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.
We outline the basics of different business structures such as company, trust and sole trader and explain the pros and cons of each.
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 just keeps innovating their product, which is great for business owners and advisers as they add in new technology.
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
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.
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.
The methods for claiming your car expenses have changed in the last 12 months in an effort to ‘simplify’ the way deductions are made.
I came across an article last week by Kochie’s Business Builders on what you should ask your accountant once you’ve chosen the right one for you. It was great to read as these are the same things (among a few others) that we discuss and address with our clients. What’s our response?
Confused about Xero and think you need $50/mth to start? We’ve had quite a few small business owners tell us recently they can’t get started with Xero as they can’t afford $50/mth from their business yet, and they are probably right. But you don’t need $50/mth to get started. That’s what we love about Xero.
If you’re a person who has quite a lot of personal tax deductions but finds it difficult to keep track of them throughout the year we’ve got good news for you. The ATO has released a new App, available for smartphones and tablets from the App Store, Google Play and Windows Store it has a selection of features that we think will be handy for individuals, especially for the new 2016/17 tax year.