Category Bookkeeping Tips

Family & Domestic Violence Leave

The Fair Work Commission has approved a new unpaid leave entitlement for employees dealing with family and domestic violence. This comes into effect on 1 August 2018. The New Entitlement Employees covered by an award that includes this clause are…

Inactive ABNs

Are Your ABNs Active and Up To Date? To maintain accurate data, the Australian Business Register (ABR) periodically checks its records for Australian business numbers (ABNs), and automatically cancels those that appear inactive. The ABR checks are happening throughout 2018.…

Fixing STP Errors

What to do when the ATO says there is a problem The ATO Validates your STP file and data submission at a number of levels. Some of the tests include: File header information Is the file in the right format?…

Payroll seen by ATO all year

The Single Touch Payroll (STP) is law and applies to all employers. Who? All “substantial” employers, (20 or more employees by headcount), must participate. The count happens as of 1 April each year, commencing 2018. You must then enter STP…

GST on Low Value Imports

GST on low value imported goods will apply to sales from the 1st July 2018. This will only be relevant to those businesses that provide goods valued at $1,000AUD or lower. The items that are relevant include: Clothing Cosmetics Books…

Annual shutdown guide part 2

This is the follow-on from the Annual Shutdown Guide Part 1 The time of the annual shut-down for each business is arriving quickly as Christmas is now only a matter of a few short weeks away. There is still much to…

Annual Shutdown Guide Part 1

It is coming to that time of year again where Christmas is just around the corner and the New Year follows shortly thereafter. While it is commonly a time for celebration and an annual vacation, it can be a complex time for…