STP Phase 2
The Australian Federal Government announced in the 2019-20 Budget, their planned expansion of Single Touch Payroll (STP). Known as STP Phase 2 (STP2), the expansion will reduce the burden for employers who need to report information about their employees to multiple government agencies. The mandatory start date for STP2 reporting was on 1st January 2022, […]
Bookkeeping Basics for Small Business
The following 9 tips will help you set-up and manage your bookkeeping to help you stay compliant, understand your finances, and take control of your business. We know as small business owners you wear a myriad of hats to ensure your business runs smoothly and successfully—from sales and marketing, managing clients and employees, paying the […]
The Benefits of Outsourcing Your Bookkeeping
Bookkeeping is a crucial part of every business. It allows you to meet your Tax obligations and provides you with meaningful reports to address your business challenges, uncover opportunities and plan your next goals. You’ve just opened a restaurant. You’ve got years of experience in the industry, you’re a pro at front of house and […]
Employment and Payroll (Part 2)
Your Obligations, Their Rights (Part 2) There are many legal obligations, employee rights and ATO compliance to consider when deciding if a new hire is right for your business. In Part 1 of this blog, we covered New Hire & Onboarding and Payments, Payslips and Records. Part 2 will cover some basic points on Leave […]
Employment and Payroll (Part 1)
Your Obligations, Their Rights (Part 1) Whether you are hiring your first employee or already have a large team working for you, navigating the minefield of employment in Australia is no mean feat. There are many legal obligations, employee rights and ATO compliance to remember and execute. I’m sure you’ve seen the regular news story […]
4 Tips for Choosing the Best Payroll Accounting Services
As business owners, there are important administrative tasks that you need to go over each time. This hinders you to focus on a much more vital process of your business which is attaining customer satisfaction and developing your business core. Such tasks include bookkeeping, payroll management, and others. You can take away the hassles and […]
