Tax treatment of employee / client parties and gifts

With the holiday season fast approaching, many businesses will be planning to end the year with a celebratory party or event. However, you should be aware of the possible Fringe Benefits Tax and income tax implications of providing ‘entertainment’ (including Christmas parties) to employees and clients. Fringe Benefits Tax (FBT) and Entertainment Under the FBT … Read more…

Breaking down Small Business Capital Gains Tax concessions

Among a raft of tax concessions available to small businesses, the Small Business Capital Gains Tax (CGT) concessions are some of the most beneficial, offering the potential for significant tax free profits on the sale of business assets. The concessions were originally introduced in 1999 to provide small business owners with CGT and superannuation concessions … Read more…

Stewarts’ Plug: Receipt Bank

How much are you missing out on with lost receipts?

Paper receipts are a pain. We lose them. If we don’t, there’s a small window to capture the information before the print starts to fade. And if you manage to hold onto them and do your data entry before the ink disappears, there’s that painstaking process of manual data entry.

Cue Receipt Bank!

Receipt Bank is a digital business application designed to improve the automation of your book work. It operates as your filing cabinet, keeping your invoices and receipts on file for up to seven years. By combining the use of the mobile app when you’re out and about with the browser version when you’re at home, entering your expenses is as simple as taking a photo and loading to the app or dragging and dropping the image file into the browser.

What’s more, Receipt Bank speaks to Xero and Intuit Quickbooks Online. It will integrate with your file and send your expense information directly to your accounting software – adding it to either accounts payable or your bank account. Your accounts payable will stay up to date and you will be able to match more transactions in your bank reconciliations which will save you a stack of time, along with ensuring all of your expenses are captured.

The experts say yes.

Receipt Bank has won a truckload of awards for its superior functionality and customer satisfaction, including been awarded Xero’s ‘Add-On of the Year’ in Australia (2013), New Zealand (2014) and the UK (2012 & 2013), and Winner of the 2015 Institute of Certified Bookkeepers’ Add-on of the Year.

Let’s get you connected.

With more than 60,000 current users, full support and a 14-day FREE trial, now is the time to start using Receipt Bank.

Not sure where to start? We can set you up and provide training to ensure you make the most of this fantastic application. Contact us to learn how.