When you want to simplify payroll, the simple choice is Xero

If it’s time to (start using/switch to more powerful) online payroll software, I recommend Xero payroll for many reasons. We have listed a few of the reasons below on why Xero Payroll makes for one of the best choices for running payroll in your business. Simplicity – With just a few clicks you can choose how often employees are paid, select multiple pay rates, reimburse expenses, manage employee leave and pay employees. Tax and leave calculations are automatically …

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What is SEO and how you should empower your business with it

SEO or Search Engine Optimisation is the term used to describe a number techniques you can use to increase the visibility of your company online. SEO may involve some time invested, but it is worthwhile to increase traffic and enquiries through your website Why is SEO so important? The internet is now the first port of call for most people when they are looking for a local business so having prominence in search results is vital. Plus, …

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All you need to know about single touch payroll

Single touch payroll (STP) is a new regulation that changes when and how small businesses report payroll activity to the Australian Tax Office (ATO). Businesses used to report this information to the ATO once a year. Now, they need to send a report after each payday. And those reports must be submitted digitally, using a very specific format. Changes to when you report payroll Small businesses used to finalise their payroll records at the end of the …

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Are you a slave to your business?

Your business is there to serve you; not the other way around. In other words; you should never be a slave to your business. DO you find yourself on the never ending merry go round of business, day to day, week to week and before you know it months have passed and it feels like nothing is improving? Being a slave implies a victim mentality – that the world has simply dealt you a bad hand, that you …

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Going away… Out of Office replies count

I’m not a huge fan of auto-replies, but they can be a necessary evil and a godsend at times when used well. It’s probably the last thing you do before you head out of the office to enjoy your holiday, but here’s why you should take some time to create your out-of-office message. But to ensure that you can relax more and work less over the holiday break without upsetting too many, be sure to take a …

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Hold me accountable or else what?

While many of us attended School and some possibly University or Tafe, however many of us simply didn’t get the assignment on what makes a good business and what makes a poor one. A great idea starts and people get inspired to take off and give it a go when starting out on their own. With so many taxes, employment and a myriad of other financial considerations to work through, many of use fumble or learn by …

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Do you love the Changes?

You may have noticed a few changes to the navigation in Xero. Launched on 27 November 2018, these changes bring a more logical framework to the menus and are more in line with the way businesses use Xero. One of the most obvious updates is the split between business tools and accounting tools. The accounting tools include financial reports and compliance functions that are more commonly used by accountants and bookkeepers. The business menu holds all the …

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Get more from Xero with your Chart of Accounts

What is it? The chart of accounts is the list of all accounts your organisation can use to record your transactions in Xero. The Xero chart of accounts has a flat structure designed to suit a small business. Every account in your chart of accounts has several components and you can edit some components, and use components to learn more about the account. You will need the Adviser or Standard user role to view accounts in the chart …

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Xero makes getting loans simpler

Business Loans and how to apply

Applying for a business loan can be easy Need some extra cash to take your business to the next level, but daunted by the loan process? You’re not alone. There can be a lot of paperwork and number-crunching involved. Before you get started, remember that a bank wants your application to succeed as the interest you pay is a vital revenue stream to them. So it’s up to you to make their job easy by turning up …

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Every Ending had a Beginning

Your Succession Plan and where you should begin You’ll leave or sell your business someday, so how do you make sure it’s on the best possible terms? Here’s our advice… What is a succession plan? It’s a plan for the exit of yourself from your business, it’s where you will decide how and when you will exit and one of the most excruciating decisions – who will be your successor. Executing a well-thought-out succession plan can increase your …

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