Unless you have bookkeeping qualifications or experience, it is highly recommended to engage a bookkeeper to assist you with the financial management of the business. An expert in Xero Bookkeeping will ensure timely processing of transactions, GST and tax obligations are met, you receive regular financial reports and save you money on your year-end accountant bills. Our extensive experience will also provide you with practical advice to build and improve your business.

Accountants and bookkeepers provide different services inside of a business. A bookkeeper will manage and keep track of the flow of money in and out of a business, which many accountants don’t do – therefore the services we provide are ongoing. We also prepare the information needed by accountants for tax purposes, and often work with an accountant to ensure a client’s records and reports are correct.

Because the ATO has set a threshold of $82.50 ($75 plus 10% GST), it means that if you want to claim a GST credit you need a correctly rendered tax invoice/receipt. Diary entries or invoices can be used where you can’t get a tax invoice or cash register docket, usually for lesser amounts. EFTPOS receipts are generally not enough unless you write a description of the items purchased on the back of the docket. Read this guide, then call Cameo to discuss.

Yes. Payroll is complex, because you need to comply with employment and taxation law. Cameo Bookkeeping provides payroll services and managing the process from beginning to end, as well as handling employee set up and financial year end financial and payment summaries.

A grant refers to funds provided in the name of achieving a purpose like a community project, innovative product, initiative etc. In these cases, maximum funding is specified, there is a very clear and specific funding agreement and responsibility for the funds is essential including reporting on usage.

A tender on the other hand is a bid to provide goods or services to a customer on a one-off or ongoing basis. These tenders are usually price or performance driven and come with a very detailed contract that the winner of the tender must stick closely to.

Yes. We work closely with other business and professional service providers, so we can refer you to the relevant personnel who can assist you. Our partners can assist in accountancy, recruitment, legal advice, website development and digital marketing, finance broking and more. Visit our Professional Network for more information.

Yes, providing that they are also a registered BAS Agent. A registered BAS agent has met the governments requirements for qualifications, experience, good character and insurance, so you can be sure you are obtaining services from reputable agent.

To check whether your bookkeeper is a registered BAS agent, go to www.tpb.gov.au and search the register.

Generally, no they can’t.

To lodge a tax return on a client’s behalf a bookkeeper or Accountant must be a registered Tax Agent. A registered tax agent has met the governments requirements for qualifications, experience, good character and insurance.

Your Accountant will usually be a registered tax agent and will be able to lodge your tax return for you. To check whether your Accountant is a registered tax agent, go to www.tpb.gov.au and search the register.

Yes, we can. At Cameo we use a receipt scanning program called Receipt Bank. We can give you access to this program via an app, and it is as simple as using the app to take a photo of the receipt. All the rest is taken care of, and you don’t need to keep endless amounts of paperwork.