Recent changes to the Income Tax Act have been passed as part of the Taxation (Annual Rates for 2019-20, GST Offshore Supplier Registration, and Remedial Matters) Act 2019, which became law on 26 June 2019. The changes limit the ability to offset losses from...
With the end of the financial year almost upon us, there are some important things to prepare for and consider. 1. Bad debts: Are there any invoices that you have chased for payment, taken all reasonable steps to collect, but have concluded that it is now a bad...
Do you use a vehicle for your business? There are different treatments to obtain income tax deductions for motor vehicle expenses, depending on the type of business entity. A motor vehicle may be used by a sole-trader or partners in a partnership for both business and...
We have put together some Xero tips and tricks that will save you time and help you run your business more profitably. 1. Email PDF bills into your Xero Organisation By forwarding PDF invoices straight into your Xero organisation using the unique Xero bills email...
As we approach the half-way point of the financial year, it’s a good time to review how your business has been performing for the year to date, make adjustments to increase revenue or decrease expenses and take advantage of new opportunities. Key Takeaways: Be...
Recent Comments