Resources

As a business owner, you wear many hats. You’re the visionary, the marketer, the sales guru, and often, the chief everything officer. But somewhere in that whirlwind, the essential task of bookkeeping can become a daunting chore, easily pushed to the back burner. If you find yourself nodding along to any of these signs, it’s a clear indication that it’s time to consider partnering with a professional bookkeeper, like those

When you’re running a small business, it’s easy to let the books fall to the bottom of your to-do list. But poor bookkeeping can lead to expensive mistakes—missed deductions, unpaid tax bills, cash flow crises, or even ATO audits. At Indigo Bookkeeping, we’ve seen how avoidable errors can cost small business owners thousands. Here are the most common (and costly) bookkeeping mistakes—and how to avoid them. 1. Mixing Business and

Good record keeping is more than just a best practice—it’s a legal obligation for Australian businesses. Whether you’re a sole trader, partnership, or company, the ATO expects you to maintain accurate, complete records for every financial transaction. At Indigo Bookkeeping, we help businesses stay compliant, organised, and audit-ready. Here’s what you need to know. Why Record Keeping Matters Record keeping isn’t just about tax time. Well-maintained records help you: Legal

For every business with employees, issuing accurate and compliant payslips isn’t just good practice—it’s a legal requirement. At Indigo Bookkeeping, we know that small errors can lead to big consequences. Here’s what you need to know to ensure your payslips meet Australian standards. Why Payslips Matter Payslips provide employees with a clear record of their earnings, tax, and superannuation contributions. They also serve as vital documentation in the event of

If you’re running a business in Australia and registered for GST (Goods and Services Tax), issuing tax invoices correctly is not just good practice—it’s a legal requirement. As bookkeepers, we regularly guide clients on how to stay compliant with ATO (Australian Taxation Office) standards, and ensuring tax invoices meet the necessary criteria is a key part of that. What Is a Tax Invoice? A tax invoice is a document issued

Single Touch Payroll (STP) is the ATO’s digital reporting system that requires employers to report wages, PAYG withholding and superannuation every time they pay their staff. Since the introduction of STP Phase 2, employers must now report more detailed payroll information to ensure government agencies receive accurate, real-time data. At Indigo Bookkeeping, we help businesses stay compliant and confident with their payroll obligations. What Is STP and Why Does It

Did you know you can legally store all your business records electronically in Australia? Under the Electronic Transactions Act 1999, businesses are permitted to keep records in digital form. While some documents may still be kept in hard copy, most business records can—and should—be stored digitally to streamline operations and improve efficiency. What Counts as a Business Record? A business record is any document that explains, validates, or tracks your

If your business is registered for GST in Australia, lodging a Business Activity Statement (BAS) is a regular and essential part of staying compliant with the ATO. Whether you’re new to business or need a refresher, here’s everything you need to know—written in plain English. What Is GST? Goods and Services Tax (GST) is a 10% tax on most goods and services sold in Australia. While consumers ultimately pay the