Farm accounting is more complex than other businesses when it comes to assets, liabilities, costs and revenue. But with a little thought and planning it’s possible to get into a routine of managing the finances for every aspect of your farm’s operation. Here are 10 points to bear in mind about farm accounting.
Meet Terri Hamilton who works closely with Debbie as OBT’s Client Accounting Support Administrator looking after our clients’ correspondence and queries.
From working with an accounting firm in one of Brisbane’s iconic high-rises to celebrating 20 years as an accountant with OBT, Sue’s career is certainly varied. Read why, as we congratulate Sue Dobinson on Happy 20th Anniversary at OBT!
In response to the coronavirus (‘COVID-19’) pandemic currently impacting the economy and businesses generally, each Australian State and Territory Government has announced relief and other support packages as part of the broader economic stimulus measures. We look at some of the Queensland Government’s key initiatives.
In just three years, they’ve established a boutique hobby business, keeping 400 hives and selling their Native Bee propolis worldwide. OBT Financial Group is helping Mariki and Francois Visser make the transition from bee-ing employees to business owners.
If you work from home right now, remember to keep records and receipts for your home office expenses, along with a record of the hours you work from home. Keeping good records now will help to get your deductions right at tax time. The ATO has a PDF poster you can download to help understand what you can claim.
When Jodie and Aaron Werth had the opportunity to purchase local business Gatton Betta Home Living, read how OBT was on hand to help pre, during and post-purchase.
Decisions made based on data will give your business a distinct competitive advantage. This article focuses on the ideas that really matter and illustrates the importance of accessing and analysing the kind of business data through practical and accessible examples.
Michelle Burling has worked in accounting as well as manufacturing and we are delighted to have her join our team. As a CPA with vast manufacturing and payroll experience, including being an Internal Quality Auditor, Michelle can lend commercial insight to the client support she gives, and is a safe pair of accounting hands whenever OBT’s team needs extra support.
You’ve heard people talk about cash versus accrual accounting, but what is it all about? And why does accrual get all the glory? We take you through the basics.