Category Startup

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Payment Summaries are now called an Income Statement

Single Touch Payroll – Could it be the biggest adjustment to Australian Businesses since Good & Services Tax (GST)? The Australian Taxation Office recently introduced Single Touch Payroll (STP), this is a new legal requirement to report salaries and wages, PAYG withholding and superannuation via STP-enabled software to the ATO each time you are paid

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Franking Credits Proposal

Hot Election Topic explained  – Franking Credits Proposal What is the proposal? The House of Representatives Standing Committee on economics has announced an inquiry in the implications of removing refundable franking credits. The inquiry is going to report on the use of franking credits and who franking credits support and who would be impacted if

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ATO Text Messages

Australian Taxation Office Text Messages Over the last week we have been contacted by some concerned clients who have received  ATO text messages.  The ATO recently advised they will contact taxpayers via text message for overdue form lodgements or overdue payments of GST or Income Tax. However, the ATO will never ask you to respond via

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Incentives for Investing in Startups

The Federal Government recently announced a raft of new initiatives under their “National Innovation and Science Agenda” which you may have seen advertised on television.  One of these initiatives was incentives for anyone who invested new equity capital in an eligible startup business.

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Xero Hesitation: 10 reasons we keep recommending Xero to our clients

“What’s the best accounting software for my business?” As accountants we’re asked that a lot. And for most small- and medium-sized businesses the answer is, without hesitation, Xero. Why? Because we think it’s the best accounting software currently available. And here are ten reasons why we keep recommending it to our clients. Easy to use

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3 Key Reasons To Use Chaser Accounting Software: Improve Cashflow and Reduce Debtors With Ease

Taking control of your cashflow and managing debtors are challenging elements to running a successful business. Reminding people to pay you on time is a crucial function in a business, yet often business owners are so busy that they overlook it. Sure, you could hire staff to chase up and remind your debtors for you,

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4 Ways To Avoid Data Entry: Receipt Bank Accounting Software Saves Time and Money

We love the Xero cloud accounting platform, but one of the reasons for that is not just the Xero app itself: It’s the ‘app eco-system’ of addon partners that provide specialist software programs that integrate simply and easily with Xero. These addon apps help you to improve efficiencies and information flow in your business.

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