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|

Starting a New Business?

When you start a business, there are tax and super responsibilities you need to be aware of, including: the tax implications of your business structure whether you're entitled to an ABNExternal Link   registering your business records you need to keep deductions you can claim. Before you get started there are a few things to consider [...]

2019-01-09T12:43:09+10:00January 4th, 2019|BAS, Bookkeeper, Financial, Taxes|

Do you have an employee or sub-contractor?

When hiring you must check first whether they are an employee or a contractor. Its important because it can affect your tax and super obligations. Penalties may apply if you do not get it right. You can use the ATO Employee/contractor decision tool to help you decide. ATO employee decision tool Link  

2019-01-21T14:19:43+10:00January 4th, 2019|BAS, Bookkeeper, Financial, Hawkesbury, Trades|