GST on Google AdWords

This morning Google announced that they were changing some of their advertising terms and conditions. The most important part of the announcement is that goods and services tax (GST) will be charged on Google AdWords spends from 1 November 2016. As a technicality, Google are assigning Australian based advertising contracts […]

2016 Budget Update for Small Business

Last night the Treasurer delivered his first budget, which lays the way for a Federal Election on 2 July. This year we have split our Federal Budget update into two parts. This second part contains announcements relevant to businesses and business owners. You can read part one with announcements relevant […]

Two Factor Authentication in Xero

While not a new feature addition to Xero, we haven’t written about it, and as data security is very important to us, thought it prudent to share. A few months ago Xero enabled users to sign in using two factor authentication. For those not familiar with the term, two factor […]

Xero Promotion

Xero Logo

For those of you out there thinking about using Xero to maintain your financial affairs, have yourself an early Christmas! Until 24 December, we have a special promo code to offer Cake Accounting clients 25% off the regular price of a Xero subscription for twelve months. That is a saving […]

Structures Part 2, Companies & Trusts

This is part two of a three part post covering business structures. Part one covers individuals and partnerships, this part considers companies and trusts and part three will consider combinations of these structures. While the usual requirements when carrying on a business are constant, each of these structure have different […]

Structures Part 1, Sole Traders & Partnerships

This is part one of a three part mini-series on structuring a business in Australia. When carrying on a business, there are generally four structures that can be chosen: An Individual (Sole Trader) A Partnership A Company A Trust This part will cover individuals and partnerships, part two companies and […]

2015 Federal Budget

Last night Joe Hockey delivered the Abbott Government’s second budget. As there is no shortage of commentary on the politics of the budget, we have focused on taxation and related changes within the budget and their impact of this budget on small businesses, individuals and families. There are other announcements, […]