Blog

What’s in it for you and your business? The 2022/23 Budget was handed down last night by the government. While there was some targeted, boutique assistance for small business, the Budget was very much focused on addressing cost of living pressures faced by individuals and families. In a departure from recent years, the Budget was […]

On-boarding new employees With Australia now opening back up after the COVID restrictions, unemployment is tipped to fall to the lowest rate in just over 50 years – down to under 4%. If over the coming period you hire new staff, there are certain steps you should follow to cover off on your tax, workplace, […]

Have you obtained your director ID? Make sure you do. The director identification number (director ID) regime is now in place with Australia’s newest company directors having to comply first. Director IDs are a unique 15-digit identifier that a director will apply for once and will keep forever, similar to a tax file number (TFN). […]

New laws to improve the way super is divided in divorce A new law will level up the playing field for divorcing couples to ensure both partners have fair and equitable access to superannuation, particularly during acrimonious family court proceedings. For many Australians, superannuation is their second biggest asset aside from the family home. In...

On the road – How to treat work-related travel and living away from home costs. The ATO has released new guidance to help clarify the tax treatment of costs and allowances incurred when an employee travels – or spends time living away from home – for work. Certain conditions need to be met to ensure […]

What the new Your Future, Your Super means for you Recent legislative reforms to the superannuation arena are set to change the retirement savings landscape for many Australians. The Federal Government says the Your Future, Your Super reforms will help ensure superannuation works in the best financial interests of all  Australians by removing...

Avoid common mistakes in your business return, and include appropriate income We know you want to get your tax right, so it may help you this tax time to know how to avoid making what the ATO has found are the most common tax mistakes. To do this make sure you have: – declared all […]

The tax treatment of cryptocurrency Cryptocurrencies, once again surging in popularity, have a unique tax treatment that every taxpayer dealing with cryptocurrency should be aware of. It’s been more than 10-years since the advent of bitcoin and the term “cryptocurrency” entered the public consciousness. However, neither bitcoin nor the many...

The Government has decided not to go down the austerity path, which will be a relief for many taxpayers and businesses. Rather, the Government has decided to put its foot on the accelerator with the hope that the growth in the economy over a long period of time will help to pay down the debt […]

EOFY tips for your tax plan The financial year is almost over, but there are still effective strategies you may be able to put in place. The aim is to make sure you pay no more tax than you have to for the 2020-21 year and maximise any refunds you may be entitled to. This […]

April Newsletter 2021

Tax planning in 2021 will be a little different this year. As part of Xero’s Education Month, we are offering a webinar to give accountants and bookkeepers peace of mind as we head into April.

From better client relationships to faster data retrieval, we reveal the true strategic benefits of automated workflows – and why it’s so important.

March Newsletter 2021

This month, we’ve focused on enhancing our existing products on the Xero platform. Our teams use the ‘test, learn, refine’ principle to continuously improve the features you use every day, so you can streamline your accounting work and grow your business.

The ongoing challenges with COVID-19 restrictions and lockdowns hasn’t been easy on our teams, and continues to impact our customers and partners around the world.

There are still many unknowns ahead, but there are some things small businesses can start to plan for – these include a number of developments set to impact payroll in 2021.

February Newsletter 2021

None of us can predict what 2021 will hold—but it’s guaranteed that digital adoption will continue to have a transformative role on the way we do business.

A handbook, alone, won’t cut it. Ongoing training is key

December Newsletter 2020

Ahead of the festive season, we conducted a survey analysing the shopping intentions and behaviours of 1,000 Australians, and how they feel about purchasing from small businesses for Christmas presents this year.

The South Australian Government is providing a second round of grants to eligible COVID19 affected small businesses in SA.

November Newsletter 2020

We all know small business owners have been pivoting fast, planning ahead and working to excel across all areas of business. That’s not an easy task at any time.

The omnibus bill containing a raft of the federal budget’s tax measures has now been passed by both houses of Parliament.

The average debtor days for accounting firms is significantly higher than the average for other sectors. Fortunately, there are simple ways for accountants to reduce debtor days and improve cash flow.

The challenge set for the Treasurer in this Budget was to deliver a plan to jumpstart the economy out of hibernation, by encouraging jobs, investment and household spending.

Product releases 10.2020

The basic definition of empathy is that firstly, you have the ability to recognise, understand and feel the emotions of other people