Our ABN Orange Man is here with a quick tax saving tip for your Year End planning! 💡 Review your Stock on Hand If you operate a business that deals in stock or inventory, then review your stock valuation and write down or write off any stock that is slow moving, damaged or obsolete. Complete a stock take and remember that stock can be valued at the lower of cost or net realizable value. Small businesses can avoid doing a formal stock take if the balance of their stock has not changed by more than $5,000 in the last year.
About us
The Australian Bookkeepers Network (ABN) stands as Australia's premier bookkeeping organisation, with over two decades of industry leadership. Offering innovative solutions and tailored technical resources, ABN supports bookkeepers at every stage of their bookkeeping journey. ABN members enjoy immediate access to a comprehensive suite of resources, coupled with a complimentary membership to the Australian Bookkeepers Association (ABA), recognised by the Tax Practitioners Board. Designed exclusively for bookkeepers, ABN provides a range of products and services crafted by industry experts. This includes technical resources to build businesses, maintain compliance, and stay ahead in the field. Join ABN to benefit from unparalleled support and become part of a community of like-minded bookkeepers, business owners, and industry experts. Your membership is not just a credential but a gateway to collaborative growth and shared success.
- Website
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http://www.austbook.net/
External link for Australian Bookkeepers Network
- Industry
- Accounting
- Company size
- 11-50 employees
- Headquarters
- Springwood, QLD
- Type
- Privately Held
- Founded
- 2001
- Specialties
- Bookkeeping Network, ABN Payroll, ABN BAS, Bookkeeping, Technical Information, Conferences, Webinars, Technical Publications, BAS, Payroll, Bookkeeping, BAS Agents, and Business Support
Locations
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Primary
Dennis Road
Springwood, QLD 4217, AU
Employees at Australian Bookkeepers Network
Updates
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Pre-insolvency specialist business consultants, de Jonge Read, warn that even profitable companies are at risk of new ATO debt disclosure laws, urging vigilance around tax compliance.
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In case you missed it, we had the wonderful Janine Shepherd AM on Bookkeeper Radio this afternoon, and she gave us a great sneak peek into what she's going to be talking about at The Bookkeeper Event in October! Janine is one of our keynote speakers, and we're so excited for you to hear her talk about resilience, overcoming challenges, and tapping into your strengths! If you haven't got your tickets yet, it's not too late! But tickets ARE selling out fast, so grab yours at https://bkevent.com.au/
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After time spent working with the ATO, the Australian Bookkeepers Association (ABA) has worked with the ATO to secure an important change to the CAL process to reduce the threat of BAS Agents having their clients kicked out of their OSfA (delinking).
ABA works to change CAL process
Australian Bookkeepers Network on LinkedIn
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🤝 ABN Partners: Dext In recent times, the Australian Taxation Office (ATO) has launched a concerted effort to recover over $34 billion in deferred debts from small businesses and self-employed individuals. This aggressive approach, coupled with a sluggish economy and escalating insolvency rates, poses significant hurdles for businesses across various sectors, including construction, hospitality, and retail. To help you and your clients to navigate these turbulent times and safeguard the business's financial stability, our ABN Partner Dext is excited to invite you to their upcoming webinar: Navigating Cash Flow Challenges: Strategies for Small Businesses Amidst ATO Debt Recovery. Join us on: Date: Tuesday, 6th June, 2024 Time: 2:00pm (Melbourne/Sydney time) Speakers: Kelvin Deer, Australian Bookkeepers Network & George Bartlett, Dext Register here: https://lnkd.in/gidhGNVG
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New NFP Reporting Rules The new financial year sees some rule changes affecting Not For Profit (NFP) organisations. NFPs including sporting clubs, community service groups, cultural organisations and more currently enjoy an income tax exemption. The changes impose obligations on certain NFPs in order to preserve their tax free status. Bookkeepers often find themselves working for NFPs in both paid and sometimes unpaid capacities as part of their support for valuable local community organisations. Join this episode of Bookkeeper Radio where we speak with our resident tax expert and answer some important questions about the new NFP regime: • What NFPs are affected? • What steps should the NFP be taking now? • How does the reporting regime work? • What is the role of the bookkeeper working with an NFP? Date: Tuesday 28th May 2024 Session Start Time: 12:00pm Register here: https://lnkd.in/gPJGChsB
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🤝 ABN Partners: MYOB Calling all MYOB Partner Program members - it's time to register for Discover Q2! You'll learn about the latest MYOB product updates and connect with the wider MYOB community. What's in store for Discover Q2: 1. Exclusive Economic Overview with Emma Fawcett and Westpac Economist Jameson Coombs, 2. MYOB Business and Partner Program updates, 3. MYOB Practice Manager and Nimbus update, 4. and more! 6 June at 12.00 pm AEST Register now - https://lnkd.in/gSQMf7Uw
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While the 2024-25 federal budget has largely received muted reviews, the lack of significant reform is both a blessing and curse for bookkeepers. Here's 3 things bookkeepers need to know about the recent Federal Budget.
2024/25 Budget: 3 things bookkeepers need to know about the Federal Budget
Australian Bookkeepers Network on LinkedIn
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Don’t miss this informative webinar presented by ApprovalMax. Peter Thorp (host) will be joined by Cassandra Scott (Head of Bookkeeping) and Justin Campbell (Product Expert) from ApprovalMax to break down how to tackle this in 90 days. During this webinar, they will explain: - Practical strategies to tighten financial controls for clients of any size. - The impact financial controls have on client value, client quality, and retention rates. - How financial controls can reduce time spent on fixing bookkeeping errors. - How to set up your tech stack to prevent, detect, and correct any financial issues. Join us to gain actionable insights and ask our experts anything along the way. Time: Tuesday 14th May 2024 Date: 11am to 12pm AEST Register Here: https://lnkd.in/gSbKSse9
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Australians digital identities are set to have greater control to protect their digital identity following the recent passing of the landmark Digital ID Bill.
Government backs broader scope of Digital ID providers
Australian Bookkeepers Network on LinkedIn