Completing your Business Activity Statement (BAS)

November 10th, 2019|

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 [...]

Bookkeeping for manufacturing industry

October 23rd, 2019|

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 [...]

Restaurant bookkeeping

October 13th, 2019|

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 [...]

Bookkeeping for Tradies

October 13th, 2019|

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

See your finances instantly!

October 11th, 2019|

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?

August 31st, 2019|

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 [...]

New Financial Year for your tax return

July 11th, 2019|

Maintain separate business and personal records. Have a separate bank account for business transactions only. Keep your records for 5 years. Set aside time to review and update your records Keep records electronically wherever possible. Software can help you report income and claim expenses correctly. ATO Small Business Newsroom

Xero billing scams

May 28th, 2019|

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 by scammers. A genuine Xero subscription invoice email: Will be addressed to your billing contact [...]

MYOB Accountright 2019.2 Upload for Single touch payroll

May 15th, 2019|

MYOB Accountright 2019. Ive met with 2 new clients that have the latest version of MYOB on their computer but its Local library (desktop) only. If you have employees, you will need to start Single Touch Payroll by 1st July 2019 as it is now tax law. https://www.ato.gov.au/Business/Single-Touch-Payroll/ To do this your MYOB accountright file needs to be uploaded as an "online" version. This can take some time to upload [...]

Be aware of Phone ATO Scams!

April 22nd, 2019|

PHONE SCAM ALERT! Listen out for suspicious calls claiming to be from the ATO. Scammers are ‘spoofing’ our phone numbers so it looks like the ATO are calling. They’re also leaving our numbers on voicemails to make their contact seem real. While these calls may appear to be from us, remember that we’ll never: • threaten you with arrest • demand immediate payment, particularly through unusual means such as bitcoin, [...]

Single Touch Payroll

March 5th, 2019|

 Are you ready for Single Touch Payroll? Single Touch Payroll (STP) is compliant from 1st July 2019. Since 1st July 2018, employers with 20 or more employees have reported to the ATO through their payroll software. On 12th February, 2019, it was passed to extend STP for those with 19 or less employees from 1st July 2019. Micro-employers (1-4 employees) will be allowed to rely on a registered BAS Agent [...]

What Tradespeople want from their bookkeepers

January 20th, 2019|

Are you looking to save time? If you are doing your accounts on paper, or using spreadsheets you can save more time with online accounting software.  You also get a clear picture of how the business is performing. Simple pricing budgets   You can have a fixed monthly price to include your software and all the accounting (you don’t have time for) to clean up your current messy paperwork. With the ATO [...]

Top GST mistakes in BAS reports

January 20th, 2019|

It's easy to make a mistake when preparing your BAS.  That's why a certified bookkeeper/BAS Agent would be valuable in ensuring the ATO reporting is correct. Many business owners make mistakes on the Hire purchases/Lease of Vehicles or Plant & Equipment on their BAS. Incorrect tax codes in your chart of accounts - this affects the reporting on the BAS. Claiming GST on ALL expenses when some do not have [...]

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