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Tax office makes new ruling for property investors
Tax office makes new ruling for property investors A new Tax Office ruling clarifying the criteria for deductions on income earned through specific lease arrangements may limit property investors who incorrectly claim losses on their properties. The ruling, issued mid-September, sets out parameters for claiming losses on properties that are let at arm’s length or to relatives, or on properties that are used […]
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What can a XERO add-on do for Melbourne businesses?
What can a XERO add-on do for Melbourne businesses? Xero is truly an incredible product. Not because it is a bookkeeping program that makes you coffee, does your tax returns or magically improves your cashflow, but because of the way in which it integrates with other complimentary products known as ‘add-ons’ to automate business processes.  What is an add-on I hear you ask? Basically, […]
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Funding options for start-ups and new business
Funding options for start-ups and new business Each and every year in Australia, thousands of new businesses start. Two of the questions I am commonly asked as an Accountant are “How do I source capital as a start up?” and “what sort of loan should I apply for?” We have prepared a short guide on the factors that we think are important […]
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Changes to how superannuation pensions affect social security benefits
Changes to how superannuation pensions affect social security benefits From 1 January 2015, income from superannuation pensions will be taken into account in determining whether you are eligible to receive the Age Pension (full or part payment) or the Commonwealth Seniors Health Card (CSHC).  This might affect your ability to access either of these social security benefits in the future. The social security means […]
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Why are Melbourne’s best businesses switching to XERO?
Why are Melbourne’s best businesses switching to XERO? Xero is revolutionising business financial management by offering to its users a clean interface, easy to use reporting functions, amazing support and best of all, they evolve with technology rather than behind it. Data is simply not entered into XERO, it flows seamlessly by linking to your business accounts and intuitively recognising information. Cost effective accounting and […]
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