How to finalise Single Touch Payroll in Xero

How to finalise Single Touch Payroll in Xero June 29, 2022 | Business Another financial year down and now its time to finalise your single touch payroll so your employees can complete their tax returns. Payment summaries or group certificates are a thing of the past, which was replaced by single touch payroll a few…

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How to maximise your work-related electric vehicle claim this tax time

How to maximise your work-related electric vehicle claim this tax time June 27, 2022 | Tax A greater awareness of environmental impacts, coupled with surging fuel prices, has encouraged many individuals to consider purchasing electric vehicles (“EV”) or plug-in hybrid electric vehicles (“PHEV”). The two methods allowed for either individuals or sole traders to claim…

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Changes in Super Guarantee for 2023 financial year

Changes in Super Guarantee for 2023 financial year June 10, 2022 | Superannuation Two essential changes in Super Guarantee will apply from 1 July 2022. As a business owner, it is important that you are on top of these. To help you out, we have created this easy guide to run down what they are,…

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How to get the biggest tax deductions for your overseas travel

How to get the biggest tax deductions for your overseas travel May 26, 2022 | Tax Did you know that if you’re on an overseas holiday and you attend a work-related conference, that some of your expenses for the day and a portion (possibly 100%) of your flights will be tax deductible?  In light of…

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5 reasons why record keeping is critical for your business

5 reasons why record keeping is critical for your business May 23, 2022 | Business Keeping accurate and complying records is not only a legal responsibility of anyone carrying on a business, but is also vital for any business that wants to know their performance, therefore, you should give it the attention it requires. With…

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Depreciation Schedule for Property Investors

Depreciation Schedule for Property Investors May 9, 2022 | Property 30 June is fast approaching. As property investors, organising a tax depreciation schedule will increase your deductions and potentially yield a higher refund on your tax return. What is depreciation? Depreciation is the natural wear and tear of a building and the assets within it…

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Get Ready – Round 3 of Business Basics Grants opens 4th of May

Get Ready – Round 3 of Business Basics Grants opens 4th of May April 21, 2022 | Business Update: Round 3 of the Business Basics grants will open for applications as follows: Regional Queensland funding – 9am, Monday 16th of May South East Queensland funding – 9am, Tuesday 17th of May   Another round of…

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Director Penalty Notices and what to do if you receive one

Director Penalty Notices and what to do if you receive one April 13, 2022 | Business The ATO has recently issued warnings of director penalty notices (DPN) to businesses with outstanding debt. During COVID-19 the ATO pulled back from actively chasing debt, but now as we come out the other side of the pandemic they…

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