Accounting
Stripe Merchant Fees Down From 1 April 2024 – Update your Xero Integration
Stripe Merchant Fees Down From 1 April 2024 – Update your Xero Integration April 23, 2024|Accounting, Business, Tips and Tricks, Xero What is Stripe? Stripe is an online payment processing and credit card processing platform for business, that integrates with Xero to make it easy for customers to pay your invoices. You will save time…
Read MoreTurning Equity Into Opportunity: A Guide to Debt Recycling
Turning Equity into Opportunity: A Guide to Debt Recycling April 9, 2024 | Accounting, Business, Property, Tax, Tips and Tricks Debt recycling is a strategy that can help property owners maximise their wealth accumulation while efficiently managing their debts. By leveraging the equity in their property to invest in income-generating assets, individuals can effectively reduce…
Read MoreWhat Does ‘Balancing Account’ Mean in myGov Account?
What Does ‘Balancing Account’ Mean in myGov Account? April 8, 2024|Accounting, Business, Tax Ever logged into your myGov account and stumbled upon the term ‘balancing account’? If you’re feeling a bit lost, don’t worry. Simply put, when the ATO tells you that they are balancing your account it means they have the information you provided…
Read MoreNDIS Real Estate Investment: A Beginner’s Guide
NDIS Real Estate Investment – A Beginner’s Guide March 26, 2024 | Accounting, Business, Property, Tips and Tricks The National Disability Insurance Scheme (NDIS) has opened new opportunities for real estate investors keen on supporting disability housing while tapping into Australia’s burgeoning market. Through its Specialist Disability Accommodation (SDA) scheme, the NDIS offers funding, sparking…
Read MoreHow To Increase Prices In Your Business
How To Increase Prices in Your Business March 26, 2024 | Accounting, Business, Tax, Tips and Tricks One of the most delicate decisions a business must navigate is increasing its pricing it charges customers and clients. Pricing directly impacts revenue, profit margins, customer perception, and market competitiveness. In this article, we delve into the main…
Read MoreHow to finalise Single Touch Payroll in Xero for the financial year
How to finalise Single Touch Payroll (STP) in Xero for the financial year March 13, 2024 | Accounting Another financial year down and now it’s time to finalise your Single Touch Payroll (STP) so your employees can complete their tax returns. Payment summaries or group certificates are a thing of the past, replaced by STP…
Read MoreThe Purpose Behind Tax Optimisation
The Purpose Behind Tax Optimisation March 7, 2024|Accounting, Business, Tax, Tips and Tricks Tax optimisation is a strategic approach aimed at legally minimising your tax payable each year. It involves an assessment of your business and is in place to take advantage of tax deductions, credits, and incentives available. This practice ensures that you’re being…
Read MoreThe Pitfalls of Borrowing From Your Business
The Pitfalls of Borrowing From Your Business February 8, 2024|Accounting, Business, Tax, Tips and Tricks Division 7A is a rule that comes into play when owners of private companies take money out of their businesses in ways that aren’t straightforward salary or dividends. A common scenario that triggers Division 7A is when a business owner…
Read MoreYour Guide to Government Grants and Support for Businesses
Your Guide to Government Grants and Support for Businesses February 7, 2024|Accounting, Business, Tips and Tricks A grant or other financial boost can often make a huge difference to a small business. Grants are typically in place to encourage employment, boost capacity or otherwise incentivise small businesses to head in the direction that a particular…
Read MoreChanges to Stage 3 Tax Cuts
Changes to Stage 3 Tax Cuts January 30, 2024|Accounting, Property, Tax, Tips and Tricks The Federal Government has unveiled a proposal to reshape the scheduled Stage 3 personal income tax cuts, set to commence on 1 July 2024. This decision comes after extensive speculation, with the government aiming to reallocate and extend the benefits of…
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