by Marketing | Oct 28, 2021 | BAS Bookkeeping, Business Startup, Employment, Payroll, Superannuation
For many years, employees have been able to choose a fund for employer superannuation guarantee contributions. If the employee failed to exercise that choice, the employer could create a new super fund on their behalf. Over time, employees can end up with multiple...
by Marketing | Jul 2, 2021 | Directors, Employment, JobKeepr, Single Touch Payroll, Sole Trader, Uncategorized
The ATO recently issued a warning to JobKeeeper recipients about declaring it in their 2021 tax returns. Whether you include JobKeeper directly will depend on how your business was structured: SOLE TRADERS – Sole traders received JobKeeper directly from the...
by Marketing | Mar 24, 2021 | Busienss Strategies, Business Startup, Business Structures, Company Setup, Employment, JobKeepr, Stimulus 3, Stimulus Package 1, Stimulus Package 2
There has been a lot of talk about how businesses will cope post-JobKeeper. A comment I heard just today said, “The end of JobKeeper in March 2021 will result in an economic cliff face.” Really? Government Stimulus A year has passed since COVID-19 ravaged...
by Marketing | Mar 26, 2020 | BAS Bookkeeping, Bookkeeping Services, Business Startup, Business Structures, Company Setup, Employment, Income Tax - Business, Income Tax - Individuals, Shelf Company, Single Touch Payroll, Tax Saving Strategy, Tradies, Trust Setup
SMALL BUSINESSES NEED TO GET READY Stimulus Measures The Australian Government’s economic response to the COVID-19 crisis is a two-pronged approach. Cash Flow Boost JobKeeper/JobSeeker How do They Work We have been busy answering inquiries and calculating...
by Marketing | Mar 25, 2020 | BAS Bookkeeping, Bookkeeping Services, Busienss Strategies, Employment, Income Tax - Business, Single Touch Payroll, Stimulus Package 1, Stimulus Package 2
Stimulus 1 and Stimulus 2 Stimulus 2 has just been announced and contains multiple components. Stimulus 2 modifies Stimulus 1. Several fact sheets are available from various government sites that help explain the package’s different components. Boosting Cash...
by Marketing | Dec 10, 2019 | BAS Bookkeeping, Bookkeeping Services, Business Startup, Company Setup, Employment, Income Tax - Business, Payroll, Single Touch Payroll
Single Touch Payroll (STP) was introduced on 1 July 2019 and has changed where every employer will be required to use the system. If you are still using a manual system to pay your staff, you will need to change soon. Recent legislative changes now remove the need for...
