Thanks for helping us win the Xero Award

We’d like to thank all those clients who have joined us on the Xero journey and helped us achieve this accolade.  From the feedback we’ve received from those clients who have made the move we already knew we were on a winner but this is certainly the icing on the cake and an achievement we are proud of.
 
If you haven’t seen what all the fuss is about or why we are so passionate about helping our clients create a more efficient business solution, then have a look at why we recommend Xero and what are clients are saying about their move
See more about Xerocon, Awards Night & using Xero here.

 

ASIC Fee Increase for 2014 Financial Year

	Fees from 1st July 2013	Increase
Pty Ltd Company Annual Review Fee	$236	$6
SMSF Trustee Company Only Annual Review Fee	$44	$1
Late Fees Received within 1 Month after due date Received more than 1 Month after due date	$72 $299	$2 $7
Change of Company Name	$366	$9
Business Name Registration & Renewal 1 Year 3 Years	$33 $76	$3 $6

Cash Manager Issue

For our clients who are still using Cash Manager, we have been advised of an issue in the software that could result in an inaccurate GST Report.
<<read more>>

Income Protection in Super

In 2007 the ATO changed the deductibility of income protection (IP) premiums inside super to allow trustees to claim the full premium as a tax deduction.  This change has raised the question of whether it’s better to hold IP within a super fund or outside of super in your own name.  The simple answer is that it can be in the right circumstances but there are a number of issues to consider.
<<read more>>

Investment Update

The market has continued the quarter climbing in a very worrying and stressful time with a potential strike of US forces against Syria due to Asaad’s alleged chemical weapons use. Profit taking was the safe option. Going to print we have seen a partial US government shut down and the prospect of a US default on its debt servicing obligations.
<<read more>>

Small Business Benchmarks – Retailer Takes Hit in ATO Audit

Small business benchmarks are financial ratios developed by the ATO to help compare the performance of similar businesses in an industry. They are representative of data provided on income tax returns and activity statements in the industry and provide guidance on what figures the ATO would typically expect a business in a particular industry to report.
<<read more>>

Featured Add-On: Fathom Reporting

What is Fathom?

Fathom provides a framework of analysis tools that converts the information contained within your business’s financial statements into useful business intelligence. The ethos behind Fathom is simple: better information leads to better decisions, which leads to better business performance. Call it business intelligence, performance management, or analytics … the goal of Fathom is the same: to help business management understand what’s happening in their business, and take action when needed. As well as measuring the financial aspects of your business, Fathom also helps to measure and track non-financial KPIs.
<<read more>>