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Getting Prepared
for EOY

With the end of financial year fast approaching it is a busy time for businesses. Below is a basic summary of important dates and year end processes to get you started. Important Dates 14th July 2017 – Payment summaries need to be provided to employees by this date 28th July 2017 – Due date for

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The 5 key advantages of Cloud Computing

Over the last 5 or so years the cloud computing has gone from being the new frontier to a common business practice. Everything from internet banking to sourcing your favorite recipe is now “on the cloud”. So the question is why has this occurred and what does it mean for your business? Firstly, lets define

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Federal Budget 2017: What it means for you?

On Tuesday 9 May, the Federal Government handed down its Budget for the 2017–18 financial year. According to Federal Treasurer Scott Morrison, this year’s Budget is founded on the principles of fairness, security and opportunity. Mr Morrison claims that the government’s proposed measures will raise almost $21 billion in revenue over the next four years,

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Legitimacy of Emails Received

Over the past couple of months we have received many queries from clients receiving suspicious emails from government agencies in regards to their financial information. Example of email received For this particular example, clients have been receiving letters from ASIC for the renewal of their company. Consider the following: If POOLE GROUP have set up

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Unoccupied Builing

Coverage for Unoccupied Buildings

Unoccupied buildings – what you need to know An unoccupied or vacant home, building or property is perceived as a higher risk. Insurance policies generally allow for short periods of unoccupancy; however the allowance period varies. It can be up to 60 or 90 days, although not all policies are the same. One Landlord’s policy

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Direct Insurers more likely to deny claim

The Australian Securities & Investments Commission (ASIC) has recently released Report 498 which highlights the benefits of using an adviser for personal retail insurance (Term Life, TPD, Trauma and Income Protection) as opposed to other channels like direct insurance and insurance held via group superannuation accounts.  The report shows that you are 71% more likely

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Renovation Risks

Get coverage before renovations When any alteration, renovation or upgrade occurs at your commercial property or home it’s vital to ensure that you have adequate insurance coverage in place. Depending on your contract and what work is being undertaken, we may have to endorse or arrange alternative or additional coverage. The majority of insurance policies

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Xerocon 2016 Wrap-up

Last week, several of our team members headed down to Brisbane for the coveted Xerocon. A technology conference aimed at Accountants & Bookkeepers (which at first you wouldn’t have though so) with entertainment with the likes of a cartoonist, a Hindu priest, dunny putt-putt, seesaws, and a flash mob. Our team walked away from the

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Know the Limits of your Superannuation Contributions

For many years now Australians have been allowed to place non-Concessional Contributions into superannuation with minimal restrictions. This all changed on the 3rd May 2016, when the Government announced changes to the level of annual concessional contributions and changes to the life-time limit on non- concessional levels. The extra tax, applicable when you breach these

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Reviewing your SMSF Strategy

The federal election has now come and gone and we await the passing of the legislation announced in the May 2016 budget. If this legislation is passed, our clients will be in a better position to plan moving forward. However, July each year offers us a reminder to attend to a number of housekeeping issues

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Incentives for Investing in Startups

The Federal Government recently announced a raft of new initiatives under their “National Innovation and Science Agenda” which you may have seen advertised on television.  One of these initiatives was incentives for anyone who invested new equity capital in an eligible startup business.

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Xero Hesitation: 10 reasons we keep recommending Xero to our clients

“What’s the best accounting software for my business?” As accountants we’re asked that a lot. And for most small- and medium-sized businesses the answer is, without hesitation, Xero. Why? Because we think it’s the best accounting software currently available. And here are ten reasons why we keep recommending it to our clients. Easy to use

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3 Key Reasons To Use Chaser Accounting Software: Improve Cashflow and Reduce Debtors With Ease

Taking control of your cashflow and managing debtors are challenging elements to running a successful business. Reminding people to pay you on time is a crucial function in a business, yet often business owners are so busy that they overlook it. Sure, you could hire staff to chase up and remind your debtors for you,

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4 Ways To Avoid Data Entry: Receipt Bank Accounting Software Saves Time and Money

We love the Xero cloud accounting platform, but one of the reasons for that is not just the Xero app itself: It’s the ‘app eco-system’ of addon partners that provide specialist software programs that integrate simply and easily with Xero. These addon apps help you to improve efficiencies and information flow in your business.

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