VES Insights, your go-to newsletter for the latest in bookkeeping, automation, AI, Xero tips, and essential ATO updates to keep you informed and on track. From simplifying your bookkeeping to harnessing the power of automation and AI, our newsletter is packed with valuable tools and reminders to help you stay ahead.
Holiday Celebrations and Tax Implications: What You Need to Know
As the holiday season approaches, businesses are planning year-end parties and gifts to show appreciation for staff and clients. These celebrations come with unique tax considerations, including FBT rules, deductibility, and GST claims. Understanding what’s claimable and how minor benefit exemptions apply can help you manage these costs smoothly.
Preparing for Christmas: Public Holidays and Shutdowns
With year-end approaching, many businesses are planning for annual shutdowns and managing payroll and leave. This season brings unique challenges with varying employee leave arrangements, awards, and payment requirements. Our guide offers essential steps for a smooth shutdown: early employee notifications, documentation of leave, holiday pay considerations, and advance payroll planning.
MyGov is Switching to myID
The myGovID app will soon be renamed myID. While the app’s name and look are changing, the login process and security features remain the same. Learn practical steps for a smooth transition and essential security tips to protect your business information during the change.
Disclaimer: This newsletter is intended to provide general guidance and is not specific advice. We encourage you to seek tailored advice for your circumstances.
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