Real-Time Inventory Accounting Support -Dear/Unleashed/Cin7 Inventory+ Xero Acounting System

Real-Time Inventory Accounting Suppport with Cloud Inventory Software We regularly see the same issues with businesses when it comes to inventory management. Many of the businesses we work with have inadequate inventory management systems and expertise, and a lack of business planning and support around budgets and cash flow forecasts. Lack of clarity around the numbers prevents the business owner or management team from ensuring the right business decisions are…  Read more

Upcoming Key Dates

Upcoming Key Dates Upcoming key lodgment and payment dates for businesses: 21 June Lodge and pay May 2021 monthly business activity statement. 25 June Lodge and pay 2021 Fringe Benefits Tax annual return if you have a tax agent that lodges your return electronically. 30 June Super guarantee contributions must be paid by this date to qualify for a tax deduction in the 2020–21 financial year. Contact us if you…  Read more

Upcoming key lodgment and payment dates for businesses

Upcoming Key Dates Upcoming key lodgment and payment dates for businesses: 21 June Lodge and pay May 2021 monthly business activity statement. 25 June Lodge and pay 2021 Fringe Benefits Tax annual return if you have a tax agent that lodges your return electronically. 30 June Super guarantee contributions must be paid by this date to qualify for a tax deduction in the 2020–21 financial year. Contact us if you…  Read more

EOFY is Fast Approaching

EOFY is Fast Approaching Eofy The end of the financial year is not just about tying up an interesting and challenging year, it’s also a chance to prepare for a successful year ahead! Below are some things you may want to consider. Temporary Full Expensing or Instant Asset Write-Off Small businesses with an aggregated turnover of less than $50 million can receive a full write-off for all assets. Both new…  Read more

Important Change for Employers: Superannuation Guarantee increasing to 10% on 1 July 2021

A Quick Overview The Superannuation Guarantee (SG) is scheduled to increase to 10% from 1 July 2021. If you have employees, you need to be ready for this legislated increase. What is Superannuation Guarantee? The Superannuation Guarantee is the minimum super an employer must pay to their employees super fund. The current SG percentage rate is 9.5% of employees Ordinary Time Earnings, but this is changing. Ordinary Time Earnings or…  Read more

A Beginner’s Guide to Cash Flow Forecasting

Nobody wants their business to fail. Although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. In a nutshell, cash flow forecasting involves estimating how much cash will be coming in and out of your business within a certain period and gives you a clearer picture of your business’ financial health…  Read more

Contemporary Inventory Control Challenges

From IPR Accounting years of professional practices, we understand that inventory control is absolutely critical to run an efficient businesses. Thus, we will share some inventory management problems, and advise how to avoid such issues in the article. We also believe by solving inventory issues, it improves efficiency and fosters exponential growth for business, and Cloud based management software is the key.   Currently, IPR Accounting is partnered with Unleashed…  Read more

6 Essential Accounting Terms for Small Businesses

Hiring an accountant is widely considered best practice for small business owners.  But delegating financial analysis and reporting doesn’t mean completely checking out of the process each month or quarter. On the contrary, it’s recommended that business owners work closely with their accountants throughout the year to better understand their financial position, and make smart plans for future growth. Want to increase your accounting knowledge so you can have more…  Read more

Bookkeeping Services Melbourne

Bookkeeping Services Melbourne Are you looking for Melbourne Bookkeeping Services? Look no further! Here at IPR Accounting we are experts in Bookkeeping. As well as that; we are Registered BAS Agents, and so can lodge your BAS lawfully. We do Payroll (which now uses the Single Touch Payroll method) as well. Essentially, everything that your growing business might need, we can do. Are your accounts up to date, or are…  Read more

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