02
May 2015
Good Accounting Matters
If you’re like many small business owners, you probably have a somewhat rudimentary understanding of business accounting. But wrapping your head around the VPNfair, especially for those math-avoidant types, can be the least favorite part of owning a business. And while it may seem easiest to focus in on a few vital tasks, experts insist that all elements of business accounting are important. Linda Pinson, owner of Out of Your
13
Apr 2015
Super Fund Numbers – SPIN, SFN, USI, ESA
There are a range of numbers and identifiers relating to super funds, some of which are relevant for SMSFs, and some of which are not.
02
Apr 2015
Changes to pay as you go withholding cycles
From 1 July 2015, some business owners will have their pay as you go (PAYG) withholding cycles changed. The cycle change is based on the amount you withheld under your Australian business number (ABN) in all branches during the 2013-14 Financial Year. If you withheld between $25,000 and $1 million, you will need to report and pay monthly. If the amount was more than $1 million, you will need to report and pay electronically according to the
02
Apr 2015
Changes to pay as you go withholding cycles
From 1 July 2015, some business owners will have their pay as you go (PAYG) withholding cycles changed. The cycle change is based on the amount you withheld under your Australian business number (ABN) in all branches during the 2013-14 Financial Year. If you withheld between $25,000 and $1 million, you will need to report and pay monthly. If the amount was more than $1 million, you will need to report and pay electronically according to the
Why would we give away FREE access to Xero? Simple – we love Xero, and we want to help businesses who are yet to try the leading cloud accounting software solution for small business. If you or someone you know has been thinking about switching to Xero, then this the perfect opportunity!
Why would we give away FREE access to Xero? Simple – we love Xero, and we want to help businesses who are yet to try the leading cloud accounting software solution for small business. If you or someone you know has been thinking about switching to Xero, then this the perfect opportunity!
19
Mar 2015
How to open a business bank account
Transactional banking products When deciding what type of transaction banking products your business needs, look at the type of business you are offering to your customers, what your suppliers need and how you want to manage your cash flow. The most common transaction banking products are: internet banking credits/debits to accounts – electronically, manually or by direct credit Bpay via credit or debit card overdraft and other limit facilities cheque
18
Mar 2015
How to choose the best accounting software
One of the main reasons businesses fail is because there isn’t a good bookkeeping system in place that would provide warning signs the business could run out of cash. You can choose to set up a bookkeeping system manually (using accounting books), electronically (spreadsheets) or use accounting software. Unless you want to get familiar with bookkeeping practices, Business Continuity Planning Software is the most efficient choice. If you’re looking for
17
Mar 2015
SuperStream for Self Managed Super Funds
SuperStream aims to improve the efficiency of Australia’s superannuation system and provides a new standard for employers when making super contributions. For employees using a compliant super fund, they will likely find that their employer has already updated their system with the required changes, but what if that employee uses a Self Managed Super Fund? Self Managed Super Funds (SMSF’s) need to ensure that they can receive contribution messages with information about payments in the
17
Mar 2015
SuperStream for Self Managed Super Funds
SuperStream aims to improve the efficiency of Australia’s superannuation system and provides a new standard for employers when making super contributions. For employees using a compliant super fund, they will likely find that their employer has already updated their system with the required changes, but what if that employee uses a Self Managed Super Fund? Self Managed Super Funds (SMSF’s) need to ensure that they can receive contribution messages with information about payments in the