End of Year Financials

Its nearing end of financial year. There are always checks to be done by your bookkeeper to make sure you are claiming enough tax deductions. The ATO recently changed the deadline for the "closely held employees" to connect for Single Touch Payroll. Its not required by 1st July 2021. Closely held employees is someone who [...]

2020-06-18T13:32:15+10:00May 15th, 2020|ATO, BAS, Bookkeeper, Financial, MYOB, Payroll, Trades, Xero|

Jobkeeper Payment

Jobkeeper Payment from the ATO If your business has a turnover of less than $1 billion and your turnover will decline by more than 30% compared to a similar period of last year, you can receive a payment of $1500 per fortnight per employee up until September 2020. Sole Traders and Partnerships with no employees [...]

2020-06-18T13:25:32+10:00April 25th, 2020|ATO, BAS, Bookkeeper, Financial, Governments, Hawkesbury, MYOB, Trades, Xero|

What does a bookkeeper do and why do I need one?

A bookkeeper keeps track of your sales, purchases, payments and receipts. They organise and record financial data on a day to day basis and store the information in general ledgers in a standard way so that the accountant can also access it to prepare the financial end of year. Without proper bookkeeping and trained knowledge [...]

2020-03-02T07:52:55+10:00March 2nd, 2020|BAS, Bookkeeper, Financial, Hawkesbury, Sales, Trades, Uncategorized, Xero|

Bookkeeping for manufacturing industry

I have a few clients that are in the manufacturing industry in the Hawkesbury area. While they are busy with their business, there is no time to keep their books up to date. They need a bookkeeper to keep on top of it all and especially a BAS Agent to lodge the ATO monthly and quarterly returns [...]

2019-11-28T14:52:53+10:00October 23rd, 2019|ATO, BAS, Bookkeeper, Financial, Xero|

Restaurant bookkeeping

Bookkeeping for restaurant owners can be very time consuming especially while you are busy creating new menus, ordering your supplies, sorting out staff issues, marketing, preparing each table service etc. Why not outsource your bookkeeping with all those supplier bills to enter into your accounting software and pay, bank accounts to reconcile and BAS lodgements to [...]

2019-11-28T14:53:47+10:00October 13th, 2019|ATO, BAS, Bookkeeper, Financial, Hawkesbury, Uncategorized, Xero|

See your finances instantly!

One of my clients had a very old accounting system and that just won't work with single touch payroll even if you have family employees that are called "closely held" by the ATO. Why not have a system where you can see from a Dashboard of money coming in and money going out? It makes sense so [...]

2019-10-13T08:32:29+10:00October 11th, 2019|Bookkeeper, Financial, Payroll, Taxes, Xero|

Are you still using Spreadsheets?

Are you still using spreadsheets? If you are an employer, you will be required to start Single Touch Payroll so you will need accounting software to report your payroll to the ATO. Another advantage of online software is to run your reports for example Profit and Loss to see how your business is running. You [...]

2019-09-19T10:12:45+10:00August 31st, 2019|ATO, BAS, Bookkeeper, Financial, Xero|

Xero billing scams

Be aware of your Xero billing invoices. Your Xero invoices will have your business name on them and will not be sent as "Dear Client". Do not click on the link unless it shows your business name. Xero has said the following:- Note: we have recently seen fake Xero subscription invoice emails being sent out [...]

2019-05-28T15:00:35+10:00May 28th, 2019|Xero|