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Bookkeeping & Business News
Read all the latest news, tips and advice from our team of Xero Advisors.
Being a business owner can be stressful, and there are never enough hours in the day to do it all! That’s where our blog comes in: we want to ensure you feel supported through the process of owning a business. We’re committed to continuously updating our blog to keep our clients and the small business community informed and supported.
We will keep you in the loop by providing accounting and bookkeeping tips, changes to legislation, and industry news and updates. We’ll share news about the team, case studies from clients, and articles from Directors Karen Burgess and Brodie White, to assist you in setting up and maintaining the financial foundations you need to thrive.
Want to learn more about what we’re passionate about? Read about our work in our local Newcastle & Hunter Valley community.
We love feedback too. If there is a topic you would like to learn more about, or if you would like further information, please get in touch with us.
A Year of Growth, Triumphs and Community
As we wrap up a remarkable year, let’s take a stroll down memory lane and recognise the milestones that defined Balanced Beans’ journey this year.
When to Register Your Business for GST
The topic of GST frequently arises for new business owners. In this article we discuss GST – what it is, whether you need to register for it, and how to register.
ATO Client to Agent Linking
As of 13th November 2023 the ATO has introduced new requirements for the way entities allow accountants and bookkeepers to act on their behalf. Learn how to setup new Client-Agent Linking.
Set Your New Business Up for Long-Term Success
Once your new business is established implement strategies to safeguard your venture and pave the way for sustained success. This guide will get you started.
Thinking of Starting a Business? Read our Guide
Starting your own business can be super exciting, yet it can pose significant challenges if you are not adequately prepared. Read our guide to assist your journey towards business launch.
What We Learned at XeroCon 2023
We hit Sydney in August 2023 for XeroCon. Here are some of Karen and Brodie’s key takeaways on the latest innovations, industry trends and insights from the Xero community.
Claim the Small Business Boosts
Small businesses may be entitled to a bonus 20% tax deduction on eligible expenditure incurred on business expenses and depreciating assets that support their digital operations as well as certain eligible training expenditure for employees.
Balanced Beans Featured in Newcastle Weekly
Following our recognition and success at the 2023 Hunter Region Business Awards, Balanced Beans has been featured in the Newcastle Weekly.
Lodging Your Taxable Payments Annual Report
If your business makes payments to contractors or subcontractors you may need to report these payments by lodging a TPAR with the ATO.
Why Preparing Annual Financial Statements is Important for your Business
When it comes to business, there are no documents more important than financial statements. In this post we’ll look at the reasons why they should be in every business owner’s toolkit.
Claiming a Tax Deduction on Super Contributions
You might be able to claim a tax deduction if you’ve made a personal after-tax contribution to your super. This could mean you get something back when you complete your tax return.
EOFY 2023 Prepare for Finalising Single Touch Payroll
Employers need to finalise payroll information for the 2022/23 financial year by lodging a STP Finalisation Declaration with the ATO by 14 July 2023.