AppliedEducation

asset write-offs

Tips to Coding the Instant Asset Write-Off Post Budget

Legislation passed at the start of this month, regarding the instant asset write-off for small and medium sized businesses with a turn-over of less than $50million. There are now three tiers of threshold that bookkeepers, accountants and tax agents need to be aware of for this financial year and next.   Thresholds       […]

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single touch payroll

A busy time for bookkeepers with Single Touch Payroll

A busy time for bookkeepers with Single Touch Payroll With the introduction of Single Touch Payroll (STP) Xero announced at their recent road shows that they are tipping the busiest year of all time for bookkeepers. There are up to 90,000 small business currently using paper for their payroll that will need to move across

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virtual-cfo

Why Virtual CFOs are the future of financial services

We’ve all heard the term Chief Financial Officer (CFO) and we know what it is, right? They handle everything related to a company’s finances – reporting and analysing your financial results, overseeing cost-benefit analysis, cost control, securing new funding etc. As financial management is a crucial component in the running of a company, a CFO

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Payroll

Legislation passes for Single Touch Payroll for all Australian businesses

Last month it was legislated that Single Touch Payroll (STP) will be extended to employers with 19 or fewer employees, starting from 1 July 2019. This means that no longer will any business be reporting their payroll activity once a year to the ATO, instead every business in Australia will need to send a report

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