Entries by admin

Understanding fuel tax credits for heavy vehicles

Use these guidance documents to help determine your clients’ fuel tax credit entitlements for fuel used in heavy vehicles. Heavy vehicle for travelling on public roads’ rate for travel on toll roads, bus lanes and busways All other business uses’ rate for travel on forestry, mining access and agricultural property roads, as these are examples […]

New Simpler BAS coming

The ATO is reducing the amount of GST information required for the business activity statement (BAS) to simplify GST record keeping and reporting requirements. A simpler BAS will give small businesses significant time and cost savings by simplifying account set up, GST record keeping and BAS preparation. Businesses will be able to more easily classify transactions […]

Fuel Tax Credits Updates

For the March 2016 BAS and onwards, you can: use the rate that applies at the end of the BAS period work out your litres based on the cost of the fuel purchased. You clients can also use a range of documents to support the fuel tax credit claims for all their past and future BAS. Further […]

Xero – Statement of Cashflows

For small businesses a healthy cashflow is crucial. That’s why the statement of cash flows report is so useful. It shows you the money…where it came from, and where it went. While the Profit & Loss (or Income Statement) can tell you if you’ve made a profit it may include income and expenditure that hasn’t […]

Super Stream Info

If you have under 20 employees, you have 6 months to comply with the new ATO Superstream requirements. Refer the article below or call Maurie on 0418573667. SuperStream_online_information_sessions

Xero enters smartwatch space

Cloud accounting software provider Xero has hit the emerging smartwatch market, with the launch of the Xero for Apple Watch app. The decision to enter the smartwatch space stems from the company’s acknowledgement of the time pressures placed upon small business, with Xero claiming an ever-growing need to access business tools at any hour. Integrated within the […]

Xero Fixed Assets

Xero have today updated Fixed Assets, giving you a simple way to manage fixed assets with flexible depreciation and disposal options. Starting with Fixed Assets in Xero is now easier with smart asset type management and the ability to register multiple fixed assets at one time. There are also more depreciation options to choose from and […]

Quotes in Xero

Xero will allow you to enter a quote, attach photos or plans and then email that to your prospective client. The client can Discuss or Approve and either way you will be notified. If Approved, and when the work is completed, easily convert the quote into an Invoice. All streamlined and no double handling You […]

SuperStream Update

SuperStream improves the productivity of the superannuation system for sending employer contributions to the relevant Superannuation Authority electronically from your bookkeeping system. From 1 July 2015 small employers (with 19 or fewer employees) will start making contributions using SuperStream – they will have up to 12 months to make the change. Note this is compulsory from 1 […]