Early Stage Business Owner with Employees

How to make your early stage business run more efficiently

Early stage businesses should be looking for ways to make their employees more productive and their business more efficient. More often than not, the answer lies in technology. But that doesn’t necessarily mean buying all the business-ready technology and software that’s available – instead, it’s about identifying which will have the most positive impact on…
Carpark

ATO Called Out on Draft Car Parking FBT Ruling

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The professional accounting bodies have called on the ATO to withdraw its draft car parking fringe benefits taxation ruling, arguing that it would capture regional employers and slug an extra $1.6 million in FBT costs to current taxpayers. Late last year, the ATO released draft taxation ruling 2019/D5, detailing conditions considered as providing a car parking benefit.…
Female small business owner using xero app

News | Xero Reveals New Small Business App

Xero has announced a number of new additions, including a new financial insights app backed by a major bank, and the integration of Uber for Business. Announced at Xero’s 2020 Australian Roadshow, Xero users will now have access to the Vonto app, which promises to process a small business’s Xero data to deliver insights into…

Accounting For Christmas

Here we are again – that wonderful time of the year! It seems to come around quickly (yet again), and as we get closer to Christmas we starting to think about those end of year celebrations, and recapping all of the good things that have happened throughout the year. For many business owners – and…

100 dollar notes on washing line

Laundry Expenses Hung Out To Dry

  The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses warning that it is closely reviewing claims. “Last year around 6 million people claimed work-related clothing and laundry expenses, with total claims adding up to nearly $1.8 billion. While many of these claims will be legitimate, we don’t think that half…

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