Category Archives: Accounting

Xero’s James Solomons and MYOB’s Tim Reed offer their perspective on changes in accounts payable. In brief Technology makes accounts payable a bit sexier. Accountants and bookkeepers are likely to have more time for other tasks as manual processes are automated. The future is already here for accounts payable – if you are an SMEContinue reading “The Future of accounts payable”

I realise that, for the non-financially-minded, an annual report may not seem like the most exciting read – but I’m keen to quash that myth. Because, although I’m a numbers man, I believe the real value of an annual report is far from just the figures…it’s about the opportunity it offers organisations to reflect onContinue reading “Annual Reporting: Much more than just a numbers game”

Probably one of my most featured articles was when the news outlets latched onto an article I wrote in 2017 about claiming dog food and your Prada handbag as a legitimate tax deduction ! Here is an interview I did with Nick Bennett on Smart Money !

With the end of the financial year just around the corner, an accounting expert has compiled a list of secret ways you can save money on your tax return. James Solomons, head of accounting at Xero, said small business owners in Australia could potentially claim dogs, sunscreen and handbags as tax-deductible expenses. ‘If you haveContinue reading “Featured – Tax return tips: Financial expert gives saving advice”

We chat to Xero’s head of accounting James Solomons to learn tax tips other than just “keep track of your receipts”. Elizabeth Barry