Recently CloudCounting became a Registered Tax Agent with the Tax Practitioners Board. Hurrah! We received our notification from the TPN of the registration. Then … nothing. So, if you are lucky enough to have received your registration, we thought we would step you through how to get your Tax or BAS portal set up. We […]
I’m starting a new business. Which is the best structure for me?
One of the most common questions we get here at CloudCounting is which structure is the best way to set up my new business? Of course this is a complex topic, but in summary we would ask you the following questions: Do you expect to have a number of clients, or just one client? Is […]
ATO Deferred GST | How to Complete the BAS
The ATO has a little known but very helpful scheme in place to assist importers with their cash flow. The scheme is called Deferred GST. This allows freight forwarders to waive the GST cost of imported goods when they land in Australia. The client is charged the GST by the ATO on a monthly basis […]
Xero New Reports & Xero Budget Manager – A Powerful Combination!
Today a non profit client who has 15 departmental budgets asked us to put together a budget report package for their Board of Directors. The end result was very impressive! This is how we did it: – Using the Xero Budget Manager, we created 15 new budgets – linked to the relevant tracking category, and imported […]
Dec 2015 BAS Lodgement – Appointments Available Now
It’s that time again! The December 2015 BAS returns are due to be lodged by 28 February 2016. If you would like CloudCounting to prepare & lodge your BAS, please Book Online via our website and select either the Prepare the BAS (no need to meet) or Prepare the BAS (Meeting Required) option. The reason […]
Are the Debtors correct in Xero?
Welcome to our second part of our Xero Training notes! In this blog, we will show you how to check to see if the debtors list is showing correctly in Xero. This is important because you may have amounts showing on your debtors list that have been paid already. The first thing to do is to […]
I’ve coded all my bank feeds in Xero … All done?
Welcome to our Xero training school! In our inaugural edition, we will show you how to check your Xero file to ensure the file is ready for quarter / year end to send in to your accountant, and to ensure you have a clean set of data so you can rely on your profit and […]
MYOB – the financial year is set correctly but I cannot change any transactions!
Recently, I had a consult with a client where the financial year was set as per expected (30 June 2015) but it was not possible to modify or change any transactions – i.e. all transactions had a grey zoom arrow which means that you cannot edit. It took me about an hour but I finally […]
I’ve made a mistake with my 2015 PAYG Summaries and I use MYOB! Help!
Yesterday I had a call from a client who had mistakenly reported SGC Super (the bit at 9.5%) as RESC (Reportable Employer Superannuation Contribution). As you may know, SGC should not be reported in this area on the PAYG Summaries. So, what to do? The client confirmed that they had already uploaded the EMPDUPE file […]
It is almost end of financial year 2015 … what do I need to do?
Can you believe we are almost at the end of yet another financial year! Here is a list of things you as a business owner should be thinking of prior to 30 June 2015: 1. Is your projected taxable income higher this year than last? Consider bringing expenses forward if you are a small business. […]