Xero Price Increases: Switch to Tanda Payroll for Savings

Xero costs are going up 📈 Might be time to rethink where payroll sits - Tanda brings it into one system, often at better value.

Intuit QuickBooks has restructured its payroll offering into three tiers: Core for simple automated salary runs, Premium adding time tracking and self-service, Elite bringing in project profitability, job costing and geo-fencing. 🎙️ Ryan flagged that April is probably not the optimal moment for a payroll launch, given most practices want to be settled on a new system before the tax year starts. He also wasn't entirely sure the Elite tier does enough to justify the step up from Premium. That said, his broader point is the more interesting one. When one platform moves on payroll, others have to respond. It tends to lift the whole market. Eyes on whether this warrants a reaction from the likes of Xero, Sage FreeAgent or Employment Hero.

📌 How Cloud Accounting Simplifies EMP201 & PAYE Processes Payroll taxes become stressful when records are inaccurate, calculations are manual, or deadlines are missed. Cloud accounting and payroll systems help simplify this by automating and organising important payroll information. The result? Better accuracy and smoother compliance. 💻 What Does This Mean? Cloud systems can help businesses: ✔ Calculate PAYE automatically ✔ Track UIF and SDL obligations ✔ Generate payroll reports instantly ✔ Keep employee records organised Examples include: • Automated payroll calculations • Digital payslips • Real-time payroll reporting • Easier EMP201 preparation ⚠️ Important Conditions Automation still requires proper oversight. To stay compliant: • Employee information must be accurate • Payroll must be reviewed regularly • Tax tables must be updated correctly • Submission deadlines must still be met Incorrect payroll data can create SARS issues quickly. 📅 Timing Matters Late or inaccurate EMP201 submissions can lead to: ✔ Penalties ✔ Interest charges ✔ Payroll discrepancies ✔ Employee tax problems Using cloud systems monthly helps businesses: ✔ Stay organised ✔ Prepare submissions faster ✔ Reduce manual errors ✔ Improve payroll accuracy 💡 The Practical Takeaway Payroll compliance becomes easier when systems work in real time. ✔ Automate calculations ✔ Keep employee records updated ✔ Review payroll regularly Because strong payroll systems reduce compliance pressure. #EMP201 #PAYE #SARS #CloudAccounting #Payroll #TaxCompliance #SmallBusiness #SouthAfricanBusiness

Payroll tax compliance requires more than just accurately calculating and filing your federal and state payroll taxes. You’ll also need to consider 1099 filings, workers’ compensation and payroll deductions. If that sounds like a lot, there are tools out there that can help, like Intuit QuickBooks Payroll, which can help you manage these tasks and more. Here’s what to know.  . #Partnership

Payday Super Is Coming. What Employers Need to Know Before 1 July 2026. From 1 July 2026, the way Australian businesses pay employee super is changing. Instead of paying super quarterly, employers will need to pay super at the same time as wages. This reform known as Payday Super is designed to reduce unpaid super and assist businesses with cash flow management. For businesses, this means payroll processes will need to be more closely aligned with super payments. Contributions are required to reach the employee’s super fund within 7 business days of payday. The good news is that if you use Xero in your business, the transition should be relatively simple as the software already automates much of the super calculation and payment process. Key things employers should know: - Payday Super starts 1 July 2026. - Super must be paid at the same time as wages, instead of quarterly. - Contributions will need to reach the super fund within 7 business days of payday. - Xero automatically calculates super in each pay run, helping keep amounts accurate and compliant. - With payroll and super managed in one place, businesses using Xero can pay super directly from the software with no additional cost. If you have any questions about how Payday Super may affect your business, please contact our team for advice or assistance preparing for the change.

If you have people on your payroll who are directly involved in fulfilling orders, building products, or delivering your service, and their wages are sitting in your overhead expenses, your margins are lying to you. This is one of those accounting decisions that looks harmless on the surface but quietly distorts every important number in your business. Where you classify labor changes your gross profit, your pricing strategy, your commission calculations, and ultimately the decisions you make about where to grow and where to cut. Here is the difference in simple terms. Overhead is what it costs you to keep the lights on regardless of whether you sell anything. Rent, admin salaries, software subscriptions... these exist whether you fulfill ten orders or ten thousand. But labor that is directly tied to producing or delivering what you sell? That is a cost of goods sold. It belongs in COGS, sitting right next to your product and shipping costs where it can actually tell you something useful. When direct labor lives in overhead, your gross profit looks artificially healthy. You might think you have a 60% margin when the real number, once labor is properly accounted for, is closer to 40%. That gap matters enormously when you are making pricing decisions, negotiating with suppliers, or trying to figure out whether a product line is worth scaling. Think of it this way. Misclassifying labor in your books is like putting fuel costs under office expenses for a delivery company. Technically it is still an expense, but it tells you nothing about what it actually costs to make a delivery. We recently helped a founder realign their labor costs into COGS and it completely changed how they understood their margins. Products they thought were profitable needed repricing. Commission structures that seemed fair suddenly did not make sense anymore. The business had not changed but the clarity had. Here is your task. Look at your payroll expenses this month. For every person on that list, ask yourself one question... is this person directly involved in fulfilling what we sell? If yes, their wages belong in COGS, not overhead. If you are not sure how to make that reclassification in your accounting system, that is exactly the kind of thing we untangle for founders every day. Book a free consultation with us using the link in our bio. Sometimes ONE conversation changes everything.

Small businesses are heading into EOFY with a new challenge: preparing for the introduction of Payday Super on 1 July while finalising payroll, tax and super obligations under the current system. 🔗 https://lnkd.in/g358-7u3 In partnership with Xero

Stop paying your contractors on Venmo. I know it feels easy. They send you a request, you tap approve, done. But from a compliance standpoint, you've just created a paper trail you don't control — on a platform that was built for splitting dinner, not running payroll. Here's what actually happens when the IRS notices: Venmo reports transactions over $600 to the IRS. Your contractor gets a 1099-K from Venmo — which may or may not match the 1099-NEC you filed (Spoiler Alert: In my experience, it never does, thanks to bad bookkeeping). When those numbers don't align, it triggers a review. Now you're left trying to explain a discrepancy you didn't even know existed or worse, don't understand. That's the best case scenario. Worst case is you've been paying someone through Venmo because you didn't want the paper trail of payroll. The IRS reads that differently than you intended it (Again, think: BAD NEWS). This is the single most common mistake I see from businesses under $2M in revenue. Nobody told them that "easy" and "safe" aren't the same thing in this context. The good news? Most payroll platforms also support paying contractors. Some even track & file your 1099 payments on your behalf (thanks, Gusto). As your resident finance specialist, PLEASE use a payroll platform for employee AND contractor payments. Keep the records clean and in your name. Venmo is great for your half of the electricity bill. It's not a business finance tool. If you're currently paying contractors this way, it's worth a quick conversation with your bookkeeper before tax season catches up with you.

Behind every smooth 𝐩𝐚𝐲𝐫𝐨𝐥𝐥 system, a skilled accountant and bookkeeper is making sure everything runs accurately and stays compliant. Xero Payroll simplifies the process, but the real value comes from how accountants and bookkeepers use it to drive efficiency and reliability. 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐧𝐭𝐬 focus on the bigger financial picture. They ensure payroll aligns with tax regulations, review reports, manage compliance, and provide strategic insights that help businesses make informed decisions. With Xero Payroll, accountants can access real-time data, monitor liabilities, and maintain accuracy across financial statements. 𝐁𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐞𝐫𝐬, on the other hand, handle the day-to-day execution. They manage employee records, process pay runs, reconcile payroll transactions, and ensure every figure is recorded correctly. Using Xero Payroll, they reduce manual data entry, minimize errors, and keep records consistently up to date. Together, accountants and bookkeepers create a strong financial foundation. One ensures compliance and strategy, while the other maintains accuracy and organization. With Xero Payroll supporting both roles, businesses benefit from a streamlined system that saves time, improves accuracy, and builds trust. For any growing business, payroll is not just about paying employees. It’s about maintaining control, ensuring compliance, and enabling smarter financial management through the combined expertise of accountants and bookkeepers. . . . . #Xero #XeroPayroll #PayrollManagement #AccountingSoftware #CloudAccounting #Bookkeeping #Accountants #FinanceProfessionals #PayrollServices #TaxCompliance #SmallBusiness #SMB #Startups #Entrepreneurs #BusinessGrowth #Automation #DigitalTransformation #FinTech #FinanceAutomation #BusinessEfficiency #Outsourcing #RemoteWork #EcommerceBusiness #CEOs #Founders

Payroll doesn’t have to feel overwhelming. With the right tools like Xero Payroll and the support of skilled accountants and bookkeepers, it becomes much easier to manage, more accurate, and far less stressful. Just a simpler, smarter way to take care of your team and your finances.