JustWise - Accounting Books

13/07/2026

💻 Xero CEO Sells Remaining Shares Amid Pay Package Review

• Xero CEO Sukhinder Singh Cassidy sold her remaining 29,608 Xero shares for approximately A$2.2 million.

• She stated the sale was to meet personal tax obligations.

• This follows an earlier sale worth more than A$4 million about a month earlier.

• Combined, she has sold over A$6 million worth of Xero shares in recent months.

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📉 Why is her pay package being reviewed?

• Much of her compensation is tied to Xero’s share price.

• Xero shares have fallen about 57% over the past year.

• Her large option package was granted with an exercise price of A$171.11 per share.

• Xero shares are now trading around A$70–73, making those options effectively worthless at present.

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💰 Executive remuneration details

• In late 2024, Xero increased her target remuneration to US$15.2 million per year.

• This excluded a one-off grant of 575,000 options that initially had a fair value of US$26.5 million.

• She still holds:

* More than 170,000 restricted stock units (RSUs)
* More than 1 million unlisted stock options

• She no longer holds ordinary Xero shares directly.

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📌 Key takeaway:

The share sales appear linked to tax obligations rather than an announced exit from the company. The bigger issue for investors is Xero’s falling share price, which has sharply reduced the value of the CEO’s stock-option-based compensation and triggered discussions about restructuring her pay package.

07/07/2026

You earned it, you paid tax on it, and then the government taxes you again—and again, and again. Here are the 29 hidden taxes, levies, and fees draining your wallet.

If you've ever wondered where your money actually goes, read this.

https://www.justwiseaccounting.com.au/29-taxes-you-pay-on-income-you-already-paid-tax-on

You earned it, you paid tax on it, and then the government taxes you again—and again, and again. Here are the 29 hidden taxes, levies, and fees draining your wallet.

01/07/2026

Mistake: Ignoring superannuation obligations
Key:
$450 per month threshold was actually abolished by the ATO on 1 July 2022. Today, employers must pay super to eligible casuals regardless of how little they earn (the only major exception is for workers under 18 who work less than 30 hours a week).

Tip:
Missed payments = ATO penalties. Set reminders or automate super lodgements.

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28/06/2026

Mistake: DIY bookkeeping without knowing the basics Doing your own books?
Good on you—but without knowing accounting basics like debits, credits, or GST codes, errors can sneak in. Tip:
At minimum, learn key terms and keep your chart of accounts simple and consistent.

26/06/2026

Mistake: Mixing cash and card sales without proper tracking
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If you’re accepting both cash and card payments but not reconciling them daily or weekly—you may be underreporting income or misjudging profitability.
Even small cash leaks add up.
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Tip:
Use a proper POS system or app to log all income, including cash.

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