Entries by Salisbury Accountants & Business Advisors

Xero increased security

February 17, 2020 in /by

Xero’s increased security on user data has changed the way you log in

Just one easily guessed password can stop your business in its tracks.

When it comes to keeping your Xero data secure, put an extra deadbolt on the door with two-step authentication (2SA) and stay safe online.

Seeing that cyber-crime has gained […]

What are your revenue goals?

February 12, 2020 in /by

It’s Never Too Late!

OK, the year is well underway… and it seems like just moments ago we were wrapping up the prior year. How has it started for you?

Are you ultra-focused on the goals you set and making measurable progress? Or are you just treading water, marking time, chalking up ‘Another Yesterday’?

As […]

myGovID replaces AUSkey from March

February 10, 2020 in /by

myGovID is Australia’s digital identity provider which transforms how we interact with the Government

It’s like the 100 point ID check but on your smart device. This will make it faster and easier to prove who you are when accessing government online services.

You can download the myGovID app from the App Store or Google […]

Do you hire contractors?

February 5, 2020 in /by

When hiring workers, do you understand the difference between contractors and employees for tax and super purposes?

Getting it wrong compromises your ability to meet tax and super obligations, and can mean your workers miss out on employee entitlements.

If your business misclassifies workers, employers can also be caught out with penalties and charges.

Understand […]

Salary sacrificing super

February 3, 2020 in /by

Information for employers

An employee can ‘sacrifice’ part of their salary or wages into super contributions under an agreement with you.

You then pay the sacrificed amount to your employee’s super fund on their behalf.

There may be benefits to both of you in that:

for your employee salary sacrificing is a tax-effective way of […]

Bushfire assistance

January 30, 2020 in /by

Bushfires November 2019

Devastating bushfires have been burning across large parts of New South Wales and Queensland since November 2019.

Support is available

If you’ve been impacted by these bushfires, we don’t want you to be concerned about your tax affairs. Now is the time for you, your family and community. We’ll help you sort […]

Policy details from insurers about “lifestyle assets”

January 28, 2020 in /by

ATO receives five more years of policy details from insurers about “lifestyle assets” like yachts, fine art

The Australian Taxation Office (ATO) revealed it will be requesting a further five years’ worth of policy information from over 30 insurance companies about taxpayers who own marine vessels, thoroughbred horses, fine art, high-value motor vehicles and aircraft.

[…]