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We sell donuts! We want the customers to know what donut is which one by using their camera (like you can do for items via google lens). Adding individual QR code is labor intensive based on the donuts packed. 

Hi CJ,

To do this you need to set up a web scraper, that will extract the data and then you can save it to a spreadsheet.

There are some great videos on YouTube how to create a scraper and even some point and click solutions you can buy.

Alternitively I could create a scraper for you, just let me know if you want to discuss.

Charles

It's also important if you are making a loss. They are carried forward and can be recouped when you are earning - rules apply, and you're better off talking to an accountant about the best way to use them for tax purposes. I'd also talk to an accountant to make sure you are claiming all your deductions.

What Dionne has written is correct. If you are a partnership you have to consider if the other partner needs to lodge their tax return. If you're operating through a trust you definitely have to lodge - and have an accountant on board!

Good luck with your business.

Hi Mary Grace, it depends who you use. I know of accountants who charge per task as they have a set price such as tax returns or BAS. Others charge hourly for trust set up. They all vary.

As a guide, hourly I would allow $80 - $120, and for something like a tax return $200 - $350.

Not a Xero expert, but know this can be done easily with SAASU.

Running a business comes with a lot of expenses, but the good news is that many of these expenses are tax deductible (including bookkeeping which is part of the tax-related operating expenses category). These expenses are sometimes referred to as revenue or working expenses. Examples of bookkeeping expenses you may be able to claim include fees/costs relating to:

• Bookkeeping services to prepare your business records

• BAS and income tax return preparation and lodgement 

• Assessment appeals

• ATO audits (e.g. preparing your documents and representation on your behalf)

• Professional tax advice 

You can claim most expenses related to running your business if:

• The expenses were incurred in the corresponding financial year

•  They are directly linked to running your business

• The expense was for your business, and not for personal or private use (for any expenses that were for both business and personal use, you can only claim the part used for business purposes)

• You have records to evidence the expense (e.g. receipts, invoices, etc).

Of course, it’s always recommended to consult with a registered accountant or tax agent to get clarity on what you can and can’t claim in your income tax return. Many expenses are overlooked by business owners and they end up missing out.

You can get more info on tax deductible expenses on the ATO's website: https://www.ato.gov.au/Business/Income-and-deductions-for-business/Deductions/Deductions-for-operating-expenses/

Yes. The rule is: don't do it.

If you do not own the image, it is not yours to use.

See above answers for copyright-free alternatives.

"BAS excuded" refers to any goods or services that fall outside of Australia's Goods and Services Tax (GST) legislation. This means you don't have to pay the 10% GST on these items or include them in the GST section of your BAS. The ATO has a full list of BAS Excluded items on their website but some examples include:
 

• Wages
• Superannuation 
• Loan repayments 
• Donations to charity 
• Dividends 
• Prinvate transactions/drawings from the business 
• Stamp duty 

I absolutely agree with Steve. If you've done your pricing correctly to cover your materials, labor, overhead (time spent ordering supplies, marketing, etc.) then you'll have a fair price set and won't have to worry about how resellers price your goods.

So, I also suspect that your items are under-charged right now.

Wholesale is a great way for a scale-able business to establish a steady income without having to worry as much about advertising, shipping, etc.