The way you access government services for both business and personal matters is changing this month. myGovID and Relationship Authorisation Manager (RAM) will replace AUSkey at the end of March 2020.
Topics: News, financial, small business accounting, taxation, accounting, AUSkey, ATO
Businesses become a success because it is something you love and therefore work hard at it. It does no necessarily mean you love balancing the financials. However, accounting is crucially important to your success when first starting up.
Topics: small business accounting, startup
Debt can be a crippling problem for small businesses wanting to grow or just break-even during difficult times. By reducing debt you’ll improve the value of your business, its financial situation, and its ability to continue operating into the future.
Topics: small business accounting, debt, cash flow
If you’ve borrowed money from anyone other than a good friend or a family member, there’s a good chance you’re paying him or her interest. You may even be paying your friend or family member interest, depending on how long you’re borrowing for and how much they loaned you. That interest that you’re paying may or may not be deductible: a lot depends on what you’re using the money for. Let’s take a closer look at what makes the interest on the money you’ve borrowed eligible for a deduction.
Topics: financial, small business accounting, tax, planning, deductible
Help grow your business through collaboration, expansion, improved marketing and some of the following quick tips.
Topics: small business accounting, Marketing, management
From 1 July 2019, you will have to transfer your payroll transaction data to the ATO each time your employees are paid using a software solution to do this.
Topics: small business accounting, accounting, management
End of financial year is quickly coming up, so it's time for businesses to take stock, to ensure that companies operate tax effectively and ensure business finances are in order for the coming financial year.
Topics: small business accounting, taxation
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Topics: online accounting, small business accounting, xero accountant
The move to the cloud is often not a question of if it will occur but more likely when it will occur, for most small businesses. So what is the reason for so many businesses embracing online cloud software?
Topics: online accounting, small business accounting, xero, Technology, xero accountant
In the five years Xero has been on the market it has quickly gained a reputation as being the easiest accounting system around. Xero is a cloud based system which means that you can log into it securely from any computer with an internet connection anywhere in the world. It also means you won’t need to buy costly accounting packages and upgrades ever again and it even eliminates the need for backups – if your computer crashes you won’t lose your accounting data! In addition to these practical benefits using Xero has many advantages that can give your business an edge:
Topics: benefits of Xero, Firm News, online accounting, small business accounting, xero, accounting, Blog