Tag: BAS Agent
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The Trust Account Health Check: A Practical Framework for Sole Practitioners and Small Law Firms
Although many practitioners complete a few business subjects during their studies, managing a firm’s accounts can still be challenging, particularly when trust accounts are involved. In a sole practice or small firm, responsibility for the client trust account ultimately rests with the principal. Month‑end trust reconciliations often appear orderly: the numbers align, the report is…
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Who Does What? Understanding the Roles of Bookkeepers, BAS Agents, Accountants and Tax Agents
It’s completely normal to be unsure about which financial professional does what, especially when you’re starting a new business. Questions like “Can my bookkeeper do my BAS?”, “Does my accountant handle my tax return?”, or “Isn’t it all the same person?” come up often — especially for people starting or running a small business. A…