Infinity Business Solutions

Infinity Business Solutions InfinityBS is a Boutique Bookkeeping Company and Certified BAS Agent specialising in SME Software, A

Wherever the season finds you this year - and we're including sunburnt back yards in the list of possibilities - the tea...
22/12/2025

Wherever the season finds you this year - and we're including sunburnt back yards in the list of possibilities - the team at Infinity wishes everyone a joyful, merry Christmas and happy new year!

Infinity Business Solutions is a network of more than 10 professional bookkeepers and BAS agents. That network means rel...
05/09/2025

Infinity Business Solutions is a network of more than 10 professional bookkeepers and BAS agents. That network means reliability and the benefit of redundancy: if one of us is taken out of action, you'll never be left stranded, unlike with a solo bookkeeper. We maintain connections with a host of other industry professionals and organisations, staying up to date to bring you the advantage of the best knowledge available.

This new financial year is set to be a challenging time in the professional services industry, as sweeping new standards...
29/08/2025

This new financial year is set to be a challenging time in the professional services industry, as sweeping new standards come into effect. If you manage your own books, are you familiar with any new obligations that may apply to your business and reporting expectations? If you think it might be time to consult a professional, get ahead of the curve: contact Infinity.

In bookkeeping, as in many industries, one of the few true constants is change. While changes from month to month seem i...
22/08/2025

In bookkeeping, as in many industries, one of the few true constants is change. While changes from month to month seem incidental, the landscape has changed dramatically compared to a decade ago.

At Infinity Bookkeeping Solutions, weekly training sessions allow our team to remain on top of software training, regulations and obligations, and maintaining skills and knowledge. We always stay up to date with an ever-changing environment, to be able to provide what our clients need.

As new regulations come into effect with the commencement of the 2025-26 financial year, QMS or quality management syste...
13/08/2025

As new regulations come into effect with the commencement of the 2025-26 financial year, QMS or quality management systems are now a requirement across the industry for bookkeepers and BAS agents. Service providers are mandated to implement documented systems and processes which demonstrate compliance, consistency, continuous improvement, and risk mitigation.

At Infinity Business Solutions we've always prided ourselves on providing a robust and quality service to all our clients, and strong quality management systems have always been an important part of this. As firm believers in the value of integrity and providing trustworthiness and reliability, we embrace changes that strengthen those values across the industry.

Infinity Business Solutions is a proudly Melbourne-based bookkeeping enterprise, occupying our headquarters in Mount Wav...
30/07/2025

Infinity Business Solutions is a proudly Melbourne-based bookkeeping enterprise, occupying our headquarters in Mount Waverley for the last 19 years. All of our staff are local to the Melbourne area. Our local perspective means more than just being part of the community and responding to its needs: it informs our values, and motivates our sense of accountability, integrity, and trust.

Unregistered business 'trading names' will cease to be acknowledged by the ABN Lookup tool from November 1, 2025 onwards...
18/07/2025

Unregistered business 'trading names' will cease to be acknowledged by the ABN Lookup tool from November 1, 2025 onwards. Since 2012, when the Business Name Register was launched, ABN Lookup has listed informal trading names. From November this year onwards, this protracted transitional period will end, and only registered business names will be displayed on ABN Lookup. As formal ABN registration is obviously crucial for a business - and small businesses are no exception - we urge sluggish operators to take heed and get sorted out ASAP!

Are you unsure whether all your ducks are in a row, when it comes to your small or medium enterprise? Infinity Business Solutions are small business specialists, and we can give you the answers.

Have you survived this EOFY season intact? It's been a time of considerable upheaval in the bookkeeping and accounting c...
10/07/2025

Have you survived this EOFY season intact? It's been a time of considerable upheaval in the bookkeeping and accounting community. The ongoing fallout and wide-reaching consequences of certain events in 2022 continue to make themselves felt, and a raft of new obligations have come into effect for tax professionals, BAS agents, and bookkeeping specialists as of July 1 this year with new changes to the Tax Agents’ Code of Conduct, testing the mettle of even seasoned professionals.

Are you tapped into ongoing developments in the bookkeeping sphere? Receiving the right advice? Satisfied that you are on top of your obligations? If you have questions, Infinity Business Solutions has answers.

The ATO once again turns its gaze towards contractors. Businesses lodge payments made towards contractors as part of the...
26/06/2025

The ATO once again turns its gaze towards contractors. Businesses lodge payments made towards contractors as part of their taxable payments annual report (TPAR), and data matching will reveal inconsistencies between payments contractors are receiving and the taxable income they report each year. Where the ATO suspects improper reporting on a contractor's tax return, it will contact them or their designated taxation professional to request a corrected tax return, it warned earlier this year. Nobody wants unexpected correspondence from the ATO!

Are you a contractor, or does your business deal extensively with contractors? Are you unsure about best practises in this area? Infinity Business Solutions can help.

As of April 1 this year, small businesses that have a track record of failure to comply with tax regulations - including...
20/06/2025

As of April 1 this year, small businesses that have a track record of failure to comply with tax regulations - including late or non payment, late or non lodgement, and incorrect reporting - may be moved to monthly rather than quarterly GST reporting by the Australian Taxation Office.

The ATO emphasises this change is intended to help small businesses with the establishment of "good business habits", for example by facilitating smaller, more manageable monthly payments rather than larger quarterly ones, for smoother cash flow. Businesses that disagree with their assessment may lodge an objection; businesses may also adopt monthly rather than quarterly payments voluntarily, if they so desire, which many have already done.

Do you struggle with the many compliance obligations faced by your small business? It may be a very good idea to engage a professional bookkeeping service, before you find yourself the recipient of an unexpected letter from the tax office. Infinity Business Solutions are small business bookkeeping specialists, and we are here to help.

The clock is ticking: From July 1, 2025 onwards, newly passed legislation means that payments of the general interest ch...
12/06/2025

The clock is ticking: From July 1, 2025 onwards, newly passed legislation means that payments of the general interest charge (GIC) and shortfall interest charge (SIC) will no longer be considered tax deductible. While many in the tax world agree that GIC and SIC should never have been deductible in this way, businesses have become accustomed to their deductibility, with it being relatively common for a business to resort to a payment plan and deduct the interest paid to the ATO.

This change coming into effect at a difficult time of high interest rates, when a record number of businesses are already going into liquidation, is likely to result in a painful adjustment period. H&R Block director of tax communications Mark Chapman warns that businesses are better off reprioritising tax debts over repayments to other creditors.

Source: Accountants Daily https://www.accountantsdaily.com.au/tax-compliance/21131-gic-deduction-changes-to-begin-at-worst-time-for-businesses-accountants-warn

Does your small or medium enterprise rely on tax debt for liquidity amid cash flow constraints? Are you confident in your financial arrangements? Are you staying ahead of the game by keeping up to date with legislative developments that have a real impact on your business? Whether you want a health check-up on the state of your books, or the reassuring guidance of industry veterans, Infinity Business Solutions are your local SME specialists and boutique bookkeeping experts. Contact us today.

Scams of ever-growing sophistication are a constant menace in our online world. It's easy to be lulled into a false sens...
06/06/2025

Scams of ever-growing sophistication are a constant menace in our online world. It's easy to be lulled into a false sense of security by the more obvious ones: we all have a spam folder full of them. But every now and then something will slip through into your inbox or phone message bank, and a minor lapse can be all it takes to fall victim.

Your best weapons when it comes to cybersecurity are vigilance, mindfulness, and a healthy scepticism. Strong relationships with coworkers, clients, vendors, and organisations are important: knowing their patterns and behaviour means you're much more likely to recognise when something is amiss. Infinity Business Solutions are SME specialists with a network of trusted business partners. "Trust, but verify," as the saying goes, and this is easy to put into practise when all it takes is a quick phone call with someone who is happy to hear from you!

Address

51 Stanley Avenue
Mount Waverley, VIC
3149

Opening Hours

Monday 9am - 11:59pm
Tuesday 12am - 6am
9am - 11:59pm
Wednesday 12am - 6am
9am - 11:59pm
Thursday 12am - 6am
9am - 11:59pm
Friday 12am - 6am
9am - 11:59pm
Saturday 12am - 6am

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