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Residential rental loss ring-fencing

Many of you will have heard about the ring-fencing of losses made from residential rental properties which applies from 1 April 2019. Deductions for residential properties are now ring-fenced so they can only be used against income from that property, or sometimes a portfolio of properties. Deductions that exceed the income from that property/portfolio of […]

Xero & MYOB updates

Xero now integrates with BP fuel card. If you have a BP fuel card you can set up the connection from the BP Customer Portal and when you get your statement from BP it will automatically create a draft bill in Xero. Pretty handy if you are allocating fuel costs and it will automatically match […]

Payday Filing Q&A

What’s changing? You need to file employment information more frequently   When does it start? 1 April 2019 You can switch early, but most software and paper returns are not available until 1 April 2019   What is payday info? Employment information, similar to the current employer monthly schedule   When do I file it? […]