Bookkeeping & Business News
Read all the latest news, tips and advice from our team of Xero Advisors.
Being a business owner can be stressful, and there are never enough hours in the day to do it all! That’s where our blog comes in: we want to ensure you feel supported through the process of owning a business. We’re committed to continuously updating our blog to keep our clients and the small business community informed and supported.
We will keep you in the loop by providing accounting and bookkeeping tips, changes to legislation, and industry news and updates. We’ll share news about the team, case studies from clients, and articles from Directors Karen Burgess and Brodie White, to assist you in setting up and maintaining the financial foundations you need to thrive.
Want to learn more about what we’re passionate about? Read about our work in our local Newcastle & Hunter Valley community.
We love feedback too. If there is a topic you would like to learn more about, or if you would like further information, please get in touch with us.
Adjustment Notes – What You Need to Know
We explore recent changes by the ATO to the requirements surrounding compliance with Adjustment Notes.
Balanced Beans Awarded Xero Gold Partner Status
Balanced Beans are delighted to announce that we have achieved Xero Gold Partner status allowing us to support our clients even better than before.
Holiday Cashflow for your Small Business
While your business is closed during the holiday period, overheads and salaries still need to be sorted. Cash-flow planning and stretegies can alleviate some of the stress.
Tax Implications of Work Christmas Parties and Gifts
Many businesses assume that work Christmas parties and gifts to staff and clients are automatically tax-deductible. It’s not that simple!
Record-keeping requirements for your business
You must keep detailed records for all transactions related to your tax and superannuation affairs as you start, run, sell, change or close your business.
Varying PAYG instalments for the new financial year
You can vary your PAYG instalments if you think you will be paying too much when compared to your estimated tax for the year.
Four things to look out for this tax time
While you are getting your information ready for us to prepare your 2021–22 income tax return, here is a short list of items the ATO is on the lookout for this tax season.
Prepare for finalising 2022 Single Touch Payroll
It’s time to make a finalisation declaration for Single Touch Payroll (STP). As a reminder, there is no longer any need to issue payment summaries
Director ID – Everything You Need to Know
Are you, or are you planning to become the director of a company? If you answered yes, that means you will need to apply for a director identification number.
Helping new businesses start up, ensuing their finances are in good hands
Jarrod White, Director of InGear Mechanical came to us, new to business as a start-up. He needed assistance with choosing the right software for their