Sky Accountants Ballarat: How can a franchise accountant help your business?

Franchise accounting is different from other business accounting. Franchise accountants understand how to navigate and meet franchise obligations when setting business, tax and financial goals. They know the unique challenges and relevant benchmarks for different franchise models and can even help you cut through the legal red tape related to franchise agreements. At Sky Accountants …

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Sky Accountants Ballarat: Xero v. MYOB: Which cloud accounting software is best for you?

Accounting software has now disposed paper-based ledgers and systems and even Excel spreadsheets. Hard copies of some documents are still necessary but most are now stored more safely and accessibly in cloud-based solutions. At Sky Accountants Ballarat, our goal is to empower you to become a better, more finance-focused and well-rounded entrepreneur. Contact us at info@skyacc.com.au …

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Sky Accountants Ballarat: Is partnership the right structure for you?

When is a partnership structure ideal for a business? It offers flexibility to operate the business as individuals without the need of a company structure and strict reporting obligations. However, while it’s a good way to combine resources and expertise, a partnership comes with challenges as well. At Sky Accountants Ballarat, our goal is to empower …

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Sky Accountants Ballarat: Is a family trust right for you?

Is a family trust right for your business? A family trust is often set up when there’s a new business opportunity, a business expansion, or a need to structure investments properly. There are tax benefits when a family trust is set up correctly but it’s important to understand its purpose to determine how it can …

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Sky Accountants Ballarat: Should you change from sole trading to a trust?

Are you thinking of changing your business structure from sole trader to trust? Here are some things to consider. You may be growing your family business or planning your long-term wealth creation and looking for a more tax-effective business structure that protects your assets as well. At Sky Accountants Ballarat, our goal is to empower …

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Sky Accountants Ballarat – What type of SMSF is right for you?

What type of SMSF is right for you? Self-managed super funds are popular investment choices but do you really know the benefits of an SMSF as compared to industry or retail super funds? While other funds are run by external trustees for thousands of members, an SMSF is a trust structure that is run, controlled …

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Sky Update – October 2019

By Sky Accountants

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest. Changes to deductibility of holdings costs for vacant land On the 22nd of October legislation to limit deductions relating to vacant land passed both houses of Parliament and is now awaiting royal assent. …

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Ballarat Bookkeeping Services & Xero Bookkeeping – The Costs and Savings of Hiring an Accountant

The Costs and Savings of Hiring an Accountant Bookkeepers Ballarat How much would it cost and what are the benefits of hiring a tax accountant and bookkeeper for your small business? If you’re considering hiring an accountant for your small business, you’re likely asking how much it would cost. However, what you should actually be …

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Cafe Accountants, Bookkeepers & Hospitality Accounting Specialists: Labour Cost Standards

As a restaurant and cafe owner, you rely on your staff to cook and serve the meals, greet your customers and clean up the venue. The cost of labour for all these tasks to be performed can be your biggest operating expense so it would be helpful to use benchmarks for labour cost standards and …

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Restaurant and Club Accounting: Opening and Closing Checklist

To run a productive and smooth restaurant, there should be a balanced coordination among your staff, vendors and inventory. Your restaurant’s efficient operations depend on your preparedness. You need to be consistently prepared for the following day after a slow or busy night which may or may not have depleted your inventory. A good club …

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