Another year is almost over so it's time to start getting ready for your 2021 Income Tax Return.
Every time you enter a bill or an invoice to Xero a new contact is created - but did you know that you can do some smart things with these entries?
Xero has a lot of quick shortcuts you can use - we've outlined some of them below
If you have more than one bank account in Xero then this should help to save you time and minimise errors!
Are you trialling a new function in your business and want to know the costs? Tracking categories can help you do that without adjusting your normal operating chart of accounts.
If you've used Xero for as long as we have - you'll know there is a lot of data in your Xero file! This tip will help you locate things quickly.
If you have a new phone you may have realised authentication apps do not transfer. Here is how to set them up again.
It is good practice to periodically check the details of your employees to ensure their address details and pay rates are correct
Do you set Goals each year? Or do you tell yourself to set New Years Resolutions? Should you? And if you do......how do you perform each year?
What this means for you and your business
This year's budget is all about spending to continue to stimulate the economy. Specifically aimed at hiring and investment along with some tax cuts thrown in.
Another year is almost over so it's time to start getting ready for your 2020 Income Tax Return.
During COVID, my employer required me to work from home. Therefore I incurred additional costs in order to perform my job. What can I claim?