Tax

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03-Oct-2018

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Tax deductions for small business owners

Tax time is fast approaching—it’s important to do your homework and know exactly what tax deductions you can claim.

29-Aug-2017 Float

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How Cloud Technology Has Transformed the Role of Accountants

The role of a tax accountant has been continuously changing over the course of the last 50 years, and it is currently undergoing yet another transition period with the growing popularity of cloud accounting.

26-Jun-2017 Neto

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12 QUESTIONS EVERY SMALL ECOMMERCE BUSINESS OWNER SHOULD ASK AT TAX TIME

Preparing your business activity statement (BAS) or income tax return is definitely one of the less glamorous elements of running your retail or ecommerce business.

20-Apr-2017

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“Let me tell you how it will be”: What the taxman can teach you about getting paid on time

I recently overlooked a GST bill.

The taxman is not okay with that. He wants his money. And fair enough; I want free healthcare and the other benefits of being a taxpayer.

27-Sep-2016 Business.govt.nz

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If disaster strikes, what happens to your tax, bills and any staff?

Emergencies that force you to stop trading, like earthquakes, floods or fires, come with little or no warning. To give your business the best chance of survival, you need a contingency plan. Make sure it includes what happens after disaster strikes, when less — or no — money might be coming in.

27-Aug-2016 business.gov.au

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Are you new to business?

No matter what type of business you start, while you’re getting up and running, you’ll have a number of expenses that you’ll need to pay for up front.

To help you invest more money in growing your business, you’re now able to claim back certain startup costs, sooner.

16-Aug-2016 business.gov.au

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7 step checklist for your business this new financial year

It’s the beginning of the new financial year which means it’s time to review, reset and plan for the year ahead.

Here are 7 steps to help your business start the new financial year out right.

26-Jun-2016 Xero

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Home-based business owners: are you aware of these tax deductions?

Close to one million businesses in Australia are home-based – a significant portion of the nation’s business community.

Running a home-based business offers a number of advantages including flexibility, convenience, freedom and cost savings. And when it comes to tax time, operating a business at or from your home means you may be eligible for a number of tax deductions.

26-Jun-2016 business.gov.au

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Are you searching for an Australian Business Number (ABN)?

We’ve recently added an ABN search feature to the new business.gov.au. This feature is similar to the ABN search feature you may have used on our site previously.

26-Jun-2016 business.gov.au

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Claiming the costs for your business website

Your business website costs may be claimed as a tax deduction...

26-Jun-2016 ASIC's Moneysmart

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Tackling your tax in 2016

It's tax time again. Follow our top tax tips to make tax time a breeze.

26-Jun-2016 business.govt.nz

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Little to tax small businesses in 2016 Budget

There were few surprises for small businesses in the 2016 Budget, but there were still things to smile about. The biggest of these were aimed at boosting innovation and simplifying taxes. Here’s what you need to know:

26-Jun-2016 Xero

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What could Brexit mean for my small business?

Are you considering what the legal implications might be for your business if Britain does vote to leave?

Several areas we see businesses concerned with are adjusting business contacts, managing your workforce, and intellectual property rights.

It’s important to realise though that changes will not happen immediately. There will be a period of time when the United Kingdom can negotiate its future relationship with the European Union (EU). The process is regulated by law by Article 50 of the Lisbon Treaty.

29-May-2016 Xero

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Facts about how important small businesses are to the AU economy

During the 2015 federal budget, the Australian Government labelled small businesses as the ‘engine room of the Australian economy’ – driving growth and creating jobs.

A year on, the federal government solidified that moniker. They handed further tax cuts to small business owners and increased the revenue threshold to include a further 60,000 businesses not previously eligible for lower taxes and asset deductions.

25-Apr-2016 business.govt.nz

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Got staff? You need to know the new rules

If you employ people you need to take the time to understand a number of employment law changes.

25-Apr-2016 Xero

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e-GST and Xero Tax making it easier for small business

In December 2015, we started a GST pilot in which 1,400 businesses sent their GST returns from Xero direct to Inland Revenue. The very successful first phase of the pilot has just wrapped up. The small businesses who participated were enthusiastic:

25-Apr-2016 business.govt.nz

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Tax: Pay-as-you-go for better cashflow

New proposals will give small business owners a pay-as-you-go option for provisional tax — income tax by another name. This is one initiative in a package of proposed tax changes aimed at reducing the stress of tax compliance for businesses.

25-Apr-2016 Xero

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6 Changes to UK Payroll for 2016/2017

The 2016/2017 tax year looks set to be another challenging year for small businesses up and down the country as a result of a number of changes in UK payroll that take effect this April.

From Auto Enrolment to the National Living Wage we take a quick look at the top changes facing payroll for the 2016/2017 tax year.

29-Mar-2016 business.gov.au

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Employee or contractor – do you know the difference?

As an employer, it's important you understand the difference between employees and contractors. You're responsible for getting it right!

29-Mar-2016 Xero

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Xero Payroll helps you get ready for payroll year end in the UK

Payroll year end can be stressful when you’re balancing deadlines with normal business tasks and activities.

25-Feb-2016 business.govt.nz

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Four minute round-up of 2016’s law changes

Here’s a summary of upcoming law changes that affect small businesses — check out which apply to you.

26-Jan-2016 Business.gov.au

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What’s new for businesses from 1 January 2016

Welcome to 2016!
To help your business start 2016 off on the right foot, we’ve put together a list of changes for business that came into effect from 1 January 2016.

26-Jan-2016 Xero

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5 reasons working with an accountant on your taxes makes you a genius

Whether they realize it or not, small business owners spend a great deal of their time trying to avoid becoming a statistic. Accountants are vital to that mission.

25-Nov-2015 business.govt.nz

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Alert: Deadline to company director changes ended 28 October

From 28 October all New Zealand companies must have at least one director who lives in New Zealand, or who lives in Australia and is a director of an Australian registered company.

New Zealand companies that don’t comply risk being removed from the Companies Register.

If your company doesn’t have a New Zealand-based director, you will need to appoint one who lives in New Zealand or in Australia immediately.

There’s also additional information about directors you’ll need to provide when filing your Companies Office annual returns.

25-Nov-2015 business.govt.nz

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Government hours over Christmas and New Year

Most government agencies close down over Christmas and in early January. Here’s a list of who will be open and who shuts down for holidays.

25-Nov-2015 business.govt.nz

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Tax on Christmas parties and presents

It’s coming up to that time of year when you might be planning a staff Christmas party. It's great for morale and a chance to mark the end of the year. But what are the tax considerations?

You may be able to claim as business expenses events such as Christmas functions or giving gifts to employees.

25-Nov-2015 Inland Revenue

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Using your home for business

Many people who run a small business use an area in the home for work purposes. You do not have to have an area specifically set aside for the business. If you're doing this, you can make a claim for the area so long as you keep a full record of all expenses you wish to claim.

25-Nov-2015 Xero

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File your GST returns straight from Xero – pilot program

Last week Revenue Minister, the Hon. Todd McClay announced an industry initiative enabling businesses to file GST returns straight from Xero to Inland Revenue (IR), rather than having to file a separate return. No more filling out forms. Nothing to print, sign or post.

28-Oct-2015 Australian Taxation Office

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Closing, selling or changing business structure?

You need to cancel your ABN after you’ve sold or closed your business.

28-Oct-2015 Business.govt.nz

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Special tax codes and deduction rates: What to do

Sometimes an employee will ask you to make tax or student loan deductions from salary or wages that are not at the standard rate.

28-Oct-2015 Business.govt.nz

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TPP: What it means for small business

Negotiations for the Trans-Pacific Partnership free trade agreement have concluded. The 12 Asia-Pacific countries involved account for 36 per cent of the global economy – but what does it mean for your business?

28-Oct-2015 Xero

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Small business owners choose Clinton over Sanders; but The Donald trumps them both

Of all the presidential hopefuls, America’s small business owners would trust Donald Trump to run their operations and champion their cause on the Hill, a new survey from Xero has found.

28-Sep-2015 business.gov.au

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How Free Trade Agreements can help your business

Did you know that Free Trade Agreements (FTA) can be used by businesses large and small?
As FTAs come into force, you may find new opportunities to expand your business overseas. Or, you may find that overseas investors are interested in partnering in your business operations.
Make sure you understand how FTAs work and what help is available to you!

28-Sep-2015 business.gov.au

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Going carbon neutral in your business

If you want to reduce greenhouse gas emissions in your business and help the environment, going carbon neutral in your business is a great way to do your part.

28-Sep-2015 business.govt.nz

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Checklist: Companies Amendment Act changes

If your business is a registered company, a law change means you must have a director who lives in New Zealand – or who lives in Australia and is a director of an Australian registered company – by 28 October.

You’ll also need to provide some extra information about directors and any ultimate holding company with your next annual return.

Make sure you’re sorted by following this quick and easy checklist:

28-Sep-2015 business.govt.nz

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Registering for GST? Four ways to avoid delays

You have to register for GST as soon as you think you’ll earn more than $60,000 in a 12 month period, but you may want to register earlier so you can claim back GST while your business is still small. Make sure you provide the correct information so your registration isn’t delayed by avoidable mistakes.

27-Jul-2015 Xero

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Summer Budget: What it means for UK small business

Chancellor George Osborne announced a tough Summer Budget yesterday in an effort to turn the UK’s whopping £70 billion deficit into surplus. But what does it all mean for UK small businesses?

Xero UK MD Gary Turner shares his thoughts on the pros and cons of this year’s Summer Budget.

26-May-2015

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What does the NZ Budget Mean for Small Business?

The Government this month handed down the 2015 NZ Budget with a few surprises in store. This Budget continues to deliver on National Government’s pattern of fiscal responsibility. This is a positive thing for New Zealand business as it creates an environment of certainty and stability for businesses to invest.

26-May-2015

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What does the new Government mean for UK small businesses?

The 2015 UK election results are in and the Conservatives are back in charge, this time governing alone. So what does the new government mean for UK small businesses?

24-Feb-2015 Australian Taxation Office

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ATO Mobile App

The ATO app puts tax and super help in your hand, making it easier for you to conduct your tax and super affairs on the go.

24-Feb-2015 Australian Taxation Office

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Claiming website development costs

If you pay for a website for your business, here are some things to remember about claiming the costs…

24-Feb-2015 Australian Taxation Office

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Starting your business

Starting a business is a big decision, and needs careful research and planning well before you start trading.

16-Jan-2015 ReceiptBank

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Digital Tips to Attract Clients Online This Tax Season

Your website or LinkedIn profile will often be the first thing about your company that a prospective client sees, and as we all know, you only get one chance to make a good first impression.