It’s not about the convenience, it’s about your security.

It’s not about the convenience, it’s about your security. Xero’s new two-step authentication Working with our clients recently there were a lot of questions around Xero’s introduction of two-step authentication (2SA) and how it’s another thing to do in your business. When talking this through with clients I explain how this is just another example of how serious Xero takes on their role as custodians of our data. In my eyes, this is just another example of why I love …

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The Evolution of the Modern Day Accountant

As an industry, we are going through a change in response to compliance automation, tax simplification and an increasing demand from clients for more proactive services.  So what does this mean for our clients at Business Edge Accountants? It means we are more focused on delivering business development services by getting up close and personal with our business clients to deliver more value to them and their businesses. The evolution in business development services is needed in three areas: …

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A faster way to get paid – with Xero invoicing

Xero online invoicing removes the limitations of using traditional paper invoices to get paid. Xero’s built-in online invoicing features let your business carry out the whole invoice process electronically. There are key tools for creating repeat invoices, taking online payments, tracking sales revenues and chasing up any late payments – all from inside Xero. Removing the hurdles to efficient invoicing The traditional way of raising invoices puts a whole bunch of hurdles in the way of your …

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Getting to know the Xero Dashboard

Getting to know the Xero DashboardThe Xero Dashboard is a one-stop hub for all your key financial information.The dashboard is where you’ll see what’s in your bank account, who’s paid your invoices, and which supplier bills are due for payment – all customisable to show you the important numbers and metrics you need to stay in control of your business accounts.The hub for your key numbersGetting to grips with your finances can be confusing. Xero’s approach is …

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You need a plan for your business!

‘Fail to plan, plan to fail’, as the saying goes. If you’re going to create an effective, successful and profitable business, you need to create a solid strategic plan Your business plan is the route map that defines your goals, explains your strategy and gives real direction to the everyday running of the company. So what should you include in your plan? 5 key elements to include in your business plan To create a truly robust and …

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We’re helping young people in need

The Business Edge team have been living, working and supporting the local people, businesses and community for over 25 years and we proudly sponsor various community and sporting groups. We are especially proud to join with Junction Support Services during Homelessness Week, 6-12 August, to assist young people in our community who are experiencing or at risk of homelessness. An award winning local not-for-profit organisation, Junction assisted more than 550 people of all ages who were experiencing …

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The Power of a Key Performance Indicator!

The Power of a Key Performance Indicator! So what is all the fuss about? What are they really? Why are Key Performance Indicators important in your business? If your nodding you are head in agreeance you’ll find your not alone, so many business owners out there are busy enough in doing the day to day tasks let alone reporting on ‘KPIs’! But if you’re frustrated by not getting the results you had hoped for, then setting KPIs might …

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Book in you 2017 Tax Return at our Albury Office

legally-save-tax-week-4- Tidy up the house

End of Year adjustments to make saving by tax planning INVESTMENT PROPERTY DEPRECIATION If you own a rental property and haven’t already done so, arrange for the preparation of a Property Depreciation Report to allow you to claim the maximum amount of depreciation and building write-off deductions on your rental property. PRIVATE COMPANY (“DIV 7A”) LOANS Business owners who have borrowed funds from their company in previous years must ensure that the appropriate principal and interest repayments …

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LEGALLY SAVE TAX – Week 3 – Things you need to save you CASH!

Save Tax by using what you already have and need Saving on tax can be as simple as smart planning by utilising expenses that you’re already incurring or going to incur anyway. Having a better than average year, pull expenses into the 2018 Financial year. This also applies if you think sales and profit is down in 2018, push expense forward into next year where you’re legally allow to. TOOLS OF TRADE / FBT EXEMPT ITEMS The …

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Fixed Fee Accounting

LEGALLY SAVE TAX – Week 2 – Super Strategies to save you CASH!

Save on Tax this year with this Super Strategy! MAXIMISE DEDUCTIBLE SUPER CONTRIBUTIONS The concessional superannuation cap for 2018 is $25,000 for people of all ages. Do not go over this limit or you will pay more tax! The non-concessional contributions cap for the 2017/18 has been reduced to $100,000. Individuals with total superannuation balance of more than $1.6 million are not eligible to make non-concessional contributions. The full co-contribution rate applies for income up to $36,813 …

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