Count by Numbers Bookkeeping Services

📣 New changes to home-based business expenses - An update from the ATO

"If you operate some or all of your business from home, you may be able to claim the business-use portion of expenses you incur.

For example:

- Occupancy expenses (such as mortgage interest or rent, council rates, land taxes, and home insurance premiums)
- Running expenses (such as electricity, gas, phone, internet, stationery, cleaning, and the decline in value of assets).
- The temporary shortcut method ended on 30 June 2022, and the fixed-rate method has been revised.

For the 2022–23 income year, the revised fixed rate is 67 cents per hour. You no longer need to:

- Have a dedicated home office space.
- Work out the business-use portion of phone, internet, gas, and electricity separately."

See the full update here >>>
https://www.ato.gov.au/Business/Small-business-newsroom/General/New-changes-to-home-based-business-expenses/?sbnews20230322



📷 ATO

May your basket be filled with Easter eggs and your life filled with joy during this holiday season. Happy Easter! 🐰

Count by Numbers Bookkeeping Services

Some key tasks include:

💰 Tracking transactions/expenses
💰 Accurate & up-to-date financial record keeping
💰 Create & send client invoices
💰 Process supplier invoices
💰 Payroll & STP
💰 Process monthly or quarterly BAS
💰 Prepare accounting software at the end of the financial year
💰 Financial Reporting
💰 Bank reconciliations

The secret of getting ahead is getting started, book your FREE 30-minute discovery call with the team today >>>
📅 https://calendly.com/info-47083/30min

The countdown is ON! ⏳

"Xero has been granted a deferral on the start date of the STP Phase 2 for our payroll software, and this applies to all new and existing customers.

This means that all customers reporting STP using Xero Payroll have until 31 March 2023 to report their first STP Phase 2 pay run, instead of the 1 January 2022 ATO deadline.

This gives our Xero Payroll customers more time to ensure that payroll records are STP Phase 2 compliant."

Find more information here >>>
https://www.xero.com/au/programme/single-touch-payroll/