The latest accountancy news
April 2022
What’s the ‘One step’ you’re taking this year?
[ad_1] As humans, we are hardwired to fear the unknown. At the same time, with rapid changes in modern technology, it’s important for small businesses to stay open to the progress this innovation brings. When [...]
The rise of the insightful practice
[ad_1] Data is the modern day gold rush, to the point where it’s no longer just a business performance tool, but an entity embedded into everything we do. If you consider how the last two [...]
Budget reply speech aspires to longer-term solutions to cost of living pressures
[ad_1] With the next federal election due in a matter of months, the traditional Opposition Leader’s Budget reply speech is likely to be more closely watched this year. As is usual for this speech, the [...]
Special reports on measures in new legislation
[ad_1] <p>The <a href="https://www.legislation.govt.nz/act/public/2022/0010/latest/whole.html"><em>Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Act 2022</em></a> was enacted on 30 March 2022. These special reports provide early technical coverage of two measures in the Act and are [...]
KPMG and Xero bringing bookkeeping to the cloud
[ad_1] We’re thrilled to announce Xero has entered into an agreement with KPMG Finance Plus to provide a cloud bookkeeping and accounting service solution for small and medium-sized businesses across Canada. “At KPMG Finance Plus, [...]
March 2022
Tax Bill passed
[ad_1] <p>On 29 March 2022, Parliament passed the <a href="/bills/53-65">Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Bill</a>, which was introduced on 8 September 2021.</p> <p>The Bill includes measures aimed at limiting the deductibility [...]
Announcing the Xero Beautiful Business Contest Winner: Alissa Millett of Soulteria
[ad_1] Earlier this year, we announced our Xero Beautiful Business contest, which gave U.S. small business owners the chance to win a $15,000 office refresh by celebrated stylist and interior designer, Estee Stanley. Entrants were [...]
Xerocon London: Why you should bring your team along (if you can)
[ad_1] You wouldn’t send your friend to a music festival and ask them to report back on what they enjoyed. It’s something you need to experience for yourself. In our opinion, the same can be [...]
How to leverage automation to audit-proof your record keeping
[ad_1] This is a guest post written by Edwine Alphonse, who joined Ramp in March 2021 as their first controller. Edwine is also a CPA and has held many leadership roles at EY, PwC, and [...]
Expanding partnerships within the US Hispanic community
[ad_1] According to research from Stanford University, over the last 10 years, the number of Hispanic business owners in the US grew 44%, showcasing how Hispanic-owned small businesses are one of the fastest-growing demographics in [...]
Xerocon London: Announcing the first lineup
[ad_1] On 20-21 July, 2,000 boundary pushing accountants and bookkeepers will congregate on Tobacco Dock. It’s an unmissable event for any practice looking to stay ahead of the curve. We’re really excited to share our [...]
The top myths about eInvoicing, busted
[ad_1] Is eInvoicing on your radar? This new way to manage invoicing holds huge promise for the 90 per cent of Australian small businesses that still send PDF or paper invoices. Why’s that? Well, it’s [...]
A match made in heaven: Announcing our Valentine’s Day prize winners
[ad_1] If there’s one thing we’ve noticed about the Xero community, it’s that there’s something just a little bit special about it. The way accountants and bookkeepers have poured their hearts and souls into supporting [...]
Consultation on top tax rate avoidance prevention proposals
[ad_1] <p>The Government is seeking feedback on measures that would limit the ability of individuals to avoid the 39% or the 33% personal income tax rates by using a company structure.</p> <p>For more information on [...]
How small businesses can sign up for Making Tax Digital for VAT
[ad_1] When entering a period of disruption, we’re often encouraged to look at the bigger picture. Yes, moving house is a pain, but the additional space and plush en-suite is worth the hassle. Yes, government-mandated [...]
Xero’s position on Ukraine and Russia
[ad_1] Xero strongly advocates for the restoration of peace, and we respect Ukraine’s sovereignty and the protection of its people. Xero extends its support to the people directly and indirectly affected by the invasion of [...]
Minimum standards for financial reporting by domestic trusts
[ad_1] <p>Trusts with assessable income have increased disclosure requirements for the 2021–22 and later income years. This includes the requirement to prepare a statement of profit or loss and a statement of financial position.</p> <p>The [...]
The reliability of UK bank feeds
[ad_1] For more than a decade, we’ve given customers the option to connect their bank account to Xero, so their transaction data automatically flows into our software. These bank feeds help streamline reconciliation and offer [...]
Consultation opens on gig and sharing economy proposals
[ad_1] <p>A public consultation document, <em><a href="/publications/2022/2022-dd-digital-platforms-gig-sharing-economy"><strong>The role of digital platforms in the taxation of the gig and sharing economy</strong></a></em>, was released today.</p> <p>The paper contains proposals aimed at making it easier for people who [...]
Despite pandemic disruption, the advisory industry is ready for growth
[ad_1] The past two years have undoubtedly transformed the world of accountancy and tax advisors. In the depths of pandemic disruption, bookkeepers and accountants continued to be trusted advisors to small business owners across the [...]
Consultation on GST apportionment and adjustment rules
[ad_1] <p>An officials’ issues paper, <strong><em><a href="/publications/2022/2022-ip-gst-apportionment-rules">GST apportionment and adjustment rules</a>,</em></strong> seeks feedback on issues with the GST apportionment and adjustment rules and on policy options for reforming and simplifying these rules.</p> <p>The GST apportionment [...]