News

End of Financial Year for Small Businesses

End of Financial Year for Small Businesses

As we near the end of the 2017 financial year the Care Accounting team share a few tips to ensure that you end the year on a high and are ready to start 2018 in tip-top shape.   Bank Reconciliation Ensure all bank transactions are reconciled.  We will need copies of...

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Winding up Xero Payroll for 2017

Winding up Xero Payroll for 2017

We all know Xero has streamlined payroll compliance for small businesses and their reporting of year end data is no different.  Below is a brief step-by-step guide of how to wind up your payroll duties for the 2017 financial year including generate employee payment...

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2017/2018 Budget

2017/2018 Budget

The 2017-18 ‘Budget of Choices’ was announced on 9th May 2017.  Below we list a number of the proposed measures that may directly impact you and your business:   Medicare Levy to increase To help fund the $22 billion National Disability Insurance Scheme, the Medicare...

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2017 Legislation Update – Taxation & Superannuation

2017 Legislation Update – Taxation & Superannuation

As we fly through 2017 at lightening rate, we thought we’d update you on recent taxation and superannuation changes that may affect you or your business.   Small businesses get bigger: The Treasury Laws Amendment Bill 2016 has increased the number of entities that...

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DocuSign Phishing Attacks

DocuSign Phishing Attacks

As many of you are aware, we use the DocuSign software to obtain electronic signatures for your tax documentation.  It is apparent that in the last couple of weeks there has been a significant increase in phishing emails that ‘spoof’ the DocuSign brand with the aim to...

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Fringe Benefits 2017

What are they? Fringe benefits include any item that is provided to your employees that is not in the form of their normal salaries and Fringe Benefits Tax (FBT) is the tax levied on these benefits. The current FBT rate is 49% however some items are exempt.   When do...

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Xero Updates & Pricing Changes

Xero Updates & Pricing Changes

Well they have been busy at Camp Xero implementing handy little features that we are loving: Mobile app for timesheets Outstanding invoice reminders and online payments options DropBox integration On-charging expenses to customers during reconciliation Super...

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2016 Budget – 10th May

2016 Budget – 10th May

Whilst we can't speculate with any degree of comfort on proposed 2016 budget measures, the buzz on the street seems to centre around the following issues: GST reforms plan off the table The focus of the 2016 budget to be around spending cuts It is likely​ that there...

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Care with Care!

Care with Care!

Care Accounting are proud to announce our preferred charity beneficiary as CARE Australia. Aside from a great name(!), CARE Australia is a wonderful organisation that assists women with: access to health services gaining education generating an income avoiding...

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Tax Planning 2015

Tax Planning 2015

Well as we near the end of the 2015 financial year it’s time to start tax planning.  To help you the busy bees at Care Accounting thought they would share a few of their top tips with you… Deferring income: It’s no surprise that a lower income results in a lower tax...

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