The Christmas and holiday season is the ideal time for employers to reward their dedicated and hard-working staff for the year that was. It’s the time that many workplaces say goodbye to deadlines, meetings and late work nights and start winding down for the year. The traditional staff Christmas Party is popular, and some employers also like to give a special gift to say thank you. So you might be asking, “is the work party and staff gifts tax deductible”? Well, yes, these co

If you have your retirement savings in a Self-Managed Super Fund (SMSF), you are the target of tax scheme promoters. These schemes claim that individuals can avoid tax by channeling money (inappropriately) through SMSF. The ATO has announced that each year they are discovering more aggressive and complex tax schemes and arrangements designed by promoters solely for the purpose of helping people avoid tax. As a result, they have launched ‘Project Super Scheme Smart’ in order

We have recently seen some fake Xero subscription invoice emails being sent out by scammers. Just a reminder that a genuine Xero subscription invoice email will be addressed to your billing contact name, not to “Dear Client” or another generic greeting. It will also be sent from subscription.notifications@xero.com and will only link you to pages on xero.com (in.xero.com, help.xero.com etc). Please see sample of Scam email below: Should you have any doubt as to the source of c