***as at 20 April 2020***

Sometimes we just need someone to spell it out for us, right? 

This blog is for anyone who

• Uses Xero accounting software*, and
• Intends to receive the Job Keeper payments, and

• Has employees

If you have no idea what I am talking about, no stress. Check out the 2...

***as at 14 April 2020***

 One of my favourite sayings is "I'm not bossy, I am the boss", though the word bossy is still quite a trigger for me! 

This blog is all about support and options available to employers through covid. We have a separate blog for sole trader specific covid...

***as at 1 April 2020***

It is a big, scary, confusing world out there normally, let alone today, and when we work for ourselves it can feel all that more alone. But, rest assured, we're all this shit boat together sailing the choppy seas... and I am right here with you and I have been trained to...

Are we there yet?

Nope, sorry my friends. We're at the start of the journey now and yes, there is a long road ahead. I think this COVID stuff is going to impact every human, it is just a question of when and to what extent. I encourage you to be sensitive to one another through this - we're all...

Keep Busy (or not)

Here are some of the things I have been doing through my first 15 days of COVID self-imposed isolation, that have kept me sane:

• Rest - you are on a pretty extreme emotional journey right now and your mind and your heart might need a break. Take it, guilt free. You will be more...

In times of uncertainty it can feel impossible to find a way forward.

I know personally I have been on an emotional journey since that first announcement of the cancellation of Melbourne International Comedy Festival. A lot of my friends, and of course my clients, were affected by this decision...

PAYG-W

PAYG-W stands for Pay As You Go Withholding. These are tax amounts that the employer withholds from their employees' salary and wages, to then be paid to the ATO on their behalf. Businesses also withhold money from contractors who might have voluntary agreements in place and...

PAYG-I

PAYG-I stands for Pay As You Go Instalments. They are like instalment or pre payments the ATO kind of make you pay towards your end of year income tax debt. 

We like these because they help us (force us) to put money aside for tax. Instead of it sitting in our bank, teasing us...

This is the juicy stuff!

The number one question accountants get is:

“how do I reduce the tax I pay?”

Now that question is a little counter intuitive if you ask me, because if you make more money you pay more tax – so to me, more tax is a good sign!

BUT what we don't want you...

#1 Questions I get asked: What can I deduct for tax?

This blog is going to answer that question for those of you running small companies. Fortunately for you, the tax office is pretty forgiving, so majority of the expenses you incur in running your business can be deducted for tax.

This includes...