Is Xero good for small business owners?

Is Xero good for small business owners?

Xero Accounting Software can be a good choice for many small business owners, but whether it’s the right fit for you depends on your specific needs and circumstances. Here are some factors to consider when evaluating if Xero is a suitable accounting software for...
Changes to deductions for the 2022-2023 income tax year

Changes to deductions for the 2022-2023 income tax year

Cents per km method If you’re claiming for car expenses the cents per kilometre method has increased from 72 to 78 cents per km. If you use this calculation method, the cents per kilometre rate of 78c covers all your vehicle running expenses including servicing, fuel,...
What should be considered before starting a business?

What should be considered before starting a business?

Launching a business might be the greatest method to implement your ideas. Starting a new business gives you control over how your products are made, who is involved, where they are marketed, and how they appear in the marketplace. It might enable you to turn a hobby...
Why do I need a Director ID?

Why do I need a Director ID?

In Australia, a Director Identification Number (Director ID) is a unique identifier assigned to individuals who are directors of companies registered with the Australian Securities and Investments Commission (ASIC). The introduction of Director IDs is part of the...
Why Do Businesses Hold End of Financial Year Sales?

Why Do Businesses Hold End of Financial Year Sales?

Businesses often hold end-of-financial-year (EOFY) sales for several reasons:   Inventory clearance: As the end of the financial year approaches, businesses aim to clear out excess stock or outdated inventory. By offering discounts and promotions during EOFY...