Question: How do I create a tax scale for the recently introduced “Backpacker Tax”? Solution: Create a new PAYG Tax Scale with percentages for the new backpacker levels. The Issue In December 2016 the Australian Government finalised the re-categorisation of foreign visitors on working holiday visas (“backpackers”) for PAYG withholding purposes, from parity with “Residents” […]
Reckon One Training Videos Were you aware that Reckon has a great series of online training videos for Reckon One users? With these videos you can learn how to navigate Reckon One. There’s heaps of videos to choose from all of which are listed below. Simply click on the topic to be directed to the […]
CC or BCC when emailing Invoices This update allows you to carbon copy (Cc) or blind carbon copy (Bcc) when emailing invoices to your customers. When you’re in an invoice screen you will see where you can add multiple email addresses in the email field by separating with a comma. You will also see the […]
Xero Bank feeds support better Cashflow Xero bank feeds happen daily & make it easy to get an accurate view of how your business is performing. In the near future, Xero will offer access to daily direct bank feeds for some 100 financial institutions in Australia and that means they’ll be connected with 98% of […]
Cash flow in business is imperative if the business is to survive and building and keeping an adequate stockpile of cash provides maximum opportunity and flexibility to any business while enabling its owners to sleep soundly at night. Even so, many small business owners will admit they have or have had a cash flow problem. […]
Meeting financial reporting deadlines is one of the most important tasks for business owners however small business owners often struggle to do so as they’re often time poor from all the other tasks they must do on a day to day basis. In addition generally the small business owner goes into business to do what […]