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Planning to start a bookkeeping business? Here is the order to register, insure, paper and price it, with every regulated step in its proper place.

Need proof a client’s company exists? Order the certificate of registration through your ASIC access, and know when a bank wants a company extract instead.

Your client has been asked to send invoices over the network. Here is what a practice turns on for Peppol e-invoicing, and what changes on the BAS.

Your supplier has not quoted an ABN. Work out whether the reason given on NAT 3346 stands, or whether your client has to withhold at the top rate.

Your own practice splits partner profits too. Work through the PCG 2021/4 gateways and the risk score behind any allocation of professional firm profits.

What is a Division 7A loan? Understand director and company-to-trust loans, secured terms and the records your practice needs before documenting one.

Find the Division 7A benchmark interest rate for the right income year and see how changing rates affect loan interest and yearly repayment schedules.

Prepare a Division 7A loan agreement template with the right parties, interest and term clauses, then keep the signed agreement with the client’s loan.

Work out the Division 7A minimum yearly repayment from the opening balance, benchmark rate and remaining term, then check for a repayment shortfall.

Using the ATO Division 7A loan calculator? Gather the balance, term and repayments, then interpret the minimum repayment and closing balance results.

Apply a dividend offset to a company-client loan with clear records of the dividend, borrower and agreement, then update the Division 7A schedule.

A trust owes a company a distribution? Review unpaid present entitlements and Subdivision EA of Division 7A before treating the balance as a loan.

See how AI is used in accounting, from client information to document summaries, and understand the implementation challenges before expanding its role.

Use ChatGPT for accounting drafts and client emails with clear prompts and source checks. Keep confidential client information out of general chat tools.

Check your client’s total TFN amounts withheld before claiming tax credits. Reconcile payer records and establish the correct withholding refund route.

Need a TFN tax calculator? Choose the official ATO tool, prepare the right withholding or income inputs and understand what the estimate tells you.

When your client’s refund is late, check tax return processing time, assessment status and offsets before following up with the ATO.

Taking on a first-time tax client? Check whether a return is needed, collect income and claim records, and review the first return before lodgment.

Check what you can claim at tax time against the client’s income and records. Review receipts, super contributions and common refund misconceptions.

Review your company client’s tax compliance. Reconcile accounts to the return, check loans and losses, obtain approval and retain the working papers.

Preparing NSW payroll tax for a client? Check the threshold, reconcile taxable wages and retain the annual return and payment records.

When your client employs in Queensland, check Qld payroll tax registration, the threshold and rates before preparing returns through QRO Online.

Your Victoria payroll tax return starts with reconciled wages. Check the threshold and rate, then review the annual reconciliation in PTX Express.

Before lodging WA payroll tax, reconcile your client’s wages and group position. Find the threshold, rate and Revenue Online steps for the return.