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Federal Government Measures: The Government has released an updated stimulus package aimed at easing the cost of retaining staff during this difficult period. The features of the stimulus measures being taken by the Government are as follows: Relief for Small Businesses: Boosting Cash Flow for Employers: The main feature of the stimulus package is in the form of a credit payment made to the activity statement account of businesses with employees. This amount is equal to 100% of the PAYG…

With the 2019/20 Fringe Benefits Tax (FBT) year end approaching on 31 March 2020, now is the time to take note of the updates and changes that have occurred. If your business provides any benefits to your employees or spouses (director’s included), this could create an FBT liability that needs to be addressed. A common example is motor vehicle benefits. The odometer reading must be taken on the 31 March 2020 Logbooks must be done per employee every 5 years…

After their 2018 acquisition of Hubdoc, Xero has been focused on the ease of capturing your data/bills and receipts from clients and syncing the data into the Xero systems. From 18 March 2020 the Hubdoc software will be included in all Xero Starter, Standard, and Premium plans at no extra charge. When you use Hubdoc and Xero together, you can save time, scale your practice, and build stronger relationships with your small business clients. Xero acquiring Hubdoc creates a number…