Shoebox Blog

Everything a Small Business Owner Needs to Know About Capital Gains Tax

In Bookkeeping Basics | Posted 2 weeks ago, 07/04/2021 at 7:09pm

Capital gains & losses form part of your income tax return. Here’s when to pay your Capital Gains Tax.

Talking Tax: What is Fringe Benefits Tax?

In Bookkeeping Basics | Posted 3 weeks ago, 27/03/2021 at 3:53pm

Fringe benefits tax affects both employees and employers. To help uncover what fringe benefits tax means for you or your business, the team at Shoebox is here to make talking tax easy.

Understanding and Overcoming Financial Stress

In Bookkeeping Basics | Posted 3 weeks ago, 26/03/2021 at 8:28pm

Financial stress and hardship can have a large impact on your mental health, relationships and your current living situation. If you need to support your family, or if you have large expenses coming up like car registration fees or mortgage payments, losing a job can cause immense stress.

Affordable Market Research Strategies for Small Businesses

In Bookkeeping Basics | Posted 19/02/2021 at 3:48pm

Undertaking market research of your existing customers as well as potential customers can help identify exactly what people are looking for when it comes to your product or service. This is crucial for resource optimisation and efficiency.

Master Keeping Track of your Receipts in 2021

In Bookkeeping Basics | Posted 03/02/2021 at 2:28pm

For tax purposes, receipts are essential. Receipts provide evidence to large purchases you want to claim as work-related expenses. While we live in a highly digital world, many receipts these days are still kept in the physical world, so it’s important to have a system to record these.

What You Should Know Before Withdrawing From Your Super Fund

In Bookkeeping Basics | Posted 20/01/2021 at 3:24pm

When accessing your super, it is important to make a plan for how it can support you over your retirement (e.g. build an emergency fund that will provide a financial safety net to cover unexpected expenses or future changes to income and set up a weekly budget).

Getting Serious About Super: How to Set Yourself Up For Retirement As A Young Adult

In Industry News | Posted 13/01/2021 at 4:41pm

Getting serious about your retirement savings in your 20’s is one of the best things you can do for your future. Saving is a life-changing skill to have. Are you on track to retire comfortably?

Everyday Habits To Set You Up For Financial Success!

In Bookkeeping Basics | Posted 16/12/2020 at 5:24pm

Getting into good financial habits can set you up for success when it comes to living expenses, goals and financial stability. Here are our top 10 habits you can do to incorporate into your lifestyle.

Open for Business: Crucial Questions all Startups Should be Asking Themselves

In Latest News | Posted 03/12/2020 at 3:26pm

Starting and running your own business requires a mass responsibility that will undoubtedly involve a significant lifestyle change and a large financial commitment. On top of ensuring that all of your research and planning is finalised, begin your journey by asking if you’re truly ready for the complete life change you’re about to embark on.

To Audit or Not to Audit: A Guide For Small Businesses

In Latest News | Posted 26/11/2020 at 4:45pm

A business audit is a thorough examination of a business’ financial records to verify they are accurate. This involves looking through financial statements and ledgers to make sure that all the figures add up. An audit helps businesses find any errors or discrepancies in their accounting which can lead to problems in your financial reporting

Understanding Accounting: What is a General Ledger?

In Latest News | Posted 13/11/2020 at 5:02pm

Accounts that are typically recorded in a general ledger include assets, liabilities, equity, expenses, and income or revenue. They hold information that is important for preparing a business’ financial statements.

Teaching Kids About Money: Part 2

In Latest News | Posted 30/10/2020 at 8:14pm

To extend on our last article, today we explore some additional skills and concepts that are the basis of good money management. While some of these seem a little complex for young children, the earlier they begin to grasp these concepts, the deeper an understanding they will gather as they get older.

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