Important Updates for Business Owners

With another BAS Period coming to a close, Matthew McDowall from the Xero team has put together a short video describing a recent addition to the GST Activity Summary report, Unfiled GST Amounts.

Xero have added this new feature to pick up the transactions that can sometimes get missed when completing your activity summary due to timing of transactions and coding.

Xero Activity Statement Reporting – Unfiled GST Amounts

With another BAS Period coming to a close, Matthew McDowall from the Xero team has put together a short video describing a recent addition to the GST Activity Summary report, Unfiled GST Amounts.

Xero have added this new feature to pick up the transactions that can sometimes get missed when completing your activity summary due to timing of transactions and coding.

XERO Payroll 2021 – Lori Hall talks EOFY

Lori Hall from MB+M presents a video outlining what you need to look out for when finalising your Xero Payroll for 2021.

ATO Focusing On Small Business Taxpayers

ATO Deputy Commissioner for Small Business Ms Deborah Jenkins has given an address on matters relating to small business taxpayers. Issues discussed include the small business income tax gap, the ATO’s compliance focus for small businesses and how the ATO addresses risks in the small business industry.  Read on for more information

Xero vs MYOB Comparison – A Second Opinion

MB+M Business Services brings you another article: Xero vs MYOB Comparison – A Second Opinion   Xero vs MYOB AccountRight Live Comparison – A second Opinion This comparison was written by Charles Klvana, Xero Partner of the Year for 2013. It is in response to a comparison of the same programs by Pam Pitt, MYOB Partner … Continue reading “Xero vs MYOB Comparison – A Second Opinion”

ATO Increasing Emphasis On Debt Recovery

Taxpayers falling behind on tax debts and lodgement obligations can soon expect contact from the ATO in the wake of JobKeeper ending.

The change in approach comes after the ATO began sending letters to taxpayers in February to warn them of potential sterner action if they failed to make good on their obligations and had refused to get in touch with the Tax Office.

The ATO has stated that from the end of March 2021, where appropriate, penalties will resume.