Below you'll find a list of all posts that have been categorized as “Uncategorized”
Getting paid quickly should be easy – but the invoicing process can often take more time than the work itself. Xero have researched the best in the business to simplify invoicing for you. So whether you’re just starting out, or want to improve on what you’re doing – our tips and tricks will help you navigate the world of invoices. …
If you want your business to work smarter and faster, Xero cloud accounting software is a wise investment. Working in the cloud will give you a better overview of your finances, and improve collaboration with your team. Accounting software shouldn’t be a chore to use Small business accounting software that’s not available via the cloud can be tedious. Traditionally, it …
December is usually the busiest time of the year for retail and hospitality businesses. But businesses in other sectors often find that their sales slow down and their customers stop paying them for a few months. So cash flow dries up. Whether your business is large or small, well-established or in start-up mode, you need to take a planned approach …
So you want to know how to start a business? That’s awesome! There’s a lot to learn, but there’s plenty of information around to help. This guide from Xero is a great place to start. Starting your own business is a process, not an event People talk about ‘taking the plunge’ into small business like it’s an adrenaline sport. And there …
Company Tax Rate Cut Small companies with an annual turnover up to $10 million will receive a tax cut this financial year with the tax rate decreasing from 30% to 27.5%. This will be followed by tax cuts for companies turning over up to $25 million in 2017-18, and up to $50 million in 2018-19. The tax cut announcement is …
Small business owners can benefit by using the Tax Office’s small business benchmarks to compare their business performance with industry averages. What are Small Business Benchmarks? The small business benchmarks are financial ratios that have been extracted from more than a million lodged income tax and BAS returns. What are Small Business Benchmarks used for? The benchmark data is used …
A simple definition of a trust is: “A relationship in which one person (the trustee) holds assets (money, property, a business) for the benefit of another (the beneficiary).” Other parties in a trust structure include a “settlor” who contributes the initial trust asset (which may be anything, including a nominal $10 cash or even a house) to bring the trust …
Generally, if you rent out part or all of your home, the rent money you receive is assessable. This means that you must declare your rental income in your income tax return, but you can also claim deductions for any associated expenses. However, be warned. If you rent out part of your home, such as one room, you also may …
