Blog posts.

Tax Update for October

1. Mining Tax Repeal Just days after releasing our September tax update, the Australian Federal Parliament passed a series of acts to repeal the Minerals Resource Rent Tax (Mining Tax). Of particular note to small business taxpayers is the flow-on effects which include the repeal of the Simplified Depreciation rules. 2. Changes in Instant Low

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Latest Xero Update

Payroll number of days in a year changes for new organisations (AU) Xero has removed the option to choose the number of days in a payroll year for new organisations. The default for all new organisations is a 364 day payroll year, however there is no change for existing organisations. Batch deposits You can now

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Tax Update for September

The number of legislative tax changes have slowed down in August, mostly due to the winter recess in Federal Parliament. This gives us the perfect opportunity to stop, take a breath and refresh all the recent changes to individual tax, superannuation and as matters affecting small business in this new financial year. New Policy on

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What Can you Claim in your Individual Tax Return?

It’s that time of the year to lodge your individual tax return! Here’s what you should be keeping track of outside what’s claimed in your business return or what your employer provides you. Business % use of Mobile phone Home Internet Other deductions Union fees and subscriptions to trade, business or professional associations Professional seminars,

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Xero Payroll Changes and Helpful Tips

As you might have noticed, the way Xero payroll works has changed a bit. The main difference for pay runs created after the 18th of August is that bills no longer need to be created after the pay run is posted. Don’t like reading? Xero explains the payroll changes in their video here. How does

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Xerocon Sydney Wrap Up 2014

Every year Xerocon comes to town and its a great opportunity for our new staff to attend and really get an understanding on how big Xero and the ecosystem is. The target audience is accountants but here’s what’s important for you, our Xero users. Xero’s New Market Space The size of Xero’s add-on ecosystem is

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