Tax And Eofy Resources

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Tax and EOFY Resources

Whether this is your first or tenth financial year as a business owner, the legislation and claimables are always changing. We’ve compiled a series of resources, downloadable spreadsheets, key dates and handy tips and tricks to support you, all in one super easy, super practical place. 

Helpful resources by category

Sometimes you just need what you need when you need it. And when it comes to tax time, chances are you have no time to waste looking. So we've gathered up the important pieces and pulled them together in three neat little collections. Just for you.




All Tax and EOFY resources

For those that want to see everything all at once, this is your collection of tax, Xero and EOFY resources.

11 Sep

How to record bad debts in Xero


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11 Sep

How to record incorrect payment against an invoice in Xero


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28 May

How To Add Long Service Leave in Xero


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18 Mar

The Fringe Benefit Tax traps

The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention.


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21 Nov '23

How to Register a Business for Paid Parental Leave in the ATO Portal


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21 Nov '23

How To Set Up and Process Paid Parental Leave in Xero


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14 Nov '23

FBT-Free Electric Cars

New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how. 


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9 May '23

PCG 2021/4 ATO Tax Ruling Professional Firm Profits - Sample Report

Effective at 30th of June 2023, our sample PCG 2021/4 report uses Dr. Nicole Smart as our example. 


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13 Apr '23

Xero Personal Cashbook: How to edit your chart of accounts


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13 Apr '23

Xero Personal Cashbook: How to reconcile your personal credit card


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13 Apr '23

Xero Personal Cashbook: How to reconcile transfers between your accounts


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13 Apr '23

Xero Personal Cashbook: How to prepare a cash summary report


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13 Apr '23

Xero Personal Cashbook: How to add a bank account


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6 Apr '23

PCG 2021/4 Professional Firm Profit

The ATO guidance (PCG 2021/4) totally changes the way that professional firm profits can be allocated (or split) among a family group from 1 July 2022 onwards.


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5 Apr '23

Tax Planning - What is it and how can it save you money?

When an accountant talks about Tax Planning what do they actually mean? As part of our tax advisory service we always offer strategic tax advisory, but it's important to note there are a lot of things that accountants cannot implement after June 30.


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5 Apr '23

2023 Tax Return - Items To Consider

To maximise your deductions and ensure that your tax return is complete, please review the following items and advise your Accountant if any apply to you.


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5 Apr '23

Tax Return Checklist for Property Investors

Understand what expenses you can claim as a property investor.


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5 Apr '23

Is It Tax Deductible? The Checklist You Need

Everyone wants to pay less tax, right? To do that you need to know what you can claim… and what you can’t.


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5 Apr '23

Why You Should Lodge an FBT Return

Why should you lodge an FBT return where no FBT is payable? Well, for the simple reason that it turns on a three-year deadline for the ATO to commence audit activities. This is a NEW ATO rule as a result of massive deficits due to COVID. The ATO need to gain more funds somehow...FBT liability is one of the methods.


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15 Feb '23

How to Add Users to Your Xero Account


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15 Feb '23

How To Upload Documents to Hubdoc


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15 Feb '23

Publishing Hubdoc Bills in Xero


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15 Feb '23

Identifying Your Top Income Clients in Xero


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15 Feb '23

How To Reconcile Personal Transactions in Xero


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15 Feb '23

How To Process Refunds in Xero


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15 Feb '23

What Account To Use in Xero and When


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15 Feb '23

When and How to Use Bank Rules in Xero


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15 Feb '23

Understanding Tax Rates in Xero and When To Use Them


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15 Feb '23

How To Look Up Your Gross Profit Margin in Xero


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15 Feb '23

How To Look Up Your Profit in Xero


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15 Feb '23

How To Process Subcontractor Super in Xero


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15 Feb '23

Bank Reconciliations: How To Process Split & Part Payments in Xero


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18 Jan '23

STP Phase 2: Pay Item Transition

This video offers a Xero how-to on the latest details of the compulsory STP (Single Touch Payroll) Phase 2 rollout including Pay Item Transition.


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18 Jan '23

Xero STP Phase 2: Leave Transition

This video offers a Xero how-to on the latest details of the compulsory STP (Single Touch Payroll) Phase 2 rollout including Leave Transitions.


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18 Jan '23

Xero STP Phase 2: Employee Transition

Changes are coming about how you manage Xero payroll with Single Touch Payroll (STP) Phase 2. This video explains how to manage Employee Transition in STP Phase 2.


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8 Aug '22

Selling Your Business to Fund Retirement

For the majority of small to medium sized business owners, the value of your business is your biggest asset, and very likely, your retirement fund.


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8 Aug '22

What Home Office Expenses Are Allowed?

If you perform some of your work from your home office, you may be able to claim a deduction for the costs you incur in running your home office, even if the room is not set aside solely for work-related purposes.


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2 Aug '22

Thinking of Selling Your Business

For the majority of small to medium sized business owners, the value of your business is your biggest asset, and very likely, your retirement fund.


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1 Aug '22

HOW TO Use Hubdoc in Xero


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30 Jun '22

Xero Checklist: Your Guide to EOFY Payroll

Whether you need to finalise Single Touch Payroll data or produce payment summaries, this checklist will help you navigate the end of year payroll process from start to finish.


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6 Jun '22

Federal Budget 22/23 Key Superannuation Changes

As we head towards June 30, it's important to know what last minute tax deductions and changes are imminent. Bianca gives us a concise 5 minute summary on the new superannuation rules effective from 1 July 2022.


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23 May '22

Single Touch Payroll changes

In the 2019–20 Budget, the government announced that Single Touch Payroll (STP) would be expanded to include additional information.


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18 May '22

Fuel tax credit changes

The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 until 28 September 2022.


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4 May '22

Preparing for EOFY

As we approach the end of the financial year, there are a number of smart strategies you could consider to help streamline your finances and legitimately reduce your tax liability.


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30 Mar '22

Fringe Benefits Tax - All the need-to-knows

On 31 March, the Fringe Benefits Tax (FBT) year ends. With the ever increasing budget deficits, the ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount. Who needs to lodge a FBT return? Find out here.


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15 Nov '21

Tax Effective Ways to Retain Good Employees in a Post-Pandemic Workforce

In this webinar we will go through tax effective strategies that can achieve a net-benefit to your employees without costing you more.


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12 Aug '21

HOW TO record receipt of the State Government Business Grant


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11 Aug '21

Growing Your Business With Confidence Post-COVID

Helping you lead & manage your business better. A webinar in collaboration with Mornington Peninsula Shire Council as part of their Small Business Workshops.


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7 Apr '21

Minimise Your Business Tax: The Guide

Here’s a guide to the strategies you can use to minimise your business tax.


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7 Apr '21

Minimise Your Personal Tax: The Guide

Now's the time to review what strategies you can use to minimise your tax before 30 June 2022.


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23 Mar '21

What is a Car Fringe Benefit?

A car fringe benefit commonly arises when an employer makes a car they own or lease available for the private use of an employee.


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23 Mar '21

Entertaining, Meals and FBT

An everyday occurrence across the business landscape in Australia is the practice of taking both existing and potential clients out for a meal to cement the business relationship, with the cost of this meal often covered by one party.


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23 Mar '21

How The ATO Identifies Potential FBT Employers

The ATO has signalled that there will be an increased focus on FBT this year. Given the ever-improving tools at the ATO’s disposal, in conjunction with the government’s need to raise additional revenues, it is important that employers ensure they remain compliant with their FBT requirements.


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23 Mar '21

Providing Cars to Employees - Tips & Traps

Granting employees’ access to company cars is treated by the ATO as a ‘non-cash benefit’, more commonly referred to as a fringe benefit.


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18 Jan '21

XERO Me Payroll App


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19 Nov '20

Tax deductions for investing in your business

Stimulating investment is high on the Government’s agenda. To encourage spending, the 2021-22 Budget introduced a measure that allows businesses to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use.


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26 Oct '20

HOW TO Give Your Employees a Cash Boost At No Cost To You


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5 Aug '20

HOW TO Look Up Your Accounting Info For The $10K State Grant Applications


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15 Jun '20

HOW TO Record Deferred Rent for LANDLORDS with COVID-19 Rental Code requirements


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1 Jun '20

HOW TO record receipt of the Instant Asset Write-off in Xero


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1 Jun '20

HOW TO record receipt of Cash Flow Boost in Xero


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27 May '20

HOW TO Record JobKeeper Payments in Xero


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27 May '20

Xero Business Dashboard Snapshot



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