Cloud bookkeeping services like Xero Accounting are great for all businesses, big or small, and are especially beneficial when combined with a professional accountant. In this article, we explore the benefits of Xero Accounting in detail, so you can gain a better understanding of how it’ll help your business. Free Up Time Xero Accounting can …
Every self-managed superannuation fund in Australia will need to undergo an annual audit prior to lodging their tax return. Choosing the right SMSF auditor for you is one of the most important parts of this process – so here’s all you’ll need to know to get started. What is an SMSF audit? If you run …
A comprehensive medical business plan is integral in achieving both short and long-term organisational goals. This plan should encompass a broad range of strategies, including those around financial management, human resource management and marketing planning. In order to put together a detailed medical business plan, it is wise to enlist the help of a business …
The Department of Health views Medicare compliance as a high priority and has increased its auditing process to ensure Medicare is not being misused by patients or providers. Investigations into healthcare professionals misusing the Benefit Scheme rose by 40%, and practitioners were ordered to repay the benefits paid. No clinic wants their billing processes to …
“But that’s ages away!” we hear you cry. Well, before you know it, the tax man will have thrown open the door on the 2020/2021 tax year and you’ll be wishing you’d prepped a little more. So today, the team at Sandercoe is consulting the winds of tax time and forecasting the best steps to …
How Should The Medical Industry Prepare For The Next Tax Season? Read More »
Would it seem odd to you if Sandercoe Accounting told you they handled their own dental work? It would, and that’s because we specialise in delivering medical accounting services, not fillings. We use this analogy to highlight a common misconception held by start-up medical practitioners. As their business gets off the ground, they believe they …
How Can Medical Accounting Services Help Your Startup? Read More »
Dental Accounting For All Stages Of Your Practice’s Life Got time to down dental tools and look in the mirror? Who do you see looking back at you: a fresh young dental technician? A new practice owner? How about a mature mid-career dentist? Sandercoe Accounting has seen them all. As a dental accounting specialist, we’ve been …
Operating a healthcare business requires an extreme attention to detail and a commitment to generating accurate financial reports. As a result, accounting at healthcare organisations is extremely important. Whilst bad accounting practices don’t always lead to bankruptcy or insolvency, they make a great case as to why it is important to correct any easily-fixed issues …
In simple terms, bookkeeping is the process of recording all financial transactions that take place within or involving your business. If your business is applying and/or utilising correct bookkeeping techniques, you will be able to keep track or your expenses and revenue with ease. By remaining both accurate and up to date on the financial situation of …
Medical Bookkeeping Strategies For Your Business/Practice Read More »
Are your books a mess? Are you searching for an accounting software that will solve your business problems? If so, you’ve come to the right place. Let us help! Two of the biggest names in Australia are MYOB and Xero. MYOB has been around since the early ‘80s. Xero, however, surfaced in 2006 – and …
