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, […]
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 […]
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 […]
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 […]
Self Managed Superannuation Fund sector continuing to grow
The Australian Taxation Office (ATO), have just released their latest quarterly findings on the SMSF space. The SMSF sector continues to grow at an astronomical rate. There are now in excess of 1 million SMSF members with more than 534,000 SMSFs in existence, a 6% increase compared to June 2013. The number of funds established […]
Why independent financial advice is the best choice for successful professionals in Melbourne
With the average net worth of Australians growing beyond any levels we have previously experienced, higher income opportunities available to many and property prices in many capital cities growing at astronomical rates, it is more important than ever to seek the right financial advice. The right kind of advice can positively impact on so many […]
Maddern Accountants – Your new XERO partner in Melbourne
At Maddern Accountants in Melbourne, we are very excited to announce that we have recently teamed with XERO to become a XERO Partner. If you are a small to medium sized business owner in Australia and have not heard of XERO, you soon will. Xero is revolutionising business financial management by offering to its users […]
Helping Melbourne small business cashflow – how to encourage customers to pay on time
It is a courageous and credible decision to give up the certainty of a salaried wage paid on the X day of the month, every month, in return for the responsibility (and freedom) of running your own show. However, managing small business cash flow can sometimes be a juggling act, and it is certainly stressful […]
Accounting and Medical Advice for new Doctors, Dentists & Medical Professionals in Melbourne
You have slogged it out at University for many years, survived days without sleep, countless unpaid placements and the internship years. Finally, you have started (or finished) your residency placements and the real dollars are starting to flow in to your bank account. Many Junior Medical Officers & Dentists start their careers with a base […]
Can self-funded retirees access a concession card?
Many self-funded retirees are surprised to learn that they may qualify to receive a concession card upon ceasing work, despite not qualifying for any Government Age Pension or DVA payments. Most Centrelink benefits require applicants to meet income and/assets tests before they can qualify for a benefit, and whilst the Commonwealth Seniors Health Care card […]