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Xero for Your Small Business

Xero for Your Small Business

Xero User Guide - Beginner Guide on How to Use Xero Effectively for Your Small Business A couple of years ago, when you needed bookkeeping and accounting service, you had to hire an accountant or bookkeeper. While this is still an option, you have more alternatives...

Capital Gains Tax Exemption

Capital Gains Tax Exemption

Main Residence capital gains tax Exemption Have you thought about your intention in occupying the residence? This is because the mere intention to live in a dwelling as the main residence, without ever doing so, is insufficient for you to be eligible for the main...

what does Pty Ltd mean

what does Pty Ltd mean

Proprietary Limited Company – What Does PTY LTD Mean? You may have noticed that most company names end with Pty Ltd. But what does Pty ltd mean? Pty Ltd is the acronym for ‘Proprietary Limited’. When the name of a company ends with Pty Ltd, it means the company has...

Tax Deductions for Doctors In Australia

Tax Deductions for Doctors In Australia

Tax Deductions for Doctors in Australia If you earn your income as a doctor in Australia, you probably have failed to claim tax deductions for your work related expenses at one point in time. You might even not be familiar with the deductions you can claim. As we are...

What is the difference between ABN & ACN

What is the difference between ABN & ACN

What is the Difference Between ABN and ACN? Every business in Australia is required to have an ABN but not every business needs an ACN. The purpose of this post is to help you understand the difference between ABN and ACN as well as the purpose of each. For you to...

Know your tax deductions what you can and can’t claim

Know your tax deductions what you can and can’t claim

Know Your Tax Deductions What You Can and Can’t Claim The Australian tax system depends on taxpayers to perform self-assessment. This means you are responsible for working out the amount to declare and claim on tax returns. You are also supposed to know how you get to...

Haven’t lodged a tax return in years?

Haven’t lodged your tax return in years in Australia? If you are an Australian resident for tax purposes you will have to lodge tax returns every year. This is especially relevant if your earning is more than the Australian Taxation Office/ATO’s allocated tax-free...

How to Pick the Right Business Structure?

Without understanding the differences between a company, trust, sole trader, and partnership, you cannot decide which business structure will be right. Here's all you need to know about business structures, and how to make the right decision about your business. ...

Will a Company Business Structure Work for You?

If you want your business to grow swiftly and obtain insurance on your assets, then a company business is the right option for you. While being the only member/director in your company with a minimum of one shareowner, a company structure allows multiple shareholders...

Instalment Activity Statements

It's the 21st - Your Instalment Activity Statement  (IAS) is Due, Are you required to prepare one?   What is Instalment Activity Statement? Many employers have to pay PAYG Withholding liabilities to the ATO every month, even if they lodge the BAS quarterly. Your...

Xero Accountant Sydney

Offering Services Of Experienced XERO Accountants    Looking for Xero accountants who can deal with Xero software challanges? We can offer the solutions to your challenges with Xero bookkeeping services. Have you tried incorporating XERO cloud-based accounting...

Xero accounting

Need To Innovate? Let’s first automate with Xero accounting for small business   Running a business successfully is no ordinary feat. Xero Accounting for small business plays a major role. This is part of maintaining tight grip on your finances. To retain success...