A point to remember in Xero is that although your bank transactions are downloading into Xero, you should still monitor the balance of your bank accounts. This is easily achieved by running a Bank Reconciliation report. This report will show up any
Archives for November 2016
SuperStream is LIVE
The SuperStream system is now live for all payers of superannuation. Any payments made outside the SuperStream system will be rejected and if the compulsory contributions remain unpaid after the applicable date then penalties and interest will be
Tax Audit Insurance – also covers BAS claims
Did you know that the Tax Audit Insurance we offer covers you for any queries the ATO might ask in terms of Business Activity Statements? For example, a business purchases a large capital item and the ATO queries the abnormal claim of GST and
Commercial Vehicles – the ATO is getting sneaky…
Commercial vehicles are generally exempt from FBT and log book requirements. Many believe though that this means you can just claim 100% of the GST on the purchase price as well as 100% of GST on the related vehicle expenses. Not so. Commercial
