May 13, 2015 | By : admin

One of the biggest announcements in last night’s budget was the reintroduction of the 100% deduction for equipment purchases by small Businesses. However, this time it’s a more generous limit of $20,000 per item. So what can this mean for your business? Business with an annual turnover of under $2 million can claim immediate tax deductions for as many sub – $20,000 purchases as they make between 7.30pm on budget night until June 30th 2017. The $20,000 tax break applies to businesse

Apr 24, 2015 | By : admin

I was just recently reading that the ATO estimates that over 80% BAS reports are incorrect. Giving this some thought I felt that this would be timely being a BAS deadline this month to list the most common GST errors that I have come across in my profession as a BAS Agent. Incorrect tax codes in your Chart of Accounts It is advisable that you have either your BAS Agent or Accountant set up your Chart of Accounts tax codes BEFORE you use your online accounting software. Claiming GST against

Mar 27, 2015 | By : admin

During the February Xero Roadshow, they announced that they are offering free conversions from MYOB/Quickbooks to Xero for certified partners. It was a well-received announcement – the room erupted into applause! I know that one of the biggest obstacles as a Xero partner is moving my clients over to Xero and welcomed the news that they would provide my clients with a service that would be easy, automated, and best of all, free. They choose Jet Convert for their conversions as they have ma