• insurance policy
    Am I Taxed on An Insurance Payout?
    Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and […]
  • changes-ahead
    What Changes on 1 July 2021?
    Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean that everyone […]
  • Superannuation
    Super Guarantee Rate Rising 1 July
    On 1 July 2021, the super guarantee rate will rise from 9.5% to 10%. If you have employees, you will need to ensure your payroll and accounting systems are updated to incorporate the increase to the super rate. If you need help to work out how much super you need to […]
  • skilled migration
    Is It Time for Australia to Rethink Skilled Migration?
    Source: NestEgg When borders reopen, Australia has a chance to reshape its migrant policy, with an opportunity to target younger, more skilled workers, a think tank has revealed. Australia is not attracting the right migrants, instead it should focus on simplifying the process, taking in younger skilled workers, and paying them […]
  • Fringe Benefit Tax
    FBT Exemption, LMITO Tax Bill Introduced Into Parliament
    Source: Accountants Daily Treasury Laws Amendment (2021 Measures No. 4) Bill 2021 was introduced to the House of Representatives on Wednesday and contains two tax measures included in the Morrison government’s 2021–22 federal budget.  The first of them is the government’s FBT exemption, which will provide employers with a way […]
  • cryptocurrency
    ATO Sheds Light on Crypto Compliance Focus
    Source: Accoutants Daily Speaking at a tax-time tips seminar on Thursday, ATO assistant commissioner Adam O’Grady warned tax agents and taxpayers that his office will be closely watching all capital events related to cryptocurrency come tax time.  “It is really important for all capital assets; we will be looking to […]
2 October 2017

Xero for Builders — Makes Sense

Xero is the fastest growing new breed of accounting software in Australia/NZ that’s cloud based, low cost and easy to use. Bookkeepers and accountants in Melbourne seem to be keen for their clients to move to Xero for good reasons. If you’re in the construction industry, a contractor or a […]
30 August 2017

Choosing an 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 […]
6 March 2017

Top Accounting Tips For Business Owners

Accounting is and always will be a critical function of the savvy business owner, but accounting doesn’t have to be a nightmare or something to dread. It just takes a little perseverance and planning to ensure that your records are as accurate and complete as possible. You can make yourself […]
13 February 2017

Best Small Business Accounting Software of 2017

Most apps start small and add features and (hopefully) usability improvements year by year. Small business accounting apps, on the other hand, have evolved in the opposite direction. Products from companies like Peachtree and DacEasy and MYOB started their lives as full-blown, multiple-module, highly complex applications that were priced for […]
28 November 2016

4 Accounting Musts for SaaS Startups

Cloud-computing taxation is a complicated issue. Laws and regulations vary not only across national borders, but also across state lines. While there are handy primers available, wrapping your head around all the sales and use tax cases can be a real struggle. Not helping matters is the fact that only […]
2 February 2015

Read Before You Buy An Accounting Software

If you’re like most business owners, you prefer to focus on the things that got you started – satisfying clients, making a quality product and generating revenue. Unlike your Melbourne accountant, accounting probably isn’t what you’re most excited about. There are many accounting software products available that can simplify your […]
2 January 2014

Accounting Software For Australian Small Businesses

Accounting Software For Australian Small Businesses Before 2000, most small businesses and Melbourne accounting firms were running paper-based accounting. However, with the introduction of GST, many have recognised the need to switch to accounting software. This was further assisted by the Commonwealth Government’s $100 voucher to cover most of the […]
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