Tax Implications of resource sharing services e.g. Uber & Airbnb
The sharing economy is booming thanks to the far-reaching capability of the internet and the growing use of smart phones. While it might have started as a good way to get a…
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Penalty on Late Lodgements
In the past few months, we’ve found that the ATO has been relentless on those failing to lodge their tax returns (or other documents) on time. An individual has recently been slugged with a combined penalty of $1750 for not lodging their 2014 & 2015 tax return.
Read moreXero 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…
Read moreCrunchBoards Review: Real business advice, in real-time
One of the biggest advantages of working with Xero and the cloud is having instant access to the information you need. Xero’s daily bank feeds provide access to the latest financial data…
Read more3 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…
Read more4 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.
Read moreSurviving & Thriving in Startup
90% Of Startups Fail. Avoid being a statistic on the journey to success. Embrace the mission – The most successful startups have people who are incredibly passionate about their work. It’s the…
Read moreClaiming the $20K Small Business Writeoff
We have had a vast amount of enquiries in relation to the new immediate deduction amount of $20,000 that was introduced in the 2015/2016 budget. The 20K small business writeoff generous but you need to keep in mind that you need to meet the set conditions to take advantage of it.
Read moreChanges to Private Health Insurance Rebates
As a taxpayer who has private health, your taxable income affects which threshold you are entitled to. If you under or over claim, your rebate a private health insurance offset may be charged or refunded on lodgement of your tax return.
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