Don’t Become a Small Business Statistic

Discover how cloud applications can benefit your business by giving you the information and data you need to make more accurate decisions.

Responsibilities of a Business Owner to ATO and ASIC

As a business owner you have a number of responsibilities to various Government Organisations and also to the public. You are bound by laws from local, state and federal levels as well as organisational bodies. In this blog we will cover your main obligations to the Australian Taxation Office (ATO) and Australian Securities and Investment Commission (ASIC) for a business owner and specifically a Director of a company. 

Commonly Used Business Structures

We outline the basics of different business structures such as company, trust and sole trader and explain the pros and cons of each.

Starting a Business? Where to go for Guidance

Often when you start a business you take advice from friends and family about how to go about getting set up. We frequently find people come to us either not knowing where to go, or they have gone to the wrong people about the wrong things. It’s a minefield and can be overwhelming for many people getting started.

Xero Updates

Xero just keeps innovating their product, which is great for business owners and advisers as they add in new technology.

Conscious Accounting

We were fortunate to attend a session with Dandapani. To quote his own website “an internationally renowned and highly sort after speaker who is revolutionising the business world with his practical and simple systematic approach to balancing work/life challenges”.

Xero Tips and Tricks

With continual new features being added it’s often difficult to stay ahead of how you can better use xero to speed up internal processes.  The following are some of the tips and tricks we were reminded of at XeroCon

Home Office Expenses – Tax Basics

This is a topic we are asked about more and more as there is a move towards people working from home either for an employer or for themselves in a main or side business. Our guidance differs depending on if you own your own home or if you rent.

When is my Hobby a Business?

Most businesses stem from a passion, and many passions show themselves in our recreational and hobby activities.  The lines begin to blur when we start making money from what we love, whether it be a full time or ‘spare time’ pursuit.

Motor Vehicle Deductions – The Basics

The methods for claiming your car expenses have changed in the last 12 months in an effort to ‘simplify’ the way deductions are made.