KOVA Accounting

02/05/2023

A little something for your business!😀

Looking for advice for your small business? The Digital Solutions program offers small businesses low cost, high quality advice on a range of effective small business solutions.

25/01/2023

https://blog.syftanalytics.com/make-more-profit/?utm_medium=email&utm_source=rasa_io&utm_campaign=newsletter

To keep your ecommerce business afloat, you need to make a profit. I’ll share three top tips for generating more profit without increasing your prices.

14/11/2022

Data breaches are often outside of your personal control.

But there are a few things you can do to improve your data security.

Here are four ways to improve your data security:
1️⃣ Limit the amount of personal information you share.
2️⃣ Avoid re-using passwords.
3️⃣ Don’t use platforms that have a bad cyber security reputation or you are unsure about.
4️⃣ Secure your devices and accounts to reduce the impact of having your data leaked or stolen.

For more information, visit cyber.gov.au/learn/threats/data-breach

20/07/2022

Some good tips on promoting your business from Startup Daily.

19/06/2021

Do you have to pay tax on your JobKeeper payments? What if you accessed your super early? We answer your tax time FAQs.

25/05/2019

INSTANT ASSET WRITE-OFF

If your business has some spare cash, it makes sense to take advantage of the $30,000 instant asset write-off to invest in assets that can boost the productivity and profitability of your business going forward.

The instant asset write-off – now more generous thanks to changes announced in the April budget and effective for purchases from 2 April 2019 – allows you to claim an immediate tax deduction for all capital purchases costing less than $30,000, rather than depreciating the cost over several years.

This is great for tech items such as computers, tablets and phones, as well as tools and equipment for tradies, office furniture and even motor vehicles.

Since April 2019, this allowance is now available to all businesses with an aggregated turnover of less than $50 million.

20/03/2019

Single Touch Payroll (STP) extends to small employers with 19 or less employees from 1 July 2019. This means you report your employees' tax and superannuation information to ATO each time you pay them.

There is a three-month transition period so you can start reporting any time from 1 July – 30 September. Talk to us early and explore your options.

13/11/2018

Thinking of increasing your business’ marketing in the lead up to Christmas?

Be sure to check out this FREE marketing plan template to help you get started!

Free marketing plan template and guide available for download! Write an effective marketing strategy to help your business to stand out.

19/06/2018

https://www.news.com.au/finance/money/tax/ato-tax-expert-confirm-aussies-no-longer-have-to-save-paper-receipts/news-story/a411c24e167ef70c331a32e07a6c697e

MANY of us are still hanging onto paper receipts even though this hasn’t been necessary since 1999 — and it’s causing unnecessary stress at tax time.

18/06/2018

26/03/2018

QBO is basic, good value for money accounting software. It is a great start to paperless and more efficient office procedures.
Contact KOVAA if you need any help with set up. The first 30 minutes of our time is free.

Trial QuickBooks free for 30 days!

Invoice from anywhere, take instant payments, track expenses and run reports in no time 👌 Try now: http://intuit.me/2FKCfpi

12/03/2018

Small business benchmarks are a guide to help you compare your business's performance against similar businesses in the same industry.

Falling outside the key benchmarks for your industry may indicate your business has room for improvement.

Below is a link to a free app or can be done manually.

Cheers,
KOVA Accounting

Tax tip: Find hot spots in your business using the small business benchmarks!

By comparing to others in your industry, you can work out where adjustments to costs and expenses can be made, and more.

Check out the latest data now at ato.gov.au/businessbenchmarks