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2017 Tax Tip #4 - Claim Depreciation

Posted by Georgia Kirby on Jun 26, 2017 7:00:57 AM

Assets costing below $300 that are used to generate income can be immediately deducted. These assets may include tools for tradespeople, calculators, briefcases, computer equipment and technical books purchased by an employee, or minor items of plant purchased by a landlord.

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Topics: TAX

2017 Tax Tip #3 - Claim Self-Education Expenses

Posted by Georgia Kirby on Jun 25, 2017 7:00:30 AM

If a study is directly related to either prolonging or improving current occupational skills or is likely to increase the income received from your current employment then the expenses involved can be claimed as self-education expenses. If any new qualifications obtained in a different field through study, the expenses incurred are not tax deductible.

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Topics: TAX

2017 Tax Tip #2 - Claim Home Office Expenses

Posted by Georgia Kirby on Jun 24, 2017 7:00:25 AM

If part of your home has been set aside solely or primarily for the purpose of work, a home office deduction may be allowable. Heating, cooling, lighting and even office equipment depreciation all come under typical home office expenses.

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Topics: TAX

2017 Tax Tip #1 - Claim Work-Related Deductions

Posted by Georgia Kirby on Jun 23, 2017 7:00:02 AM

One way to save considerable tax is to claim all work-related deduction entitlements. Employment-related telephone, mobile phone, internet usage, computer repairs, union fees and professional subscriptions are all examples of typical work-related expenses.

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Topics: TAX

New Client Communication System Launched

Posted by michael on Jun 17, 2017 4:36:03 PM

We have been busy the past few months looking at better ways to manage our workflows and communicate with our clients.  So we are very excited with our latest addition, Karbon which brings another layer of connectivity between us and our clients.

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Topics: Firm News

10 Money-Saving Tips for Contractors

Posted by Bizink on Mar 13, 2017 12:25:00 PM

Working from home as a contractor sounds like the ultimate dream for anyone who is sick and tired of the rat race, but be cautious as contractors still have more than their fair share of challenges. In fact, perhaps the most important challenge they face is their ability to be fully responsible and accountable to themselves, at the same time being wholly responsible for their own financial management.

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Topics: Firm News, Blog, Marketing, Technology

ATO Systems Crash!!!

Posted by Bizink on Dec 13, 2016 4:43:37 PM

Since the weekend all ATO systems have been offline as the ATO suffers a "World First" system failure for a government tax authority.  Apparently the hardware supplied and supported by Hewlett Packard has crashed as well as their backup systems.

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Topics: Firm News, Blog, TAX, Technology

$10K Small Business Grants

Posted by Bizink on Nov 19, 2016 2:14:07 PM

A new opportunity for small businesses has arisen in Queensland with the release of  the ‘Small Business Digital Grants Program’, which will provide funding for small businesses to assist in growing their business through the use of digital marketing technologies and services to enable them to work smarter and make the most of online business opportunities arising from digital disruption.

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Topics: Firm News, Uncategorized, Marketing

XO Accounting in the News

Posted by Bizink on Jul 7, 2016 5:19:33 PM

XO Accounting was recently in the news in regards to the construction at our Melton Office.

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Topics: Firm News, Uncategorized

XO Accounting - Melton Office Construction

Posted by Bizink on Jun 27, 2016 2:27:34 PM

Please note from June through to October the Melton Council is rejuvenating the area out the front of the Melton office which has resulted in Palmerston Street being closed and much of the area fenced off.  Here is a MAP for our clients to find there way into the office.  If you have any problems simply give us a call and we can assist.

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Topics: Firm News, Blog, TAX

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