bookkeeper

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Changes to the Backpacker’s Tax

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Changes to the Backpacker’s Tax

Do you employ guys and gals on working VISA's? Then this one's for you...

From 1 January 2017 all workers on a Work and Holiday VISA subclass 462 and 417 will be affected.

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Time Management Tools

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Time Management Tools

Always feel there aren't enough hours in the day? Unfortunately, I can't give you more.. and I wouldn't if I could, because I believe if you don't manage your time with 24 hours effectively... 40 hours wouldn't solve the problem.. These 3 tools will though....

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Payment Options with Xero

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Payment Options with Xero

Want to get paid faster? Here are our favourite integrated Apps to accept payments through your Xero invoices...

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3 Bookkeeping Time Savers

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3 Bookkeeping Time Savers

As a business owner myself, I am always looking for ways to save time! Here are three of my favourites for bookkeeping!

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Creating Bank Reconciliation Rules in Xero

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Creating Bank Reconciliation Rules in Xero

Creating rules takes a little time to set up but will save you hours coding every transaction each month! Here's HOW...

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Claiming GST Credits: what can I claim for my business?

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Claiming GST Credits: what can I claim for my business?

Simply put, you can claim GST when these four conditions apply, as laid out by the ATO...

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Happy EOFY!

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Happy EOFY!

Here are some important dates to remember this Tax Time!

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SuperStream… are you ready?

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SuperStream… are you ready?

By June 30, businesses MUST meet the ATO SuperStream standards.

The criteria?

1. Paying superannuation contributions electronically...

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Cash or Accrual Basis... but what does it all meeean, Basil?!

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Cash or Accrual Basis... but what does it all meeean, Basil?!

When I lodge the first BAS for a client or when I set them up on accounting software such as MYOB or Xero – I ask them, do you report on cash or accrual basis? The common response I get is *blank look* “Huh?!”…

So here is the difference...

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HOW TO: Splitting 2 Tax Code Transactions

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HOW TO: Splitting 2 Tax Code Transactions

Internet and Phone, Produce, Insurance... to name a few of the common purchases that have multiple tax codes.

Here is an example, my phone bill is $180 (including $2.04 GST).....

 

Too much like hard work? We love this stuff.. don't waste your precious time crunching numbers when you could be chatting to customers, innovating or making sales!!!?

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3 Common GST Mistakes

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3 Common GST Mistakes

June is fast approaching and it will not only be BAS time again, but the end of the Financial Year..

GST and what has it and what doesn't is a common area of confusion for my clients! And fair enough too.. like the English language there are so many "exceptions to the rule"... 

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MARCH into this B.A.S with your game face on....!

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MARCH into this B.A.S with your game face on....!

"I would rather face root canal surgery with no anaesthetic than do bank reconciliations" - Devan Sabaratnam

Does that sound like you? Well it's that time again.. the end of a quarter.. but it doesn't have to be as bad as all that! Why not look at it as a clean slate, a time to reflect and check in with your business? BAS time can actually be used to your advantage!