As accountants, the team at S & W normally get excited at federal budget time. There are normally all kinds of changes that we speculate on in the weeks leading up to the budget, and we love to dissect them in the days after. This year was different – even we found it boring.
In this article we touch on Pension Loans Scheme and a few other changes we think might be of interest.
If you have heard or read about anything in the Federal Budget that concerns you, don’t hesitate to contact us to discuss.
XERO – WHAT IT CAN DO IN RELATION TO ONLINE PAYMENT!
If you are currently using Xero and you are not using the online payment system then you will not be using the software to its fullest potential.
In this article we touch on the popular payment systems used within Xero. If you need help with connecting the online payment system on Xero please do not hesitate to contact our bookkeeping team or Quang Tat, who heads up the bookkeeping division.
WHAT WAS IN THE BUDGET THAT RELATES TO YOUR SUPERANNUATION FUND?
An SMSF friendly budget is the good news coming out of the 2018-19 Federal Budget. With SMSF members still working through the wide-reaching and complex superannuation changes which took effect from 1 July 2017, this Federal Budget will provide much needed stability while looking to reduce costs for SMSFs and prove additional flexibility.
Financial forecasts assist in managing your business finances. They are future predictions of your business finances, as compared to historical financial statements. Without forecasts there is no way you can foresee profit or cashflow problems on the horizon.
Click here to read 5 simple ways that forecasting can help your business.
Kreston Stanley Williamson Team
*Correct as of May 2018
*Disclaimer – this article has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this article, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under professional standards legislation.