useful links & tools

empowering you

We have listed some useful links and tools below to help you prepare your documentation so you don’t miss something, and so that we can undertake your work quickly and efficiently. We are always here to help – after all, it is all about you, the client. If there is anything else that you would find useful, please drop us an email and tell us about it.

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Try our handy Income Tax Estimator

This handy little tool will give you an estimate of the likely income tax you will be liable for unless we can improve the outcome for you.

Simply enter your annual salary or taxable income in the top box to see what you potentially will be paying if you don’t speak to us. We can identify ways of reducing your tax liability. You need to speak to us today.

Useful Downloads and  Checklists

pdfDemystifying Your Accounts eBook

Download your FREE eBook – Financial Statements … learn how to use them!

Download
pdfThe Power of a Cashflow Forecast eBook

Download your FREE eBook - 5 Benefits of a Cashflow Forecast

Download
pdfFoolproof Guide to the Perfect Business Plan eBook

Download your FREE eBook – Learn how to write the perfect Business Plan

Download

 

pdfBusiness Checklist

Documentation required for end of financial year preparation of financial statements and income tax return.

Download
pdf
Investor Checklist

Documentation required in addition to the individual checklist requirements.

Download
pdfIndividual Checklist

Individual checklist requirements to help you get organised and us to work more efficiently for you.

Download

 

pdfClaiming Motor Vehicle Expenses

Used for employment/business purposes

Download
pdfSMSF Borrowing

Recent changes to self-managed super funds borrowing prohibitions.

Download
pdfDo you work from home?

If so this guide may help

Download

Banklink Service

Some years ago, BSN & Co purchased Banklink software (now called MYOB Banklink) and many of our clients now use the service for the ongoing processing of monthly transactions, as it eases the record keeping burden and facilitates the preparation of periodic or year end financial reporting.

At the end of each month, your bank or other financial institution (on your authority) simply provides a copy of the transactions recorded for that month.  We download the statement of withdrawals and deposits in a format to facilitate the identification of transactions.  After a few months there is a memory capacity within the software to automatically code the regular debits and credits.

Of course, these days many transactions are identified on statements through Billpay etc and we encourage Banklink clients to take advantage of any opportunity to have the respective institutions identify payees/transactions.

Naturally, we need to ask our clients to identify the remaining entries in the coding reports, but at least the processing takes place on a current “as you go” basis rather than after year end and later, as is usually the case.  Once the coding is completed in Banklink, we simply export the data to our accounting program.

We absorb the Banklink charges because it helps our clients keep up to date with their ongoing bookkeeping and reconciliation, saving them time.  Then, after the end of the financial year, only year end adjustments are required to finalise financial statements.

Banklink also incorporates goods and services tax bookkeeping and provides BAS reports which we lodge electronically for our clients.

From our experience the service is well worth consideration.

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useful links

The websites listed below are for general information and use. We do not endorse any product or services.

ASIC - Australian Securities & Investment Commission

The Australian Securities & Investment Commission (ASIC) is an independent Australian Government body that acts as Australia’s corporate regulator. ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. Go to ASIC Website. 

ASIC - Business Name Register

The business names registration service allows you to register business names nationally, online. You can register your business name using our online service, ASIC Connect. Go to ASIC Website.

ASIC - MoneySmart tips from ASIC

MoneySmart is an initiative of the Australian Securities & Investments Commission. We offer you tips & tools to help you make the most of your money. Go to ASIC Website.

ATO - Australian Tax Office

The Australian Taxation Office (ATO) is the principal revenue collection agency for the Australian Government, collecting approximately 92% of revenue at the Federal Government level. It is responsible for administering income tax, pay as you go withholding and instalments (PAYGW and PAYGI), the Australian Business Number (ABN) and Australian Business Register (ABR), goods and services tax (GST), fringe benefits tax (FBT) and much more. Go to ATO Website.

ATO - Business Activity Statement

Businesses use activity statements to report and pay a number of tax obligations, including GST, pay as you go (PAYG) instalments, PAYG withholding and fringe benefits tax. Individuals who need to pay quarterly PAYG instalments also use Activity statements. Go to ATO Website.

Australian Bureau of Statistics - Consumer Price Index

The Statistics section of the Australian Bureau of Statistics (ABS) website gives you access to the full range of ABS statistical and reference information. It is updated weekdays at 11:30am, Canberra time. Go to Website.

Australian Business Register

The Australian Business Register website is managed by Business Reporting and Registration a whole-of-government program. The aim of Business Reporting and Registration is to reduce the cost, time and effort invested by business when reporting to government. Go to Website.

Department of Commerce

The Department of Commerce works with the community to ensure high standards of safety and protection for workers and consumers, and promotes and fosters innovative industries, science and enterprise.  The department comprises eight divisions: Building Commission; Consumer Protection; EnergySafety; Labour Relations; Industry and Innovation; WorkSafe; Corporate Services and the Office of the Director General. Go to Website.

Department of Finance - Office of State Revenue

State Revenue’s mission is ‘To administer revenue laws and grant and subsidy schemes in a fair and efficient manner for the community’. Go to Website.

Department of Commerce - Wageline

Wageline is a free and confidential private-sector employment information service. Go to Website.

Department of Human Services - Centrelink

The Department of Human Services is responsible for the development of service delivery policy and provides access to social, health and other payments and services. Go to Website.

MYOB

Mind Your Own Business (MYOB) provides software services to small and medium business, and is particularly well known in Australia and New Zealand. Their products and services range from entry level accounting software through to multi user enterprise software (MYOB Exonet and MYOB PayrollEnterprise). Other products include retails point of sale software, asset management, payroll, payment services, practice and tax software and E-commerce solutions Go to Website.

MYOB BankLink

BankLink automates and streamlines the accounting process for over 4,500 accounting practices and over quarter of a million small business clients across Australia and New Zealand Go to Website.

MYOB EXO - Enterprise

MYOB Enterprise Solutions designed a fully integrated financial and business management system specifically for medium sized and larger businesses. It’s modular design supports Finance, Customer relationship management (CRM), Job and Project Costing, Accountant’s Assistant, Point of Sale, Fixed Assets, Serviceable Units, API and Intercompany, these can be packaged up to ensure the final solution for your company is a perfect fit. Go to Website.

QUICKEN (Reckon) - Personal Finance Management Tool

Quicken is a personal finance management tool, with a vast array of features. There are several versions of Quicken including, but not limited to: Quicken New User, Quicken Basic, Quicken Deluxe, Quicken Premier and Quicken Home & Business. Each version of Quicken also tends to have the release year in the product name, (e.g. Quicken Basic 2008). Go to Website.

Xero

Xero is a global company with offices in the United States, United Kingdom, Australia and New Zealand. Xero is the emerging leader in online accounting software, providing business owners with real-time visibility of their financial position in a way that’s simple, smart and secure. Go to Website.