Xero is a great introductory accounting and business platform. It is an online accounting system designed for small businesses and their advisors. The main modules it supports includes bank reconciliation, invoicing, inventory, accounts payable and financial reporting. From the main dashboard you can see an overview of all your vital business data in a nutshell.
Benefits include:
- Share access to your accounts with your bookkeeper or accountant.
- Bank feeds automatically imported from your bank, credit cards and PayPal.
- Create and send professional invoices & get paid online.
- Login anytime, anywhere on your Mac, Windows, iPhone or Android.
- FREE Feature updates, automatic backups, support and more.
Visit Xero.com.au for more information or contact us for friendly assistance.
www.ackbookkeeping.com.au
Having an ABN does not automatically make a woker a contractor.
The terms and conditions under which the work is performed will determine whether workers with skills or qualifications are employees or contractors.
The ATO's Employee or contractor home page has all the information in one place to determine if a worker is an employee or contractor.
For more information or assistance, contact us today.
If you have employees who are certain that they will earn less than $18,200 in total income from all sources for the financial year, they can now claim the tax-free threshold from all their employers and other withholding payers.
To claim the tax-free threshold the employee needs to complete a Withholding declaration (NAT 3093).
For more information and friendly assistance, please feel free to contact us .
