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Help with BAS Preparation and Lodging

Natasha has been doing bookkeeping for businesses across the Illawarra for over 18 years. Natasha says, "As the deadline approaches for the latest quarterly business activity statement (BAS) there will be many business owners from Bulli, Thirroul, Fairy Meadow, Wollongong, Figtree, Dapto, Warrawong, Port Kembla, Shellharbour and Kiama starting to stress. Larger businesses usually [...]

Grow your business, hire a Bookkeeper

Why does my business need to hire a bookkeeper?  What does a bookkeeper do?  Why does my business need a bookkeeping and accounting package? Natasha at ND Accounting has been providing bookkeeping services to businesses of all sizes, from Bulli, Thirroul, Wollongong, Figtree, Dapto, Warrawong, Port Kembla, Shellharbour, Kiama and all surrounding areas. Why [...]

Finding the best accountant for your small business

Is your accountant working hard enough to reduce your taxable income? Does your accountant plan ahead and give advice? Are you starting out in business and looking for an accountant?   Natasha at ND Accounting and Taxation Service started her own accounting and taxation practice in Warrawong in 2009 and say’s some individuals and businesses [...]

Bookkeeping for Small Business

Adopting some good habits in your small business can help control your cash flow and avoid costly errors.  Having a business plan is number one.    All businesses have cycles so it always good to project three to six months ahead when it comes to cash flow as you need to know how much money [...]

How do I get a Tax file number?

If you want to lodge a tax return in Australia you will need a tax file number (TFN) to do so.   What is a tax file number? TFNs, Tax file numbers are a nine digit number issued by the Australian Taxation Office.  Your TFN is yours for life and is the same number even [...]

How do I get a ABN?

If you are running a business you will need an ABN, even if your business is not going to register for GST.  However you must also register for GST if you are a business and your current/expected annual turnover is $75,000 or more (or $150,000 or more for a non-profit organisation) and/or you provide taxi travel (regardless of turnover).   [...]

GST and Business

Natasha at ND Accounting offers accounting and taxation services for individuals and businesses in Warrawong, Shellharbour and Wollongong, with clients also as far as Central Queensland and out to Western Australia.   Since 2009 ND Accounting have been offering accounting and taxation services from the ground up working alongside sole traders and small businesses managing tax, [...]

Why write a business plan?

Many people dream of being their own bosses and starting their own business for a better lifestyle.   The unfortunate reality is 90% of start-up businesses fail. Business plans are not just created if you're seeking finance for your business, it's a tool for understanding how your business is put together.  A business plan should question [...]

ATO exposes dodgy deductions

Wollongong Accountant and tax agent shares Extract from The Tax Advisors Voice -  NTAA publication - September 2016 - With over eight million Australians claiming work-related expenses each year, Assistant Commissioner Graham Whyte is reminding people to make sure they get their deductions right this tax time. “Australians claim over $21 billion in work-related expenses each [...]

Tax Tips for Small Businesses in Wollongong

Small businesses take up 97 percent of all businesses in Australia.  Running your own business has many advantages however the truth is according to the Australian Bureau of Statistics, more than 60 percent of small businesses cease operating within the first three years of starting. ND Accounting supports hundreds of start-up businesses in Warrawong, Shellharbour [...]