XERO tricks and tips

Using BANK RULES in XERO There’s nothing more satisfying to a bookkeeper than coding 300 or more transactions with a single click of their mouse. One of the most powerful functions of XERO is the ability to automate the coding of transactions by using BANK RULES. If you’re not using BANK RULES in XERO then…

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Support for youth employment

Youth Jobs PaTH is a flexible new approach to youth employment. It is designed to support young people to gain the skills and work experience they need to get and keep a job. It also supports employers to host internship placements and provides them with incentives when they take on a young person. Youth Jobs…

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ATO disclosure of tax debt info to credit agencies

Businesses and their tax advisers may have been wondering what has happened to the proposal to allow the ATO to disclose overdue tax debt information to credit reporting agencies. While some may have thought it was already in operation, that is not correct; it is still a work-in-progress. The ATO is conducting a webinar on 22 November about proposed legislation allowing it to…

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Deductions for presentation skills

A recent decision by the ATO has revealed that an employee’s self-education expenses are to be taken more liberally than specifically written in the legislation. The ruling, which allowed an individual to claim a deduction for a course designed to improve presentation skills, presents a wider scope to a deduction that was considered quite narrow…

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Why we love XERO

When I first came across XERO in 2008, it wasn’t exactly love at first sight, it was a bit clunky but I could see it had some revolutionary features that I liked.  I started using it when it first launched in Australia and I’m now a total advocate. It is by far the most efficient and…

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