Month: April 2026

Setting up a new Pty Ltd in Xero: chart of accounts, tracking and user access tips is a key step in getting your business structure and software working together from day one. When you move from sole trader to a Pty Ltd company, you are shifting to a proprietary limited company that is a separate…

Bookkeeping tasks you must complete before your business goes into liquidation help you stay in control when your company is unable to pay its debts and the winding up process becomes unavoidable. Liquidation is the process of closing a company’s business, selling assets and using the cash received to pay creditors as far as possible.…

Using cloud bookkeeping to tag and track deductible vs non‑deductible expenses makes it much easier to see what deductions you can claim and what must be left out of your tax return. When your expenses are coded correctly, you can more easily identify eligible deductions, avoid confusion at tax time, and support more accurate tax…

Salary Sacrifice and HELP/HECS: What Employers and Employees Need to Watch Out For is about how salary packaging can reduce income tax while still increasing the income used to calculate student loan repayments. If this balance is off, employees can face unexpected HELP or HECS bills at tax time even when their payslips show less…