Have your books gotten into a mess? Here are our top tips for getting back on top of things: Simplify your bank accounts. The easiest way for books to get in a mess is by using multiple bank
Small business owners deal with many issues on a daily basis. Between managing staff, suppliers and customers, running a business can be quite stressful. Around 45 per cent of Australians aged 16-85 will experience a common mental health-related condition in
Small businesses with a turnover of less than $10 million from 1 July 2016 can write-off assets costing less than $20,000 each up until 30 June 2018. Under the simplified depreciation rules you must immediately write-off most depreciating assets costing
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
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
Some Australian small business owners may now be able to apply the small business restructure roll-over concession upon restructuring their small business. A key decision when starting up your own small business is deciding on the structure you will use.
Amongst the endless torrent of new technology, a small group of tools holds the potential to genuinely transform how you work. Do you find yourself regularly working late on emails? Is your to-do list always a mile long? Can’t find
The ATO has identified that businesses in the supermarket, bakery, computer system design and car retailing industries often need more help meeting their tax and super obligations. From July 2016, the ATO will be undertaking audits of employers who continually
This year’s Federal Budget is based on a ten-year enterprise tax plan designed to stimulate more small business activity by boosting new investment, creating jobs and increasing real wages. One of the key features of this plan is that
Sometimes, when a client asks me a tricky question about business planning and budgeting, we look at this. Yes, it’s the crystal ball which I keep on my desk. But seriously, while planning for the future can seem like a
