In February our Director John Barrett attended another fantastic and insightful Xero Roadshow. Xero announced some new features such as Projects, Expenses and improved Auto Superannuation Reporting. One of the new features ‘Xero Projects’ is a simple way to track the time and money you spend on each job. It's perfect for small businesses in professional service industries, giving you visibility of your project financials from anywhere. For a video with further information on

The ATO and other government agencies have an ongoing and increasing focus on audit activity which means now more than ever you are at risk of being selected for an audit, enquiry, investigation or review. At Transcend Accounting we are pleased to offer all our clients the ability to be insured against an audit via our new Audit Shield service. Audit Shield has been a trusted provider of tax audit insurance services for accountants and their clients for some time and we are e

Did you know the Fringe Benefits Tax (FBT) year is different to a standard financial year? The FBT year runs from 1 April to 31 March each year, and as we approach the 2018 FBT year end now is the time to begin gathering records relating to your fringe benefits. This includes considering how you will calculate the taxable value of these benefits. You must also keep records if you want to take advantage of various exemptions or concessions that reduce your FBT liability. Examp