Are Client Christmas Gifts Tax Deductible?
If you’re considering giving some client Christmas gifts this year, in most circumstances these will be tax deductible to your business.
If you’re considering giving some client Christmas gifts this year, in most circumstances these will be tax deductible to your business.
The past few weeks have been full of many whispers regarding tinkering with superannuation following the announcement that the government was going to review the ‘objective’ of superannuation.
If you employ staff or have contractors you pay superannuation for you need to ensure you’re set up for Single Touch Payroll (STP) Phase 2.
If you’ve recently set up your Xero account and need a little bit of guidance with regular day-to-day tasks, you’re in luck! We’ve pulled together a quick checklist for you, covering some of the most common tasks you’ll need to be across to get the most out of Xero.
You’ve made the decision to adopt Xero for your small business, and now it’s time to get it up and running. We’ve pulled together a quick checklist to help guide you through the set up stage, with some helpful links to Xero resources for more information.
We find a lot of businesses get really confused as to what they can/can’t claim and if there are any Fringe Benefits Tax consequences to the entertainment they provide to their staff and associates as a result of Christmas festivities.
The methods for claiming your car expenses have changed in the last 12 months in an effort to ‘simplify’ the way deductions are made.
It is at times a job that some people discount as not as ‘important’ as the advisor or accountant. But as the advisor at the other end I can tell you that a good bookkeeper is worth their weight in gold!
Our advice to clients is to try to set things up correctly from the outset, but if you are in a situation with workers who really need to be moved over to be employees start planting the seeds and making them aware things will need to change. It can take time and you want to avoid losing good team members if you can.