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What Makes a Good Accountant in Today’s Tech Age

When posing the question ‘what makes a good accountant?’ not so long ago, a lot of stereotypical images sprung to mind of someone huddled behind a load of ledger documents, a calculator and pencils. However, in this technical age what makes a good accountant has evolved considerably. Today’s great accountants have become a consultant to

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Innovation Statement: The tax implications you need to know

In its Innovation Statement released today, the Government has sought to remove the fear of failure by proffering tax breaks and changes to insolvency laws to provide greater flexibility for entrepreneurs and investors in innovative start ups. Key tax measures include: Same business test relaxed to become a ‘predominantly similar business test’  The current ‘same

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Changes to car expense claims are coming: fringe benefit tax update

If you’ve ever used a vehicle for business travel, you’re already aware you can write-off part of your travel expense. You’re probably also aware of changes to the way travel expenses and Fringe Benefits Tax are calculated. Changes from 2015 FBT year Here’s the Cliff’s Notes version: From April 1, 2014, the Australian Federal Government

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Xero Roadmap – The Next 90 Days

We have some exciting news for you! The cloud continues to revolutionise our economy and we cannot wait to tell you about it. Read on to discover the new features everyone is talking about.   Product Updates For the Start-ups Capital funding is a crucial factor of the start-up business cycle, an awfully time consuming

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SuperStream – Employers

You may have heard that there is a new regime when it comes to paying your superannuation contributions from 1 July 2015. It’s called SuperStream and there’s no reason to be concerned about what to do. We’ll walk you through the basics right here and what you need to do to get ready for it’s

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EOFY Tax Planning Tips – Important things you need to know

Turnover under $2m? Heard about the $20K asset deduction? Before you start spending, there are a few things you need to know….   Are you making a profit? If your business isn’t making a profit, you will have a much smaller benefit because you aren’t currently paying tax. You will only be able to defer

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