Now that we are in August (time flies!) and well into the 2019 financial year, many of you are probably busy preparing your file to send to us for review. Year-end reviews can sometimes be a daunting experience as you never know what the result will be, or what more documents you need to bring in to us… So is there anything you can do to make both of our lives easier? Definitely!
Every now and then we get asked the question – “I want to hire someone to help with our business so I can have more time growing my business.” But before you put an ad up, or spread the word around, have you considered the following 10 things about finding the right staff, your business financial situation and understand the extra compliance work required?
Most of you may have received this news earlier last week: Xero has recently announced adjustments to their Subscription plans for Standard and Premium plan users, effective 28 September 2018.
As Xero rolls out more features on reporting, payroll and mobile apps, the prices of the Premium plans will increase starting from 28 September 2018.
This means that in your September and October invoices you will see an adjustment made to your monthly subscription fee.
Starting from 28 September 2018, Xero Standard subscription users will notice that they will be able to have up to two active payroll employees on the Standard $50 plan, as compared to one active payroll employee currently.
It is therefore a good opportunity to review your subscription plans to see if you can update your subscription plans depending on your business needs. If you need assistance in choosing the correct subscription plan, or to update your subscription plans, please contact us.
More information can be found on this blog post.
Recently we noticed clients have received letters asking for payment of business name renewal by going to a BNrenewal webpage.
While we do not know the genuineness of these letters, we can confirm that this correspondence did NOT come from ASIC. The letter would also ask for a higher renewal fee than if you have renewed your business name directly from ASIC.
We would like to remind business owners that business name details are publicly available to anyone doing a search on the ASIC website. This includes the business names, renewal date, address. ASIC would only issue business renewal letters 30 days before your renewal date, any time outside this time frame is very likely to be a scam.
In this article we explore how businesses that have turnover less than $10 million can maximise their deductions to save on tax for 2018 year and other issues they need to be aware of – deadlines, things to do etc in the coming few weeks. We will touch on employee superannuation payments, $20,000 asset write off etc
This article will apply to businesses running as sole traders, companies, trusts and partnerships.
