TWO SIDES BLOG

The Government is providing temporary cash flow support to small and medium businesses and not-for-profit organisations that employ staff during the economic downturn associated with COVID-19 (novel coronavirus). This will be done through two sets of cash flow boosts d...

The long awaited passing of the JobKeeper legislation has occurred woo hoo. It answers some of our questions but not all as some of the requirements are going to be left to the Commissioner AKA the Australian Taxation Office (ATO).  We understand this is very frustrati...

Do you understand the difference between employee vs subcontractor? It is not as black and white as you may think. Just because someone invoices you with their ABN does not necessarily mean they are a subcontractor.

Why does this matter? Making the WRONG choice can c...

One of the most commonly asked questions is where did my profit go? 

Cash in the bank rarely = profit

It can be very confusing if your business has no cash in the bank and your accountant tells you that you made a profit. 

Cash coming in to the business c...

One of the best ways to market your business is to set yourself up as an expert in your field. Demonstrations, workshops and events are all great ways to showcase your business and to get to know your customer base.


They offer unlimited potential to:  

  • Grow your bu...

When most people hear the word "budget" they think it's a dirty word but it doesn't have to be. A budget put simply is just a plan of how you want your finances to look over a time period. In most cases 12 months is a good time period to start with.

As they say, if you...

There is only a few weeks until the end of the 2019 financial year. By this time, you are probably thinking of getting your current financial year house in order, but wouldn’t it be fantastic if you could also get on top of your cash flow and taxes for the next financi...

Single touch payroll or STP is a new ATO initiative aimed at online payroll reporting. It’s a way for employers to lodge the payroll of employees directly to the ATO every time they process the payroll instead of the end of the year.

Single Touch Payroll deadline of 1...

Preparing end of year accounts is what most people use an Accountant for, but lodging your taxes and preparing your year-end reports is not all we are about. A good Accountant knows what needs to be done to ensure you comply with all your tax obligations, but beyond ta...

The team at Two Sides were super excited to make the Top 50 Cloud Accountants list by Hubdoc for a second year running in 2018. 

Hubdoc is an application that assists business owners, accountants and bookkeepers to automate the data entry of receipts into accountin...