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Does my business need to register for GST?

By nicole on March 8, 2017 in News Feed

You must register for GST if your current turnover (turnover for the current month and previous 11 months) or projected turnover (turnover for the current month and the next 11 months) is $75,000 or more. If your turnover is under the $75,000 threshold, GST registration is optional.

For example, if you have sales of $80,000, you would …

Top End of Financial Year Tips for SME’s

By Newcastle Bookkeeping Solutions on June 11, 2016 in News Feed

$20,000 asset write-off

The instant write off applies to assets purchased up to the value of $20,000 for business that have annual revenue of up to $2 million. This gives an immediate tax deduction instead of having to write the asset off over the following years (depreciate). Eligible assets include things like vehicles, office furniture and equipment.…

BAS Solutions

By Newcastle Bookkeeping Solutions on November 24, 2015 in News Feed

September BAS was due for payment and lodgement 25th November. If you still have not lodged, we can contact the ATO on your behalf and get you up to date!…

How to deal with paper receipts

By Newcastle Bookkeeping Solutions on November 24, 2015 in News Feed

If your receipts end up everywhere but in the office, check this video out. Take a photo of your receipt and send via the Receipt Bank App through to Xero – throw away receipt. Too easy!!
Watch the how to video here…