Salary sacrificing is a term that many of us have heard, but what does it actually mean and how can we benefit from its use? In our animation, we consider the tax-effective and wealth accumulation benefits of entering into a salary sacrifice
Receiving cash for work you do
Your employer may pay your wages to you in cash (or with a cash cheque), rather than into your bank account. Paying wages in cash is legal and may be more convenient. Some businesses deliberately use cash transactions to avoid meeting their tax and
Xero Tip – Transferring between bank and credit card accounts
If you transfer amounts from and to the bank accounts that download into Xero care should be taken to make sure that the transaction is taken up correctly. By using the transfer tab when processing the reconciliation of the transaction and
Are you SuperStream ready?
Another warning to our clients that the Superstream system is now live for all payers of superannuation. Any payments made outside the SueperStream system will be rejected and if the compulsory contributions remain unpaid after the applicable date
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