Shoebox Blog

Understanding the Difference Between Cash Flow, Gross Profit And Net Profit

In Bookkeeping Basics | Posted 2 weeks ago, 16/07/2021 at 11:41pm

Cash flow, gross profit & net profit are important metrics in small business accounting. To help you grasp the ins & outs of cash flow management, we break down these concepts.

Reduce Your Tax Bill: How to Save Money This Tax Season

In Bookkeeping Basics | Posted 3 weeks ago, 07/07/2021 at 12:15am

Why pay more tax than necessary? Here are our tips for tax-effective outcomes and a much smaller tax bill!

The Top Six Tax Mistakes Small Businesses Make (And How to Avoid Them)

In Bookkeeping Basics | Posted 24/06/2021 at 3:11pm

The most common tax mistakes made by small business owners & how to avoid them with the help of tax professionals.

Small Business Tax Time Checklist EOFY 2021

In Bookkeeping Basics | Posted 04/06/2021 at 7:01pm

EOFY 2021 is near - here’s your small business tax checklist to ensure you’re having a smooth & pain-free tax time.

How to Get Ready For Your Tax Return in 2021: A Step-By-Step Guide

In Bookkeeping Basics | Posted 14/05/2021 at 7:33pm

Having a checklist ensures you don’t miss anything when tax time comes around. Here’s your key to succeeding at this year’s tax return!

The Easiest Solution To Separating Your Personal and Business Tax

In Bookkeeping Basics | Posted 19/04/2021 at 3:23pm

Are your personal finances tangled up with your business? Here’s how to keep your business & private finances separate!

Talking Tax: What is Fringe Benefits Tax?

In Bookkeeping Basics | Posted 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 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?

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