Banks Bookkeeping Services

05/09/2026

That extra 10% sitting in your bank account isn’t extra income.

GST collected on your sales is generally money you’re collecting for the ATO.

GST paid on eligible business purchases may reduce the amount you owe.

The problem?

If you spend the GST you’ve collected, you could be short on cash when your BAS payment is due.

Set the GST aside as you collect it so the money is there when you need it.

Need help with tax planning or keeping your books up to date?

Book a call using the link in our profile to learn more about our services.

04/09/2026

September is a perfect time to get your books organised before the next quarter.

Here’s what to check off your bookkeeping list this month.

Swipe to learn more!

Falling behind? Let’s get those books off your to do list.

Book a call using the link in our profile to learn more about our services.

04/09/2026

Lodging a tax return is one thing. Understanding what comes after is another.

Many business owners submit and move on — but the post-lodgement process has a few important steps that are worth knowing about. Processing typically takes around 12 business days. Your return status is trackable through myGov. Your Notice of Assessment tells you exactly where you stand. And if you spot an error, there is a straightforward way to amend it.

Our latest blog covers all of this in plain English, including how to tell the difference between genuine ATO communications and scam messages — something that's become increasingly important.

https://www.banksbookkeepingservices.com.au

03/09/2026

The best investment depends on where your business is now and what will help you reach your next goal.

What would you do with an extra $10K?

02/09/2026

Break even is the point where your revenue covers your business costs. You’re not losing money, but you’re not making a profit yet either.

Knowing your break even point can help you:

- Set realistic revenue goals
- Price your services more confidently
- Understand how much you need to sell
- Plan for profit, not just revenue

Not sure what your numbers are telling you?

Let’s get your books organised so you can clearly see where your business stands.

Book a call using the link in our profile to learn more about our services.

01/09/2026

We’re almost through Q1 of the financial year, making September a great time to refresh your business finances, check your progress and make sure you’re on track for the months ahead.

This month, take time to:

- Review your August numbers
- Get your books up to date
- Review your revenue and profit goals
- Check your cash flow
- Prepare for upcoming BAS, super and other obligations

What’s one business goal you’re working toward this September?

31/08/2026

31/08/2026

Before August ends, check off these 5 financial tasks for your business.

Swipe left to learn what they are and why they matter.

Ready for clean books, better cash flow and less financial stress?

Book a call using the link in our profile to learn more about our services.

30/08/2026

Salary, drawings or dividends? The right option depends on your business structure.

How you pay yourself depends on your business structure.

- Sole trader: Take owner's drawings. You're taxed on your business profit, not your drawings.

- Partnership: Partners usually take drawings and pay tax on their share of the partnership profit.

- Company: You may pay yourself a salary, director fees and/or dividends. Each has different tax and super obligations.

- Trust: You may receive a salary if employed by the trust and/or beneficiary distributions, depending on the trust deed.

Here are some planning tips for FY 2026–2027:

- Choose a payment method that matches your structure.
- Make sure payroll, PAYG, super and STP obligations are met.
- Keep drawings, wages, dividends and distributions clearly recorded.
- Review your pay based on profitability, cash flow and business growth.
- Speak with your accountant or registered tax agent before making changes.

Need help staying tax ready all year? Book a call using the link in our profile to learn more about our services.

29/08/2026

Mountain escape or coastal retreat?

Drop your answer in the comments below!