Butlers Blog

Xero has released a new "Files" Feature to make the transition to a paperless office even easier. Previously Xero only had a single file attachment on bills and receipts however with the latest release of this new feature you are now able to attach m...

Xero has released a new "Files" Feature to make the transition to a paperless office even easier. Previously Xero only had a single file attachment on bills and receipts however with the latest release of this new feature you are now able to attach m...

As a trustee of a self managed super fund (SMSF) you have certain responsibilities that you must adhere to for your SMSF to remain a complying fund that is eligible to receive favourable tax treatment.

The Butlers Accountants SMSF Online Trustee Education program is designed to educate Trustees of SMSF's to understand their roles and responsibilities.

The pay as you go (PAYG) payment summary statement along with the originals of all the payment summaries you issued for the financial year, make up your PAYG withholding annual report.

From 1 July 2012, businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year.

Subject to cash flow requirements consider deferring income until after 30 June, especially if you expect lower income for 2013/14 compared to 2012/13. Most businesses are taxed on income when it is invoiced.

The Government will increase the Medicare Levy by half a percentage point from 1.5% to 2% to provide funding for Disability Care Australia. The current exemptions from the Medicare levy will remain in place.

Fringe Benefits Tax (FBT) is applicable when an employer provides  benefits to employees. If you employ anyone including family members, you may be subject to FBT.

The Federal Government has introduced several pieces of legislation that come into effect from 1 July 2013. To make sure you're ready for these changes, we have outlined the new legislation that will impact you and your business.