Small business tax & AI – Pros & cons

Small business tax & AI – Pros & cons

In recent years, artificial intelligence (AI) has become an increasingly popular tool for small businesses in Australia, to streamline their tax return processes. With the ability to automate many of the manual tasks involved in tax preparation, AI has the potential...
Stage three of XERO’s STP Phase 2

Stage three of XERO’s STP Phase 2

We’re now arriving at the final stage of Xero’s transition to STP Phase 2. Rolling out from late October, stage three introduces a new set of ATO reporting categories for use in your practice’s leave pay items. You will be notified within...
2022-23 Budget 2.0: Shuffling the decks

2022-23 Budget 2.0: Shuffling the decks

There is nothing in the 2022-23 Budget that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. And, the commodity...
Xero makes accounting simple

Xero makes accounting simple

What exactly is Xero you may ask? Xero is a fast, simple and powerful online accounting software for small businesses. It carries out bookkeeping functions like invoicing and payroll. Using a software such as Xero can incredibly speed up the accounting process, it...