REMINDER - BUSINESS ACTIVITY STATEMENTS

Don't forget to lodge your Business Activity Statement (BAS) for the quarter ended 30 June 2019 by 25 August 2019. This date only applies if you are lodging the BAS through a Registered Tax Agent.

Please feel free to contact MY Books & Payroll on 5427 8118 or Langley McKimmie on 
5427 8100 if you would like our assistance.

“My Books & Payroll” experienced bookkeepers, Cate, Emma and Ebony offer a comprehensive bookkeeping service or tailored account services.

REMINDER - JULY ACTIVITY STATEMENTS

Don't forget to lodge your July Activity Statement (IAS) by 21 August 2019.

Please feel free to contact MY Books & Payroll on 5427 8118 or Langley McKimmie on 
5427 8100 if you would like our assistance.

“My Books & Payroll” experienced bookkeepers, Cate, Emma and Ebony offer a comprehensive bookkeeping service or tailored account services.

BUYING, SELLING, DEVELOPING PROPERTY?

Property transactions are one of the most common and significant dealings which can have varying taxation implications dependant on whether you are an investor or property developer. It is best to obtain advice prior to the transaction occurring.

Langley McKimmie Chartered Accountants have specialist advisers who can assist you with the following areas of advice: 

• Residential, commercial and rural property
• Capital Gains Tax
• Small business concessions
• Goods and Services Tax
• Main residence exemption
• Tax structuring
• Sub-division
• Revenue or capital account
• Self Managed Superannuation
• Foreign resident withholding clearance 

In recent years the ATO has placed a focus on reviewing property transaction, so to ensure you have the best possible outcome, contact us to discuss your situation.

Please contact Chris Mercieca, Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.      

WHO IS MY BOOKS & PAYROLL

Bookkeeping is a key function of any business. We can simplify this process and give you back your time and sanity to concentrate on important elements which make your business great.

“My Books & Payroll” experienced bookkeepers, Cate, Ebony and Emma offer a comprehensive bookkeeping service or tailored account services.

Full function payroll management
Superannuation, salary sacrifice, payroll tax and end of financial year obligations, STP reporting compliance

Account management
Accounts payable, Accounts receivable, Bank reconciliations

Reporting
Financial and statistical reporting

BAS
Preparation and lodgement

To speak to Cate, Ebony or Emma please call (03) 5427 8118 or email mybooks@lmck.com.au

BENEFITS OF ONLINE ACCOUNTING SOFTWARE

There has been a lot of promotion in recent times by online accounting software solutions such as Xero, Reckon online and MYOB pushing their online products, however many people are interested to find out what the benefits are. Below are some of the benefits of switching to an online accounting solution (features can vary between the different software products on the market):

• Bank account information can be directly downloaded into your file, this means that once set up the bank account transactions will feed directly into your file and you will simply need to code the entries
• Your accountant is able to have real time access to your file, which means that they can assist you over the phone or log into the file (once you have allowed access) and assist with changes or resolving any bookkeeping issues that you may have
• The cost is generally direct debited each month for the accounting package so you do not have to deal with the more substantial initial outlay of purchasing a desktop version (and then having to update it each time a new version is released)
• You can access your file anywhere provided you have internet access, the beauty of being cloud based!
• Most online accounting packages offer a payroll function as well as invoicing functions
  
• You are also able to set rules so re-occurring transactions each month can be automatically coded saving you time and reducing your workload 

MY Books & Payroll is a partner of MYOB, Reckon and Xero.

Please contact our office to speak to one of our accountants if you would like to discuss further.  Langley McKimmie Chartered Accountants  (03) 5427 8100


We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.  

WHY AM I MAKING A PROFIT BUT HAVE NO CASH?

We assist our clients by providing direction in the management of their cash flow - a key factor in the success of a small business.

http://myob.com.au/blog/why-am-i-making-profit-but-have-no-cash/

 


Please contact our office to speak to one of our accountants if you would like to discuss further. Langley McKimmie Chartered Accountants (03) 5427 8100. 

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.

TIME TO SET SOME BUSINESS GOALS

The new financial year is an excellent opportunity to reflect on your business goals.

Are you where you think you should be? What are your business goals and how will you achieve them? 

It is important to review the financial aspects of meeting business goals, which may include profit and loss analysis, cash flow forecasting and budgeting.

The analysis of these reports can assist you with your decision making and goal setting.

Please contact Fiona Cook, Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.