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From 1 July 2013 employers will need to pay 9.25% superannuation contributions on ordinary times earnings of their workers, an increase from the current rate of 9%. The superannuation guarantee percentage will continue to rise each year, until it reaches 12% in the year commencing 1 July 2019.This change will hit businesses bottom line, and you should ensure your budgets for the coming year reflect the increase. For larger employers the change may be substantial. It is also worth reviewing y... More...
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. It seems an unlikely choice – between a book keeper or a Chief Financial Officer (CFO) – one reduces the daily drudgery of invoices, bank reconciliations and administration – the other is a high level executive charged with providing strategic advice.When a small business owner is pressed for time (and frankly, who isn’t), a book keeper seems like the logical port of call to ‘gain back some time’, find that ‘work-life balance’, ‘free yourself up’, and allow yourself... More...