Bookkee Account Specialists

25/03/2024

Bookkee Account Specialists are now taking enquiries for new clientele.

Make contact today!
E: [email protected]
T: 0458 012 170

Xero Accounting Software Services
• Data Entry
• Bank Reconciliation
• Accounts Payable
• Accounts Receivable
• Payroll
• Superannuation
• IAS and BAS Lodgement on your behalf
• Monthly Reporting and Statistics
• HR Document Development
• TPAR Annual Reporting
• Submit QLeave Annual Returns
• Budget Development and Implementation
• Xero New Account Set Up

14/03/2024

It’s a sign of the times as inflation is at a 40-year record high, and companies that make some of your favorite foods, cleaning products and household goods are seeing their production costs rise as a result.

These companies can pass the costs on to consumers by raising prices. Or they can do something a bit more sneaky: shrink the contents of a product to maintain the same price — a phenomenon known as “shrinkflation.”
🍪🍪🍪🍪🍪🍪🍪

https://www.marketwatch.com/story/honey-i-shrunk-the-supermarket-why-some-of-your-favorite-products-are-getting-smaller-11639604415?link=sfmw_fb&fbclid=IwAR1TX-d9D7l-xG_e9nIvfuwEjHz03ufBcZWL3c0DooFx_qqGOOUoyH7XHPE

13/03/2024

📌 [email protected]
☎️ 0458 012 170

13/03/2024

Business resilience describes an organization's ability to respond and adapt quickly to disruptions or significant, unplanned changes that could threaten its operations, people, assets, brand, or reputation.

💎The Seven Pillars of Resilience

To enhance business resilience, leaders and their employees should consider the seven pillars of resilience:

1. Optimism: Crisis management is based on the belief that challenges are temporary and can be overcome. This includes the belief that events can be influenced.

2. Acceptance: To overcome challenges, it is first necessary to accept them. Only those who have a full overview of problems can initiate further strategic steps.

3. Solution orientation: Resilient companies can act effectively and in an agile manner in difficult situations and look for solutions.

4. Self-regulation: It is important to focus on one's own strengths and weaknesses and identify areas for improvement in the future.

5. Taking responsibility: Resilience involves taking responsibility for one's own choices and consequences.

6. Network orientation: A stable network is essential for coping with difficulties.

7. Planning for the future: Through effective risk management, resilient companies can avoid or at least manage negative events should they occur.

Prepare, withstand, recover and adapt. Ensure that your operational resilience and business continuity management processes are able to support your customers and meet your regulatory requirements.

https://hbr.org/.../a-guide-to-building-a-more-resilient...

https://www.bcg.com/capabilities/business-resilience

Discover the definition of business resilience and learn how to build a strong and adaptable business with our expert tips.

11/03/2024

"If there were no debt in our money system. There wouldn't be any money.💰💸⚖️

Marriner Eccles - Governor of the Federal Reserve

This is a clip from the documentary "Zeitgeist : Addendum" explaining how money is created via Fractional Reserve Banking.Watch the entire documentary by vis...

11/03/2024

Think Differently🤯

09/03/2024

How unusual is this gold-price surge?
Gold on Thursday set its 4th new London PM benchmark record in a row at $2153.45. Based on that figure, and in US Dollar terms, gold has now risen by:

Week-on-week 5.2%
1-month change 5.5%
13-week change 5.8%
1 year change 17.9%

Unusual? Short term, yes. Gold's move has been dramatic, reflecting the sudden jump in speculative bullishness. Week-to-week, that rise of 5.2% comes in the top 3% of all weekly moves since 1969 (including price drops).

But on average, weekly gains of this size (between 5.0% and 5.5% in US Dollar terms) have been followed by 1-month gains of 2.4% mean and 1.2% median across the past 55 years; looking at just the past 2 decades, such rises then saw 1-month gains of 0.5% mean and 1.3% median in the Dollar gold price.

Moreover, and compared with the big historic peaks in the gold price, today's move doesn't look anything like the 'blow-off' tops which have marked multi-year highs in the past.

Yes, this week has seen fireworks. But it's come from a strong and solid base, rather than off relentless firework gains across the past month, quarter or year.

https://www.bullionvault.com/gold-news/opinion-analysis/gold-price-record-all-time-high-bull-market-030820241

https://www.morningstar.com/news/marketwatch/20240308372/heres-why-gold-bitcoin-and-stocks-are-all-hitting-new-highs

09/03/2024

On Tuesday at 9:55 am, bitcoin surpassed $69,000 USD for the first time in its tortured 15-year history. The milestone comes 848 days after its previous peak on November 8, 2021. During the ensuing months and years, the industry dealt with a harsh bear market that caused the asset’s price to drop by more than 80%, leading to more than $2 trillion in value being wiped out from the total crypto market.

The price of bitcoin has been surging leading up to its halvening. What should investors do now?

09/03/2024

On 25 January 2024, the government announced changes to Individual income tax rates and thresholds from 1 July 2024. These changes are now law.

— Reduce the 19 per cent tax rate to 16 per cent (for incomes
between $18,200 and $45,000).
— Reduce the 32.5 per cent tax rate to 30 per cent (for incomes
between $45,000 and the new $135,000 threshold).
— Increase the threshold at which the 37 per cent tax rate applies
from $120,000 to $135,000.
— Increase the threshold at which the 45 per cent tax rate applies
from $180,000 to $190,000.

09/03/2024

"In Robert Kiyosaki’s book, Rich Dad Poor Dad, he shares a strategy that involves paying yourself first. That is, before you pay taxes, bills, loans, etc., make sure to pay yourself by putting 10, 15, or 20% of your income away automatically into savings the moment it arrives. Then, you pay your obligations, and you learn to live on what’s left. According to him, most people do it the other way. They pay everyone first and then save if anything is left.

His point is that we work so hard for that income and then we don’t even pay ourselves (savings) until everyone else has been paid. This is quite discouraging. Of course, we know the government takes their cut before that automatic savings deposit, however, the point is to make sure to put something away for your future, ASAP.

I started practicing that as soon as I read it and reverse engineered how to live on and enjoy what was left. Doing that for years allowed me to create a financial runway to reinvent myself again.

However, I also wondered if this idea applies to other areas of our life. And it occurred to me that it applies to morning routines as well. As I reflected on that idea, I realized that my morning routines (documented here) have almost always “paid me first.” That is, before I started my official workday, I had already paid myself some combination of a great workout, some reading, a great breakfast, progress on a personal goal, meditation, etc.

When you start your day by doing something for yourself, you effectively pay yourself first."

https://rogerosorio.com/thejourneytoreinvention/why-i-pay-myself-first-every-day/

https://www.thrivent.com/insights/budgeting-saving/what-does-it-mean-to-pay-yourself-first #:~:text=What%20is%20a%20'pay%20yourself,%22gone%22%20from%20your%20budget.

09/03/2024

We'll take care of your bookkeeping, so you'll have more time to take care of you.

10. Make Your Health a Priority
“Finances and health are nearly impossible to separate,” writes Kate Underwood in another Due post. “After all, health care costs money, and making money is a lot simpler when you’re healthy. You may be thinking you just don’t have time to focus on healthy habits like a balanced diet, exercise, or sleep.” However, “you might change your mind if you consider the many financial reasons to prioritize your health.”
To begin with, when you’re healthy, you’re less likely to get sick and miss work. I know that’s a big deal when you’re a freelancer. If you skip a day of work, you’re not making any money. If you’re employed by someone else, missing too many days of work could prevent you from landing a raise or promotion.

Secondly, there are long-term ramifications. With the rising cost of healthcare, taking care of yourself today can reduce these expenses tomorrow. Therefore, make getting enough sleep, eating a nutritious diet, and doing regular exercise a priority.

BrightPersonal FinanceBudgetingEarning Money10 Habits That Drive Your Financial GrowthHaving multiple income streams is a powerful wealth-building tool. (Ghing/Shutterstock)By Entrepreneur7/1/2022Updated: 7/2/2022Print By John RamptonUnless you’re in the small percentile of people who have receive...