Every ecommerce accounting software solution promises to save you time and improve your business, so which should you choose?At POP Business, we’ve set up many clients with the right tools for their ecommerce accounting needs. We can tell you from experience – it’s all about finding the right fit.Because every...
Category: Accounting
How to Calculate Asset Depreciation 101
Most business owners know they need to calculate asset depreciation as a cost of doing business but are unsure of where to startIn this article, we’ll take you through the process of working out your depreciation expense, and show you how to account for the sale of a depreciable fixed...
EOFY Tax Planning – What to do before 30 June 2021
How to get ready for EOFY (2021)Key DeadlinesJune 5 – The final lodgements for 2019-2020 Company Tax Returns are due. This is the deadline for accountancy agencies to submit their clients’ returns.1 May - 30 June – Annual Taxation Planning.30 June - Activities from tax planning to be finalised, including...
What is Asset Depreciation? Everything you need to know
Are you looking to buy an asset for your business? If so, figuring out the potential impact on your financial statements before making the purchase would be a wise move.While small items like calculators and stationery are expensed in the year they’re purchased, the cost of fixed assets are depreciated...
What you need to know about Capital Allowances
Not claiming the full capital allowances you’re entitled to is like throwing money away. Capital allowances can offset your business income and reduce the amount that ends up in the tax man’s pocket.That’s why it’s important to stay on top of this tax area. To help, we’ll run through a capital...