Top GST mistakes in BAS reports

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 [...]

2018-10-03T06:16:39+00:00 September 16th, 2018|BAS, Bookkeeper, Financial, Taxes|

Single Touch Payroll – New from ATO

 Are you ready for Single Touch Payroll? From 1st July 2018 Single Touch Payroll starts and will be mandatory for all employers that have 20 or more employees         From 1st July 2019 Single Touch Payroll starts for ALL employers and will be mandatory (under 20 employees) By then your software provider should be ready to [...]

2018-10-03T06:13:31+00:00 August 29th, 2018|BAS, Bookkeeper, Financial|

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  

2018-10-03T06:25:33+00:00 August 29th, 2018|BAS, Bookkeeper, Financial, Hawkesbury, Trades|