Xerocon 2017: Wrapped

CraigCloud Accounting, General

Last week Stu packed up and headed south of the border to chilly Melbourne, for Xerocon 2017. We joined other accountants and finance professionals to hear loads of exciting announcements, updates and innovations for advisors (that’s us!) and end-users (that’s you!) across the two-day event. Overall, Xero in 2017 and beyond is continuing its quest to be a more automated … Read More

2017/18 Budget changes that may affect your business.

StuartGeneral

The 2017-18 Budget has been sold as a Budget of “choices”, with the Government making some clear-cut decisions about who to reward and who to penalise. While there’s much to be said about the complete budget, we’ve reviewed the key highlights that may affect your business. Want a printable version of this infographic? Click here.   To view the full … Read More

The relationship between profit, tax and cash.

StuartGeneral

  Want a printable version of this infographic? Click here.   Need help managing your profit, tax and cash flow?   Let’s talk. Love the blog? Subscribe to receive it fortnightly.   What do you think? We would love to hear your thoughts! Feel free to submit your comments below or comment on our Facebook Page or Twitter.

The four keys to successful business planning in 2017

CraigBusiness Process, General

As the New Year rolls over and we go full steam ahead, forward planning can be forgotten. To appropriately plan your calendar year in business there are four key areas that should be kept top of mind. Four key things to consider in 2017   Key dates From Business Activity Statements, to PAYG statements, to Super Guarantee Contributions, to tax … Read More

Wrapping up the year that was and looking toward 2017 and beyond

CraigGeneral, Super, Tax

As we round out another year, we’re excited by what 2017 holds for business. There’s change in the air and it only means good things for you. Looking back at the year that was, there are 5 significant changes that occurred this year that will shape 2017 and beyond for you.   Small business and company tax breaks The Government … Read More

The Great Car Debate: Buying And Financing A Car For Your Business

CraigGeneral

Deciding to purchase a car is a big decision. While there are different options and pros and cons associated each, you must consider your circumstances before making a commitment. While most consider the financial factors, it’s important to also consider why your business is purchasing the asset and how long you intend to keep it.  Finance and Purchasing The pros … Read More

EOFY TO DOS: How to prepare an employee payment summary

StuartBusiness Technology, Cloud Accounting, General, Tax

Under pay as you go (PAYG) withholding, you must give each of your employees a payment summary showing the payments you have made to them and the amounts you withheld from those payments during a financial year. Preparing your employee payment summaries in Xero If you’re on Xero, providing your employees with their payment summaries and submitting them to the … Read More

Company funds Vs. Personal funds: withdrawing money the right way

CraigGeneralLeave a Comment

  Many newly incorporated companies that have previously been sole traders find it difficult to distinguish between company money and personal money. As a company director, you’re entitled to receive some form of income such as a salary. However, unlike a sole trader you can’t simply withdraw money whenever you like and use it for personal expenses. This is in … Read More

BUDGET 2016/17: A Budget Of Targets

CraigGeneral, TaxLeave a Comment

As the Treasurer foreshadowed, this is a budget of targets – a big, long-term crafted budget designed to give enough pre-election glow but with structural measures to reign in spending and reduce concessions. Highlights included: Company tax rate reduced to 25% over 10 years Increase in tax discount for unincorporated small business to 16% over 10 years Small business entity threshold increase … Read More