LATEST NEWS & ARTICLES

Xero changes things up with a new navigation

In the last week of November, Xero will roll out their new navigation – Helping you get a simple, beautiful experience. This is so everyone can get on with daily tasks easily and efficiently. It’s based on research and testing with hundreds of people – Including...

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Casual Rates to change…. AGAIN.

If the constant new court decisions about casual employees aren’t confusing enough, a Fair Work Review will now see employers fork out higher penalty rates for casual retail workers. The change will take effect from 1 November 2018 – just in time for the Christmas...

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Don’t just reverse the risk – remove it

Consider this fundamental point in business; whenever a customer makes a purchase, they take a risk that the product or service will work. When you think about it logically, the fact that they’re taking a risk must hamper the decision-making process. In a lot of...

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The Costs & Pitfalls of DIY Business Structures

While you think you’ll save a few dollars going online to set up a company or trust yourself, the DIY approach is a false economy.    Like most accounting firms, we use specialist providers for business structures to ensure we understand the contents and workings of...

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Doing the Rounds: Scams targeting ASIC customers

Scam emails are not current news, and ones from ASIC have been circulating for a good couple of years now. We've been alerted recently from a few clients that they have received some odd correspondence from ASIC, and from this we can confirm that another one is doing...

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Time for a change…and quickly!

Ever heard the expression “time is money”? Well, it’s never more true than when it comes to making changes to your business. While change is not something that most people embrace quickly or open-heartedly, if it’s done too cautiously it can flatten revenues, eat...

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ATO guide to the 5 most common Tax Time mistakes

As Tax Time 2018 has 'kicked off', the ATO has profiled the five most common mistakes and the personalities most likely to have tax time troubles. The  top  five  mistakes  include  taxpayers  who are: leaving out some of their income (e.g., forgetting a temp or cash...

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Taxable Payments Annual Reports due 28 August

Are you in the Building & Construction Industry??   If so, have you completed your Taxable Payments Annual Reports for your contractor payments due for lodgement by 28 August 2018. The Taxable Payments Annual Report is a report required by the ATO detailing contactor...

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Xero Users – Why you really need 2 Factor Authentication

A couple months ago, Xero made it compulsory for all Xero Partner’s to have two-step or two-factor authentification on their logins. And whilst we all rolled our eyes and were a little bugged about the additional step we now needed to complete upon logging in daily to...

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Tax Time 2018: Overview of Key Changes

The ATO has released key changes and new measures to be aware of for your 2018 Income Tax Return. As always, if you need any clarification or more information, contact your advisor at our office on (07) 3862 8777.   Corporate tax rate – base rate entities   From...

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2018 Federal Budget – Key points for you!

2018 Federal Budget Release - Key points for YOU! Please see below a quick and easy run through of changes that might affect you in regards to;  Personal Income Tax GST Business Farmers & Regional/Rural Aussies Superannuation Personal Income Tax Changes If...

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Tax Minimisation and Planning

Tax Minimisation & Planning. Strategies to Minimise your Business Tax. Remove those nasty surprises that come at Tax Time and take action NOW! Investing in Tax Planning can save you significant time and money. And that is why it is one of the most valuable...

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April 2018 – Industry Updates

Industry Updates - April 2018 From National Tax & Accountant's Association. We’ve assembled some important updates for April 2018, from National Tax & Accountants’ Association to help you stay in the loop of accounting and tax updates for you and your business.  New...

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10 Best WorkflowMax Features for Xero Users

10 Best WorkflowMax Features for Xero Users Originally published by Xero. “It’s a life saver. All you need is those two systems – WorkflowMax and Xero to run an effective agency.” – Mary Ellen Davy, Ellen&Ellen agency   Xero users are savvy, clever, and...

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It’s time to get ready for Single Touch Payroll

It's time to get ready for Single Touch Payroll Originally published by ATO. From 1 July 2018, if you have 20 or more employees, you'll need to use Single Touch Payroll-enabled software to report your tax and super information to us. You'll need to report...

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