business

Blackwood Bookkeeping Named Finalist in the 2026 Karbon Excellence Awards

We’re proud to share some exciting news – Blackwood Bookkeeping Solutions has been shortlisted as a finalist in two categories in the 2026 Karbon Excellence Awards. We have been recognised in the following categories: Balance & Culture – recognising firms that foster healthy work habits, strong team motivation, and a culture where people feel supported […]

What the New BAS Agent Rules Mean for Your Business

There’s been a quiet but important change in the bookkeeping world – and it’s something that could really impact your business if you’re not working with the right team. As of 1 July 2024, the Tax Agent Services Act (TASA) has introduced new requirements for BAS Agents, including the need to implement and maintain a […]

Celebrating Women in Finance

This International Women’s Day, we take a moment to celebrate the incredible women in finance – those who are reshaping the landscape of bookkeeping, accounting, and financial planning. At Blackwood Bookkeeping, we see firsthand the impact women have in driving financial clarity, business growth, and innovation. Women in Finance: A Force for Change The financial […]

ATO Debt Collection: What Small Businesses Need to Know

As a small business owner, you might have noticed the ATO debt collection took a back seat on during COVID-19. However, things have changed. We’ve seen the ATO switch gears towards a more proactive approach to collecting unpaid GST, PAYG and superannuation. It’s essential to stay ahead of these changes to avoid financial stress and […]

New beginnings

Reflecting on 22 Years of Growth, Challenges, and Exciting New Beginnings After 22 years of running Miss Efficiency, we’re excited to announce a new beginning – Miss Efficiency has been acquired by Blackwood Advisory and has become Blackwood Bookkeeping. It’s been a remarkable and challenging ride, filled with ups and downs, milestones, and countless lessons […]

Unpacking the 2024 Federal Budget: What you need to know

When Treasurer Jim Chalmers handed down the 2024-25 Federal Budget on 14 May 2024, it was clear that the government had a diverse range of objectives. From offering tax cuts to supporting vulnerable groups, the budget is packed with measures aimed at stimulating economic growth and providing relief. Let’s unpack the key points from this […]

Unlocking the Balance Sheet: Your Path to Financial Clarity

Are you ready to take your business to the next level? Do you want to unlock the secrets hidden within your financials and pave the way for growth and profitability? If so, you’re in the right place! Welcome to our upcoming webinar on Unlocking the Balance Sheet. In this transformative session, we will delve into […]

Navigating Overwhelm

Running a small business is undoubtedly rewarding, but it comes with its fair share of challenges and navigating overwhelm is one of them. If you’re starting to feel overwhelmed, here’s a game-changer for you: implementing effective financial systems throughout your business not only helps reduce the overwhelm, but they give you valuable insights into your […]

Optimise Your Business Finances

In the fast-paced world of small business ownership, the challenge of managing finances can be overwhelming and the key is to optimise your business finances. Today, let’s explore the significance of outsourcing your bookkeeping and why it might be the key to unlocking the full potential of your professional services business. Time vs. Expertise: As […]

Directing employees to take annual leave over Christmas

It is coming to that time of year again where Christmas is around the corner and the New Year follows shortly thereafter. While it is commonly a time for celebration and an annual vacation, it can be a complex time for us bookkeepers. The complexity comes when working with varying awards or working conditions and […]

Xerocon 2023 Wrap-up in 2 Minutes

Xerocon Sydney 2023 – the learning, the connections, the parties …You can check out my full wrap up blog below. Be warned, it’s quite a read so settle in with a cuppa. Here’s the 2 minute summary.Learning and innovation: Xerocon is presented as a hub of knowledge and learning opportunities. The event featured sessions led […]

Xerocon 2023 Wrap-up

Xerocon – an event full of insightful learning, innovative app partner showcases, invaluable networking connections and vibrant celebrations. Let’s embark on a journey through my highlights of what can undoubtedly be described as the accounting and bookkeeping conference of the year. So fasten your seatbelts as we navigate through my takeaways of this exceptional event! […]

Debt management tips for business owners

As a business owner, managing finances can be a daunting task. Keeping track of expenses, payments, and cash flow can be overwhelming, especially if you’re dealing with debt too. A business loan, line of credit or a business credit card can help your company add to your team, purchase inventory, purchase equipment, and finance growth, […]

Outsourcing payroll – 5 ways it can help you

When you start a business, you’re typically your only employee and payroll is about as simple as it gets. But as you grow, you hopefully find yourself in the position of needing to take on more team members. Before you know it, what was once a very straightforward task becomes a giant undertaking that’s sucking […]

A Beginner’s Guide to a Cash Flow Forecast

Nobody wants their business to fail. Although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. In a nutshell, cash flow forecasting involves estimating how much cash will be coming in and out of your business […]

What the 2023 Federal Budget means for you

The Australian Government unveiled its annual budget this week, which aims to stimulate economic growth, address long-term challenges, and improve social services. The budget is focused on helping with the cost of living, with tax cuts for middle and low-income earners, while also allocating funding to health, education, and small businesses. If you have any […]

Unlocking the secrets of small business cash flow

When it comes to running a small business, maintaining small business cash flow is essential for sustainability and growth. Your business can be incredibly profitable but still ultimately fail because of improper cash flow management. To prevent that from happening, here are some best practices that can help you better manage your cash flow and […]

What is a balance sheet and how does it help me manage my finances?

You’ve likely heard the phrase “in the black.” Your balance sheet is the tool that shows you whether your business is indeed “in the black.” Your balance sheet includes a section for your assets (things you own or will receive that have value), your liabilities (what you owe to others) and equity (retained earnings and […]