that the Chinese government will introduce stimulus to boost its economy has sparked a rise in commodities prices, which in turn lifted local mining stocks. Local equities also benefited from strong performances from Wall Street which was buoyed by US consumer confidence climbing to a six-year high. Australia's benchmark S&P/ASX200 rose 40.2 points, or 0.8 per cent to 5376.8. The broader All Ordinaries finished 36.2 points, or 0.7 per cent, higher at 5387.2. However, there are still significant headwinds for the...

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Superannuation And Other Barriers To Older People Working Need To Go

The older workforce in Australia may now be able to stretch its working life to few more years. A recent report released by the federal government reflects the same. The report titled “Access All Ages – Older Workers and Commonwealth Laws” was created by Australian Law Reform Commission. The commission believes that strict policies on social security and superannuation contribution have discouraged older workforce from continuing their profession after ageing upto 65 years. Many argue that loosing this experienced population is a kind of...

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Outsource Bookkeeping Services in Australia

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