Tax Lodgement Due Date Fast Approaching

The final date for the lodgement of 2015 income tax returns is 16 May*. That is less than one month away! It is important to lodge your tax returns on time, as the ATO may impose penalties and charge interest on any amounts due if your return is lodged late. […]

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 […]