Single touch payroll is the new way wages paid by businesses and a more simplified way of reporting your tax and information to the ATO. It is a legislative requirement which has been in place since July 2018 for companies…

Getting the most out of your accountant is like building any other valuable relationship – it takes open communication, clear expectations, and a willingness to collaborate. Here are some tips to maximize your accountant’s expertise and value to you: Before…

DPS Accounting Solutions will be closed from Monday 16th December until Tuesday 14th January for the break. Happy Holidays!

Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…