Many qualities make a great leader, however, if there could only be one attribute, it would be their ability to motivate productive teams and empower individuals. Leadership responsibilities are typically outward-looking and selfless, as managers work tirelessly to create working environments in which others can excel.
A phishing scam is when malicious emails target a company’s customers by pretending to be from a legitimate email address. They will typically use the company name, but with an extra word or character slipped in. Phishing scams can also show a legitimate email address, like message-service@post.xero.com, but really they’re spoofing it. The message is actually coming from an entirely different email address.
The benefits of cloud technology are often discussed in terms of, well, technology: its vast capacity, the easy scalability, the effortless overnight upgrades. But its advantages aren’t solely confined to the technical realm. New research from Xero surveyed 230 South African accountants about the way they use cloud technology; confirming that, in many respects, it’s as much about lifestyle and workstyle.
Bank feeds are a core component of Xero, giving you an up to date view of your cash position so you know how your business is performing. Unsurprisingly, it’s a popular feature – 71% of accountants tell us that bank feeds and reconciliation are their most loved features in Xero.
Late-paying customers are an issue most small businesses deal with. Our research reveals 9% of all payments to Australian small and medium-sized businesses are late, with business owners and staff spending an average of five days per year chasing late payments.
Every so often you may hear or read about something known as a "taxpayer alert" being issued by the ATO. These are early warning signals from the ATO to warn the public about areas of concern. This could include dodgy investments, fraudulent schemes or tax minimisation tactic, which could get people in trouble. Alerts will typically highlight aspects of the most worry to the ATO.
See what our clients say about XO Accounting and how we bring our mantra of "Time, Money, Team" to life for them:
When renting out part or all of your home, the money received is generally referred to as assessable income. This means:
See what our clients say about XO Accounting and how we bring our mantra of "Time, Money, Team" to life for them:
