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Articles by Matthew Prouse
Happy new financial year! A small business guide to the tax changes
by Loren Webb / Accounting, Featured, Finance, Small Business, Tax, Tax, Accounting and Bookkeeping / 01 Jul 2019 By Matthew Prouse, Head of Industry, Xero Australia New financial year, new obligations and opportunities… If you’re like most small business owners, you’re probably focused on closing out the 2018-19 financial year. But it’s worth taking a moment to consider the year ahead too. There are new regulations to be aware of in 2019-20 – and some of them take effect immediately.
Top tips for small businesses as EOFY approaches
For small businesses, the 2018/19 finish line is in sight. At midnight on 30 June, the financial year ends, the books are closed and businesses report their financial situation to the Australian Tax Office (ATO). Here are five tips to help small businesses make the most of this busy time and keep stress to a minimum.
Top tips for small businesses as EOFY approaches
For small businesses, the 2018/19 finish line is in sight. At midnight on 30 June, the financial year ends, the books are closed and businesses report their financial situation to the Australian Tax Office (ATO). Matthew Prouse from Xero provides five tips to help small businesses make the most of this busy time and keep stress to a minimum.
Preparing your small business for EOFY
With 30 June just around the corner, small businesses around the country should be getting organised and preparing for the EOFY, but many seem to procrastinate about it. The recent survey of Australian small businesses found that most small-business owners (69 per cent) prefer having dinner with their in-laws over doing their business taxes. In fact, most would also choose working on the weekend (65 per cent) and cleaning the entire house (58 per cent) over facing their EOFY obligations.
5 reasons to be at Xerocon San Francisco 2016
Xerocon attendees expect a lot from us, and rightfully so. After all, Xerocon is the must-attend cloud accounting event of the year. But if you’ve never been, you’re probably asking – why attend? You run a busy practice and time is money. So while other conferences waste your time with “motivational” speakers and topics that have absolutely no relation to you – we make sure that Xerocon is all about you.
Xero TaxTouch lets freelancers track expenses
Today is an exciting day. We are launching a new product called Xero TaxTouch for freelancers working in the U.S. Xero TaxTouch is a mobile-only app that makes tracking your business expenses and maximizing your business related tax deductions easy. It’s designed specifically for self-employed individuals like dog walkers, taxi drivers, real estate agents, consultants, yoga instructors, and hair stylists.
Why Invoice Reminders are your secret weapon to getting paid on time
Cash flow is important. In fact, many of the small business owners we know think it’s the most important metric for your business. We’ve offered tips on improving your cash flow from one of our accounting partners, and we’ve even had our friends over at Fundbox offer their take on improving sales to help your cash flow. The easiest way to maintain cash in your business is to get paid. Not only that, you need to get paid on time. Chasing invoices can be time-consuming and even awkward at times.
Not tracking billable expenses costs you money
For many types of business owners, racking up charges on behalf of a client is a part of doing business. You have to pay out of pocket for supplies, travel or even phone calls. You then – hopefully – pass on all those charges to your client as a billable expense. The key is to keep track of of what charges go with which client. If you’re not regularly passing on these charges, you’re taking money out of your own pocket.
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