A few simple tips from the ATO for setting up your record keeping...

Wayne Burgan reveals some common and costly bookkeeping mistakes

We often get asked what the difference is between bookkeeping and accounting. So here is a short answer from Wiki-answers for you to read.

It can happen to anyone in a leadership role. Entrepreneurs can fall into the trap.

Small companies experiencing growth can get into trouble. A middle manager can make the same mistake. They all can ignore the warning signs that they need to hire help, delegate work, or add another layer of leadership.

The Bookkeeping Profession is an important one - as the Tax Office has realised and sought to improve links between itself and the bookkeeping industry. The following article is an interesting breakdown of the key issues the bookkeeping industry faces - most notably the apparent lack of training. IQ4 ensures all of its bookkeepers are well-trained and are constantly setting the standards for professional bookkeeping in Melbourne.