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

Cloud accounting has officially landed on the scene and is here to stay. While Australian organisations have been slow to adopt this new arrival, Software Advice found over 50% of small businesses are considering moving their accounting to the cloud.

Xero is a relatively new cloud accounting software that allows business owners to spend more time focusing on their core business, rather than managing their accounts manually.