by kirraconsulting | Oct 18, 2021 | Bookkeeping, Small Business, Tax, Xero
Bookkeeping Services We often get asked what is bookkeeping compared to accounting and is there a difference? Bookkeeping is at the base of accounting, and accounting uses the information provided by bookkeeping to prepare financial reports and statements....
by Kirrily Burton | Jan 17, 2021 | Bookkeeping, Small Business
2020 was such a difficult year for businesses. COVID-19 brought closures and sudden, decreased income for most businesses. With so much uncertainty, a businesses needs timely access to accurate information about their performance. It is crucial that they have...
by Kirrily Burton | Mar 18, 2020 | Small Business, Tax, Uncategorized
COVID-19 – GOVERNMENT’S ECONOMIC RESPONSE The Government is acting decisively to support households and businesses and address the significant economic consequences of the Coronavirus pandemic. A second set of economic responses have been announced,...
by Kirrily Burton | Nov 21, 2018 | Small Business, Tax
Single Touch Payroll (STP) Single Touch Payroll (STP) is said to be the largest change to business reporting since the introduction of the GST. What is STP? A change to the way that employers notify the Australian Taxation Office (ATO) of employee tax and...
by Kirrily Burton | Sep 14, 2018 | Small Business, Tax
From the 2017/18 financial year, a lower company tax rate of 27.5% (previously 30%) applies for qualifying Companies. How do you qualify? Turnover of less than $25 million (increased to $50m for the 2018/19 year) 80% or less of assessable income is passive...
by Kirrily Burton | Jul 12, 2018 | Small Business
Do you pay a Bookkeeper, who is not an employee, and they prepare your BAS? Bookkeepers help Businesses focus on the important job of running their business. If you are running a business and then also spending time working on the books and preparing your own BAS,...
