We initially started them on a small contract work of MYOB / Xero implementations and then moved them to more complex work involving Netsuite and have found them to be extremely competent with all three of these Accounting systems. They have integrated seamlessly with our company from systems to company values and would recommend them to any Accounting or Bookkeeping firm looking to leverage their business to the next level.
We look after medium sized family businesses all around Australia. Over the past 8 years we have worked with the BPO group and I have been extremely satisfied with the work they perform for our clients. They work directly with the clients and look after all the bookkeeping needs, the work is done extremely efficiently and accurately. We have no hesitation in recommending BPO to other practices, Our clients are extremely happy with what has been produced.
I don’t think there is any problem in recommending BPO Connect, I have already done that with about a dozen clients who have moved over to using the services at BPO in their accounting and BAS statements and their backup work
I have been working with the BPO group and associated entities for over 6 years now and continue to get the same high level service as ever before. BPO are a fantastic resource for us and our clients because they offer a high quality reliable service for a fixed monthly fee.
BPO are extremely professional outfit that drives efficiencies with their streamlined process which translates to real time and cost savings for clients. I would have no hesitation in recommending the BPO team to anyone that wants to improve their business.
The Federal Government has recently introduced changes to the tax laws aimed at protecting employee entitlements and deterring phoenix activities of businesses. Phoenix activities occur where businesses intentionally accrue debts in one corporate entity, enter voluntary administration or liquidation to avoid paying those debts and then re-emerge in a clean entity, free of the debts but still controlled by the same owners. Continue reading →
Struggling to put that brilliant brain child into action? You’re not alone, there are a lot of people who have come up with fantastic ideas that have never gotten off the ground and even more so, with ideas that have started off and lost steam half way through. The lack of planning, resources, cash, sales and the proper guidance, is the main reason for even the most amazing ideas to suddenly come to a grinding halt.
Allow me to guide you through a couple of key areas you want to focus on, whether you are starting out or struggling to climb up to the next rung of the ladder of success. Continue reading →
For the past 20 years my business partner and I have been involved in businesses of all shapes and sizes. We have seen businesses that have started, stopped, re-invented themselves, expanded and even sold; just to name a few circumstances. However, by watching how others handle their businesses and being in business ourselves, we have managed to learn enough to come up with our own theories on what to do and most importantly, what not to do while starting a business. Continue reading →
This is a pretty simple one to clarify, simply derivatives, such as options, are allowable investments for a SMSF, subject to certain conditions, including:
Ensuring that the fund’s investment strategy (and trust deed) permits the SMSF to purchase options
And,
That the fund has a derivative risk statement, that is a statement that explains the SMSF’s risk management policies when using derivatives. Continue reading →
While on the whole the 2012/13 Federal Budget was as underwhelming as the Government’s performance over the last year, the Government is attempting to reform business tax arrangements (without cutting the tax rate for small business).
The 5 big releases from that are as follows:
1. From 2012-13, the Government is significantly simplifying small business tax arrangements. Small businesses will be allowed to claim an immediate deduction for each asset they purchase less than $6,500, Continue reading →
A different approach …people don’t understand in a country the businesses are the ones that can bring confidence back into an economy. We need to support the business owners / lower taxes and spur growth via industry… not via reducing personal income tax for bottom end of the market and keeping corporate tax up to spur normal people to spend… reduce corp tax = more jobs = confidence to recruit =people will spend.When Europe’s finance ministers meet for a group photo, it’s easy to spot the rebel — Anders Borg has a ponytail and earring. What actually marks him out, though, is how he responded to the crash. While most countries in Europe borrowed massively, Borg did not. Since becoming Sweden’s finance minister, his mission has been to pare back government. His ‘stimulus’ was a permanent tax cut. To critics, this was fiscal lunacy — the so-called ‘punk tax cutting’ agenda. Borg, on the other hand, thought lunacy meant repeating the economics of the 1970s and expecting a different result. Continue reading →
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