With the festive season just around the corner and many of you preparing for some well-deserved holiday breaks, it’s essential to ensure timesheets are completed accurately to avoid any pay discrepancies. We’d like to remind you of the correct way for your employees to fill out their timesheets in the Xero Me App during this […]
Xero Me App to Fill in Your Timesheet for Public Holidays Read More »
As jingling bells and festive cheer fill the air, we’re gearing up to ensure a smooth holiday season for everyone at KBAS Bookkeeping! 🎅🎄 To help us prepare and to assist you with planning, we’d love to confirm your business closure dates. Just a gentle reminder: In the spirit of the season—and to keep everything
Christmas Trading Hours Read More »
Thinking of hosting a Christmas Party to thank your amazing team? Here’s what to keep in mind so your festive shindig doesn’t lead to a tax sting: Fringe Benefits Tax (FBT) Rules: Before you uncork the bubbly, remember that the Australian Tax Office (ATO) has rules about “entertainment expenses.” If your party costs less
Throwing a Christmas Bash Without a Tax Hangover Read More »
The Business Basics Grants Program is designed to help businesses improve their core skills and adopt industry best practices. Each round of the program offers detailed guidance to help businesses prepare, apply for, and manage their grants effectively. This round of the Business Basics Program for funding up to $7,500 (GST excluded), focuses on
Business Basics Grants Program: Supporting Business Growth and Best Practices Read More »
Overhead costs, often known as fixed or indirect expenses, are essential business obligations necessary for running a business but do not directly contribute to the production of goods or services. Examples include administrative expenditures, professional fees, insurance, permits and licenses, property taxes, rent payments, utilities, and office equipment. These costs are crucial for small businesses
Reviewing Overhead Costs in Business Read More »
Did the end of the financial year come and go in a whirlwind, leaving you feeling a bit under-prepared? Now is the perfect time to make sure that doesn’t happen again. Here are some tips to help you stay on top of things and set yourself up for success. First, ensure your bookkeeping is accurate.
End of Financial Year – What is Next? Read More »
Underpayment of wages can result in jail time for Business owners AND directors when convicted of the offence of knowingly underpaying staff. It is now a criminal offence for QLD employers who underpay their staff. Legislation was passed by the Queensland Labour Government. Workers or a Union acting on behalf of a worker can initiate
Underpayment of wages can result in Jail time Read More »
The Business Basic grant of $5000 will be a hotley contested grant and you need to register an expression of interest. Small businesses can now check the eligibility criteria and other details for the upcoming fifth round of the Business Basics Grants, which will focus on resilience. This grant will launch on 29th May 2024 at
Business Basics Grant Launch Read More »
May in Australia is a month to honour the entrepreneurial spirit that drives our economy forward. We celebrated the ingenuity, resilience, and dedication of small businesses across the nation. From innovative startups to established family enterprises, these businesses are the backbone of our communities. The Sunshine Coast Business Awards, now in their 29th year, reflect
Sunshine Coast Business Awards Read More »
Xero has made some significant changes to the subscription plans—for the Better. We have outlined a few of the changes here so you can better understand them moving forward. These changes will not come into effect until 1 July 2024, so we have a little bit of time to adjust the News!! Xero has refreshed
Xero Price & Subscription Changes Read More »
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