e-Invoicing is a government-supported cloud-based innovation designed to help small businesses streamline their accounting work and get paid faster.
What is e-invoicing?
Currently, most businesses create an invoice and send the PDF via email, or use a word processor like Microsoft […]
This means that if an employee meets the other SG eligibility requirements, you must pay them SG, regardless of how much they earn. However, employees under 18 must still work more than 30 hours in […]
Xero’s small business trends report shows that 60% of small business owners are worried about their household finances running low.
So while 2022 will hopefully be a year of rebounding sales […]
You can use it to work out the fuel tax credit amount to report on your business activity statement (BAS).
The following tables contain the fuel tax credit rates for businesses from 1 July 2021 to 30 June […]
If you employ staff, you’ll need to be ready for this change.
New guidelines that explain the changes are now available to help.
STP Phase 2 reporting means changes to the way you report:
amounts paid […]
Could the quality of your bookkeeping be putting you and your business at risk because you don’t know what you’re […]
Fuel tax credits for fuel use in vehicles on public roads
The amount of credit for taxable fuel that is acquired to use in a […]
Hitting the road?
BP has partnered with Xero Connect in Australia to enable business customers to automate the entry of monthly invoices related to fuel expenses into Xero. This solution […]
Lifestyle assets data matching program protocol
The ATO will obtain information from data providers for the 2013/14 and 2014/15 financial years, to identify taxpayers who are […]
The yes, no and maybe of penalty interest deductions
The term “penalty interest” refers to an amount payable by a borrower under a loan agreement in consideration for the lender agreeing to an early repayment of a loan. […]