Accountant for Psychologists Blog Posts

HOW TO BE ABSOLUTELY PREPARED FOR YOUR TAXES

1. Create a Separate Bank Account for Tax Money Setting up a dedicated bank account for your tax savings can help you keep track of how...

KEEP BUSINESS & PERSONAL EXPENSES SEPARATE

Here are three really good reasons to make sure your business and personal money is kept separate. Tax Compliance Separating business and...

Making a Website for your Psychology Business

The first thing a potential client will do is to google you, and if you have a website and a LinkedIn profile you’ll be in total control...

Deductions for Seminars, Conferences & Training Courses

The golden rules for claiming deductions relating to a seminar, conference or training course are: You must have spent the money yourself...

Working From Home Tax Deductions

How to claim tax deductions for Working from Home If you work from home to fulfil your employment duties, not just carrying out minimal...

2024 Budget Overview

The Budget and how it may affect You In this article Electricity Rebate Changes to HECS-HELP debt Stage 3 Tax Cuts Changes to Paid...

5 Tips to Simplify Bookkeeping

Bookkeeping is an essential part of running a successful business. It’s more than just keeping the score, it’s about having access to...

Electric Vehicle Incentives from Federal & State Governments

Good news if you’re thinking of buying an electric car. You can buy it through your business if you are operating as a company or trust...

A Waiting List for a Psychology Business - 8 things to consider

Providing timely and effective mental health services is crucial for the well-being of clients. However, due to the high demand for...

What exactly is a BAS statement?

A Business Activity Statement (BAS) is a form that businesses in Australia are required to submit to the Australian Taxation Office (ATO)...

Professional Indemnity Insurance for Psychologists

Professional Indemnity Insurance (PII) protects you and your business against claims for alleged negligence or breach of duty arising...

How to change your accountant in 4 simple steps

Making the decision to change accountants can be a significant step for a business. But rest assured, it's a common practice and a...

6 ways Psychologists can Manage Risk

When running a service-based business like a psychology practice, managing risk is crucial to protect yourself and your clients. Here are...

Key Considerations for Psychologists Choosing Accounting Software

As a business owner, you already have a lot on your plate, juggling different roles within your company. One important role that cannot...

What to do if a psychology client doesn't pay their fees?

The most satisfactory way to deal with this is by putting preventative measures in place to prevent it from happening! Prevention From...

5 Rules for Tax Record Keeping

A record explains the tax and super-related transactions conducted by your business. There are five record-keeping rules based on law and...

6 Essential Tips for Psychologists Choosing Record-Keeping Software

1. Ease of use: Choose software that is user-friendly and easy to operate. Look for software that has an intuitive user interface,...

End of year sales and tax deductions

Good news if you’re heading to the end-of-year sales! You can claim a deduction on a handbag, laptop bag, briefcase or luggage that you...