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Changes coming at 1st July 2019

Posted by XO Accounting on Jun 14, 2019 10:52:01 AM
Single Touch Payroll
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Topics: tax changes, xero, small business

Here's What Our Clients Have to Say

Posted by Michael Kirby on Dec 18, 2018 7:00:00 AM

See what our clients say about XO Accounting and how we bring our mantra of "Time, Money, Team" to life for them:

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Topics: xero

Why Should You Move to the Cloud?

Posted by Michael Kirby on Oct 16, 2018 7:00:00 AM

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?

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Topics: online accounting, small business accounting, xero, Technology, xero accountant

ATO Garnishees Full Steam Ahead

Posted by Michael Kirby on Jun 1, 2018 3:05:22 PM

Back in early April the Four Corners program aired a segment on the conduct of the ATO.  A large portion of the program was devoted to the ATO management's instructions to staff to ignore their own guidelines and issue more Garnishee Notices as they were behind on the year end revenue targets. 

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Topics: xero, small business, TAX, xero accountant

How Xero supports your business from Starting-up to Selling for Profit

Posted by Bizink on Dec 19, 2011 5:54:03 AM

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:

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Topics: benefits of Xero, Firm News, online accounting, small business accounting, xero, accounting, Blog

Business Buying – Doing your homework before you buy

Posted by Bizink on Nov 14, 2011 5:49:33 AM

Many people dream of buying a business and turning a small idea into a big success. The attractions are in making large profits, being your own boss, making your own decisions and employing other people to do your work and having time to think of other small ideas to grow… Buying an existing business gives you a kick-start in premises, plant, machinery, staff, plus brands, goodwill, marketing, databases – all assets that are attractive to a prospective buyer.

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Topics: business, buying a business, due dilligence, financial, Firm News, report, xero, be your own boss, Blog, investment, valuation, value, xero accountant, accountant, franchise

A great new start or the same old, same old (or something in between)?

Posted by Bizink on Feb 8, 2011 5:39:00 AM

Today the new tax changes come in for those of us still left in the rental property market. It’s the start of a new financial year and it doesn’t feel so new anymore. We are all in the throes of electing to change to LTCs, we know about the depreciation changes and we know that our rental property losses won’t have such an effect on our tax this year – but what about this year? What is going to happen to the rental property market, particularly in Auckland where one of the biggest shows in town is going to arrive in a few months time?

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Topics: 2012 financial year, demand, Firm News, investment property, rental property, xero, accounting, Blog, inflation, LTC, property, xero accountant, accountant, changes

What Tax do I have to pay if I’m Selling a Property for Profit?

Posted by Bizink on Dec 7, 2010 5:34:42 AM

If you sell your family home and are lucky enough to make a good profit to help with the purchase of your next family home – don’t worry about it – if it’s all straight up and uncomplicated and the time factor is reasonable and you are doing what you say you are doing the IRD won’t be interested as the profits from the sale of a family home are generally not taxable. You will need to declare it on an IR3 – as an individual tax return and tell the IRD what you are doing and how all the figures are worked out.

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Topics: Firm News, GST, investment property, rental property, xero, accounting, Blog, IRD, profit, property sale, property tax, tax, changes

How Xero can help with managing your Rental property

Posted by Bizink on Nov 16, 2010 5:29:50 AM

Monitoring financials and keeping track of rent payments coming in are aspects of rental property ownership which landlords often struggle with. With all the changes to rental property taxation like depreciation and the LAQC changes and new LTC's it will be more important than ever to keep on top of the financials and budgets to make sure you have sufficient cash flow and plan for taxes before the end of the financial year. The reason landlords and property investors often struggle with this area is that they do not have an adequate system in place. Xero is an ideal solution for property investors whether they are small scale investors with only one or two properties or have large investment portfolios.

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Topics: financial report, Firm News, investment property, invoices, online accounting, rental property, xero, accounting, automated bank feed, Blog, deppreciation, income, IRD, landlord, LTC, rent, wise advice, accountant

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