If you’re a business owner, you’ve probably heard it too: “AI can do your bookkeeping now.” Bank feeds, automation, and artificial intelligence promise faster, cheaper, hands-off bookkeeping. And on the surface, that sounds appealing — especially when you’re trying to save time and control costs. But here’s the honest answer: AI is not replacing professional bookkeepers. Not now. And not ever — at least not if you care about accuracy, compliance, and avoiding expensive mistak

If you receive a supplier invoice and no ABN has been quoted, you may need to do some further investigation before you make any payment. What Is a Statement by a Supplier? A Statement by a supplier is an ATO form used when a supplier does not quote an Australian Business Number (ABN). Without an ABN, payers are usually required to withhold 47%  from the payment and remit it to the ATO with the next BAS. However, in certain circumstances a Statemetn by a Supplier form can be p