The establishment of professional bookkeeping associations in Australia in the early 2000’s, was the profession’s first step in putting in place a framework for professional bookkeepers to work and be recognised. The introduction of initiatives such as codes of conduct,…
Plan The Increase in Costs to Business From 1st July The end of the financial year (EOFY) is an important time for business owners to request financials from the bookkeeper to help measure the success, identify issues from the year just…
Understanding and Choosing the Right Method for a Business Pay As You Go Instalments or PAYG Instalments are implemented by the Australian Taxation Office (ATO) to help businesses and individuals meet their income tax obligations throughout the financial year. It…
10 Days of Paid Family and Domestic Violence Leave Each Year If you or someone you know is impacted by sexual assault, domestic or family violence, call 1800RESPECT on 1800 737 732 or www.1800respect.org.au The Law Has Changed As an…
Several recent high-profile data breaches, involving companies such as Optus and Medibank, have put a spotlight on the importance of keeping sensitive employee data safe and protected. Your legal obligations Employers have a legal obligation to collect and store employment…
The Taxable Payments Annual Report Lodgement Due Date – 28th August Annually The Taxable Payments Annual Report (TPAR) must be lodged by 28th August each year. If your business makes payments to contractors you may need to report these payments in a…
REMINDER: Super Changes From July 1 2023 Important changes to SG Super to be aware of from 1 July 2023 Superannuation Increase to 11% From 1 July 2023 the Superannuation Guarantee increases from 10.5% to 11%. Employers will need to…
HOW QUICKLY DOES LARGE BUSINESS PAY SMALL BUSINESS? The Payment Times Reports Register shows information on payments from large businesses, and other reporting entities, to their small business suppliers. Under the scheme, large businesses and certain government enterprises must report…
SME LOAN RECOVERY SCHEME EXTENDED TO JUNE 2022 The SME Loan Recovery Scheme has been extended for another six months It was due to expire at the end of December 2021. The extension means loans under the scheme will remain…