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Written by Courtney Marsh. I love it when things can be simple and easy to understand. This is something Xero does extremely well. Xero have listened to customer feedback and made some changes that might seem minor, but will simplify the book keeping process.Xero have simplified the bank reconciliation process by replacing the “unreconcile” and “delete” buttons with a simple “remove and redo” button. This small change will help reduce confusion when a mistake has been made reconciling the ba... More...
Written by Adele Wardley. New rules are proposed to apply from 1 July 2013 for self managed superannuation fund trustees transacting with related parties. Whilst not yet law, these reforms have significant consequences for trustees and we recommend you familiarise yourself with the proposed changes. From 1 July 2013 disposal of self managed superannuation fund assets will be covered by the related party rules for the first time. Until now, there were no restrictions on disposing fund assets... More...
Written by Adele Wardley. If you employ staff you need to make sure you meet any fringe benefits tax (FBT) obligations. FBT is paid on certain benefits employers provide to their employees or their employees associates in place of salary or wages. The most common types of fringe benefits include motor vehicles, expense payments and entertainment. FBT is separate to income tax and  is based on the taxable value of the fringe benefits provided. Employers are liable to pay the FBT and will rece... More...
Written by Adele Wardley. We know book keeping has traditionally been time consuming and boring, but it doesn't have to be that way any more.Xero is a fantastic product centred around the user (YOU) not the accountant that helps business owners get organised and stay organised with their book keeping and invoicing. Our first xero seminar of 2013 was extremely well attended, so book in quickly for our April session to ensure you reserve your spot. There is no cost to come, and we will provide... More...