Below you'll find a list of all posts that have been tagged as “Small Business”
From 1 July this year, Single Touch Payroll (STP) will apply to all employers in Australia. First announced in 2015, STP is an Australian Tax Office reporting regime that requires employers to report salaries and wages, PAYG withholding tax, and superannuation to the ATO each time they pay their employees. According to the ATO, more than 400,000 small employers with …
On Tuesday, 2 April 2019, Treasurer Josh Frydenberg handed down the 2019-20 Federal Budget. In an election Budget, the Treasurer announced the first Budget surplus in more than a decade at $7.1 billion for 2019-20 Economic Outlook Frydenberg maintained a relatively optimistic outlook for the economy, though he conceded there were risks including from falling house prices and global risks …
There are a huge number of tax laws that may change this year as a result of the upcoming 2019 Federal Election. Individuals could be affected by: Losing franking credit refunds More Capital Gains Tax Losing tax benefits from negatively gearing Investment Properties Businesses could be affected by: Changes to the laws for loans from Companies (known as “Div 7A”) …
Sure you have a cool phone……. but have you considered the security aspects? “It’s an unfortunate fact that the impact of cybercrime is a reality for all businesses. The scary reality is that 978 million people in 20 countries were affected by cybercrime in 2017. In New Zealand and Australia, one in four small businesses experienced a cyber-attack or hacking …
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. …
Have you made a New Year’s Resolution to get your finances and tax in order? Making the resolution is easy and often soon forgotten however, all is not lost. We can help you turn your resolution (good intentions) into a reality that benefits you and your business. Warning! The Australian Taxation Office (ATO) is closing in fast on everyone who doesn’t …
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 …
