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With so many software systems available to help run your small business it can be challenging choosing the right ones for you.   Here are my top 5! 1) Xero - it's no surprise that I LOVE Xero! The online accounting software system makes invoicing, bank reconciliati...
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With the silly season just around the corner, it's a good time to refresh on what entertainment costs are deductible for your business.  If an entertainment cost is completely related to your business it can be 100% deductible.  However, being "completely related" ...
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Xero (small business accounting software), is constantly upgrading (for the better) and it can be hard to keep up with all the new changes.  If you have been using Xero for a while, it can also be easy to stick to what you know, and you may be missing out on key efficie...
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Did you know the low-value asset threshold has increased temporarily from $500 to $5,000? If you have purchased, or are planning to purchase any fixed assets between the dates 17 March 2020 and 16 March 2021, that are $5,000 or less, you can expense them in full in the peri...
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