Max Margin Accountants

Preparing for End of Financial Year: A Checklist for Sole Traders

As the end of the financial year (EOFY) approaches, the phrase “tax time” often stirs feelings of apprehension, especially among sole traders. Juggling the responsibilities of running a business and preparing for EOFY can be challenging. However, with a bit of organisation and preparation, tax time can become a much less daunting period. We, at …

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5 Benefits of Tax Planning: As Essential Guide for Small Business Owners in Melbourne

Introduction Are you a small business owner worried about how taxes might affect your profits? Don’t worry – with strategic tax planning; you can deal with the situation most effectively and improve your bottom line. Tax planning is a strategy that focuses on minimising the amount of tax to be paid in a year on …

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A Stress-Free Approach to Tax Returns for International Students Studying in Australia

A Stress-Free Approach to Tax Returns for International Students Studying in Australia

As an international student studying in Australia, managing your finances and understanding your tax obligations can be challenging. With so many rules and regulations to keep track of, the process of filing a tax return might seem overwhelming. Worry not! In this comprehensive guide, we’ll walk you through everything you need to know about Australian …

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Overcoming Seasonal Cash Flow Challenges: A Guide for Melbourne’s Small Businesses

  Melbourne’s small businesses, like many around the world, often face seasonal cash flow challenges that can significantly impact their financial health. Seasonal fluctuations in demand, tourism, and even weather can lead to periods of reduced revenue and heightened expenses. By understanding these challenges and implementing effective strategies, small businesses can minimize the impact of …

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Why Bookkeeping is Vital for the Success of Your Business in 2023

  Bookkeeping is the process of recording, organizing, and maintaining financial transactions for a business. This includes everything from tracking income and expenses to preparing financial statements and tax returns. While it may not be the most glamorous aspect of running a business, bookkeeping is absolutely essential for success. In this blog post, we’ll explore …

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8 Monthly Accounting Tasks for Businesses to stay updated

As a business owner, it’s important to stay on top of your financials. Keeping accurate records and tracking your income and expenses can help you make informed decisions and avoid potential issues with taxes and financial reporting. To help you stay organized, here are some essential monthly accounting tasks that you should prioritize: Reconcile bank …

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5 Benefits of Cloud Accounting For Small Businesses

Digital technology has made a significant impact across sectors that result in increased efficiency, better productivity, and cost savings. The finance sector is no exception which has successfully adopted internet-based cloud accounting that simplifies business processes.  Cloud accounting is an excellent approach to making accounting tasks more convenient and streamlined, especially for small businesses. Cloud …

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Accountant for Small Business

7 Benefits of Hiring an Accountant for Your Small Business

An accountant in an organization is responsible for handling the budget, monitoring daily financial transactions, providing updates about expenses and income, and interpreting financial records. The owner of a small business or an entrepreneur needs to maintain, analyze, and compile financial records and get a clear idea of regular expenses to get better control over …

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Tips to combat the Economic crisis during the COVID-19 Pandemic

We understand. 2020 is one of our least favourite years right now. Nations from all over the globe are taking the necessary interventions to gear up for a significant recession period during the Covid-19 Pandemic. Likewise, the business industry is also suffering to no small extent, starting from slow sales to complete collapse. Despite the …

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