The disposal of a depreciating asset may incur capital gains tax (CGT) if the asset has been used for a non-taxable purpose (i.e. private purposes). However, there are a number of CGT exemptions that may apply to a capital gain
Record keeping does not have to be stressful. Read on for the four top-tech tools to let you keep calm and carry on! Here is the link to the article from “Accounting Today”: http://www.accountingtoday.com/opinion/4-tech-tools-to-keep-you-sane-during-tax-season
There are many add-on apps which can be connected to Xero. One of these you may have heard about is “Receipt Bank”. This add-on allows you to use a mobile phone app to snap photos of your little daily expense
