Here are some links to helpful websites:- Australian Taxation Office ATO Small Business Newsroom Fairwork Ombudsman ABN Lookup to check ABN's for GST Registrations National Employment Standards ATO Super Choice Forms ATO Tax File Number Declaration Forms Xero MYOB
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 is directly related to the business that pays them such as family members of a [...]
Jobkeeper 2.0 Payment from the ATO Jobkeeper 2.0 has now been announced by the Government. This payment is extended until 28 March 2021. If you are in the Jobkeeper scheme now, this will continue until 27 September 2020. From 28 September 2020, your GST Turnover will need to be tested and if eligible (down by 30% or more), the payment rates are reduced. From 28 September 2020 to 3 January [...]
I have clients in the cleaning industry. Be aware that you must now lodge your Taxable Payment Annual Report to the ATO for any subcontractors you have paid for the financial year. If you need help with your bookkeeping, contact Sally on 0414 522 778.
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 on how to record transactions correctly, you may miss out on tax deductions you are [...]
Fuel tax credits provide businesses with a credit for the fuel tax that is included in the price of fuel used in machinery, plant and equipment, heavy vehicles and light vehicles travelling off public roads or on private roads. Have a professional bookkeeper calculate your fuel tax credits correctly for your next BAS. Contact us
Bookkeeping is usually the last tedious job to do when running a business. Who has the time right? It's hard enough keeping up with your invoicing, chasing your customer's payments and paying your staff. That's why you should not feel worried about asking for help from a professional bookkeeper. We aim to take the burden off you and show you new ways of doing things to ease your pain! As [...]
As BAS Agents, we must take "reasonable care of your financial matters" and need to review most of your receipts/supplier tax invoices to claim back the GST on your behalf. We offer a full bookkeeping service from the start of every month to preparing all ATO requirements for monthly/quarterly/yearly lodgements. Feel free to contact us Click here if you would like to save your own business time and prefer a BAS [...]
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 required, for example the IAS form for PAYG withholding tax (wages) and BAS. Contact a [...]
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 keep on track! Contact an experienced Restaurant bookkeeper in the Hawkesbury today! 0414 522 [...]
Get more organised and solve your record keeping hassles! If you're behind on your paperwork, you need an affordable bookkeeping service to stay on top of it all! Bookkeeping fixed fee packages so there are no surprises! Weekly or monthly service available. Contact an experienced trade bookkeeper today. Hawkesbury area. 0414 522 778 Get in touch today
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 you can run your business finances effectively. With Xero you have all this at your [...]
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 can also see what money is owed to you by your customers to improve cashflow [...]
With the new Single Touch Payroll system in, the ATO is now receiving data from the Superfunds and will match it to the payroll records. Penalties have ramped up as well as the ATO audits for unpaid Super. Employers not doing the right thing can expect a visit from the ATO.