If you are a Maribyrnong Business owner and not using accounting software to record & allocate your business expenses then you may be unsure about how to group or categorise your business expenses into logical categories. We are here to help. Read on for more information.
Business Expense (Bill) recording with Xero Accounting
Author: Duncan Warnock CPA | March, 2016
Small Business accounting & bookkeeping of expenses is made so much easier when using Cloud Accounting software solution Xero. This article shows you a real example on how to enter a Bill (expense) into cloud accounting software solution Xero.
Small employers (19 or fewer employees) must meet the SuperStream standard by 30 June 2016. Larger employers should have been using SuperStream since 31 October 2015. Read this article to learn how we can help you meet your SuperStream employer obligations
Small Business Bookkeeping of expenses is made so much easier when using Cloud Accounting software solution Intuit QuickBooks. Learn how to record a business expense using Intuit QuickBooks by reading this informative & easy to follow article.
'What HECS HELP Repayments do I have to make based on my income?' As an individual tax return specialist here in the inner west of Melbourne this is a common question that we often hear from customers in Maribyrnong, Ascot Vale, West Footscray & Yarraville . The income threshold and the percentage of your income you need to repay usually changes each year.
Cloud Accounting software solution Xero provides great functionality and flexibility for creating invoices. At Warnock Accounting (Maribyrnong) we love cloud accounting solutions because we are a small business and we love helping small businesses. Watch the Xero Invoicing video to learn just how easy Xero Invoicing is.
Even if you know that you are running your business as a Sole Trader (also referred to as ‘sole proprietorship') you might not really know 'What is a Sole Trader?' Warnock Accounting look after a large number of Sole Traders in the inner western suburbs (Maribyrnong, Ascot vale, West Footscray, East Keilor etc.) of Melbourne as well as other parts of Victoria. Read on for useful tips relevant for Sole Traders.
As the sun starts to set on the 2015 financial year self employed sole traders should assess if there is an opportunity to minimise their tax for the financial year from a super contribution tax deduction.
Here at Warnock Accounting we are passionate proponents of cloud accounting software. The flexibility of being able to access a cloud accounting package anywhere and anytime you have an internet connection makes it a must have in comparison to a desktop based software package.
One of the main cloud accounting packages available is Intuit QuickBooks. It is used by 1.48 million worldwide and has 3 types of subscription offerings. The current retail price of the most advanced offering called ‘Plus’ is $35per month. It you subscribe to Intuit QuickBooks via an Intuit Pro Advisor such as myself then it will be even cheaper than that. To request further information contact use at Warnock Accounting.
If you work within the real estate industry then there are real estate industry specific as well as general tax deductions that you might be entitled to that you are not aware of. Ensure you get the opportunity to claim all the tax deductions that you are entitled to by getting help from a good accountant with your annual tax return.
If you work as a teacher then there are teacher specific as well as general tax deductions that you might be entitled to that you are not aware of. As a father of 2 school children I really admire the expertise, effort and patience of school teachers. I love to help teachers with their annual tax return to ensure they get the opportunity to claim all the tax deductions that you are entitled to.
There is a good reason why Xero is referred to as ’beautiful accounting software’. It is user friendly and looks good whether you are viewing it on your computer, iPad or iPhone at your office or at a café.
As a small business owner the decision to employ or contract your first worker or subsequent worker is often an exciting milestone in the journey of your business. As well as enjoying this milestone it is also very important that you fulfil your employer obligations.