GC Accounting & Business Services Pty Ltd

20/10/2025

We received an email this morning from Xero;

As you are likely aware, Xero, like many other global companies, continues to experience slowness and login issues due the ongoing global outage by our third party provider, Amazon Web Services (AWS).

We understand your access to Xero is important for your business. We are committed to updating you frequently via our Status page as new information becomes available.

We are conscious of the impact when issues like this occur, and I thank you for your patience while we work with AWS to resolve this issue as a priority.

Diya Jolly
Xero, Chief Product & Technology Officer


This operational information relates to your use of Xero and we want to make sure you are aware of it.

02/07/2025

08/12/2024

This is good news for a Monday morning!

Here’s what you need to know...

1. You don’t need to do anything
2. The rate change applies to anyone with a study or training loan on 1 June 2023 or 1 June 2024
3. We’re backdating the credit and applying the excess to your study or training loan account.

👉 The rate change might leave you with a study or training loan account balance that’s less than zero. Good news – you’ve cleared the loan! 🎉 If you don’t have other tax or Commonwealth debts, we’ll refund the credit to your nominated bank account.

👉 If you're expecting a refund, make sure your bank details are up to date with the ATO or your tax agent.

👉 Going forward, the annual indexation is now based on either the Consumer Price Index (CPI) or Wage Price Index (WPI) – whichever is lower.

15/05/2023

**Email Issues**
It has come to our attention that we have been/are experiencing issues with sending/receiving emails for the past few weeks. We have reviewed this with our IT support, but if you were expecting an email from us, or haven’t received a reply can you please re-send or give us a call.

Appreciate your understanding

18/04/2023

There are a few important dates over the next few weeks as we get ready for the next financial year to click over.

Quarter 3 - 1st January 2023 to 31st March 2023

PAYG Instalments - if you are under the PAYG instalment system, these need to be varied/lodged by 28th April 2023

Employers - have you paid your Super Guarantee liability for your employees for Q3/2023?

Small Businesses - have you finalised your BAS information for Q3/2023 for us?

Tax planning - 30 June 2023
For small businesses, this is a perfect time to have a look at your year to date figures to see how you are tracking towards 30 June 2023.

15/02/2023

The view from the GC office looks a bit different today!

23/11/2022

Are you a Director of a company?

Time is running out for all directors of companies to apply for their director identification number (Director ID).

For more information visit
https://www.abrs.gov.au/director-identification-number

22/07/2022

The first few months of each tax season are always crazy busy for the GC Accounting team, but the events over last few years have made us realise that it is also important to slow down and appreciate milestone moments of achievement and the people around you.

Over the years I have heard so many stories from clients coming to see Gianni who say “I remember coming to your house and getting my tax done there”.

In July 2022, Gianni has been in business for 10 years growing GC Accounting & Business Services to what it is today.

I have been part of this for the last 5 years, it has been a pleasure working with you and doing what we do for our clients.

Thank you to all of the clients along the way that make doing what we do enjoyable.

Congratulations on this achievement, Gianni.

09/06/2022

🤔 Thinking of giving your super fund a boost by making personal contributions? You may be able to claim a tax deduction!

But before you do, it’s important to make sure:
✔️ you meet the age requirements
✔️ you give your fund a notice of intent to claim, and
✔️ your fund has validated your notice of intent and sent you an acknowledgement.

Just remember, you can’t claim the super contributions made by your employer!

For more info, visit www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Claiming-deductions-for-personal-super-contributions/