What is PAYGI on my BAS?
If you have noticed a large $$ jump in your latest BAS liability, but not an increase in sales or wages, it may be because [...]
One of our core values is ‘learning’ so we aim to share business ideas and discussions with the food industry to prompt business owners to make better decisions and ask challenging questions. Information within our blog and website is general advice only which is available in the public domain. It is not tax advice. Tax, payroll and compliance information changes on a regular basis so always refer to Fair Work, the ATO, Tax or BAS Agents and state or industry bodies for compliant advice relevant to you.
How To Track My ATO Balance in Xero
Most hospitality businesses have fallen into this situation, especially during the COVID pandemic - Cash flow fluctuated like a feast or famine and trying to [...]
10 Steps to Balancing Xero for Compliance
Reconciled and accurate Xero files may be the difference to getting a government cash incentive or not. Or securing that needed bank loan for new [...]
Financial Relief & JobKeeper during coronavirus (COVID-19)
Regular updates on JobKeeper, Financial Relief and Government's Economic Response to Coronavirus COVID-19 - - Simplified and much more. This information is for businesses with [...]
Bookkeeping solutions for your quarterly ATO obligations
Every quarter of each financial year, your business must meet certain reporting obligations set by the Australian Taxation Office (ATO). These include Business Activity Statements [...]
How to Set Up Single Touch Payroll
What is STP (Single Touch Payroll)? Set up Single Touch Payroll now! From 1 July 2019 all businesses will need to be electronically connected to [...]
Navigating Single Touch Payroll for Cafes & Restaurants
Australia has reached a new milestone in digital bookkeeping with the passing of the legislation for Single Touch Payroll reporting earlier this year (STP). Starting [...]
Is Gifting Wine a Tax Deduction?
It’s common to gift wine at Christmas time, but did you know the ATO treats gifts to employees different to gifts to suppliers or customers? [...]
Superannuation – Last Chance to Pay Your Restaurant Employee’s SGC
Don't get left on the grill because it's about to get hotter for employers. WHAT IS EMPLOYEE SUPERANNUATION? When certain conditions are met, a [...]
Single Touch Payroll Is Coming To A Restaurant Near You
SINGLE TOUCH PAYROLL IS COMING TO A RESTAURANT NEAR YOU Look out for Single Touch Payroll. Over time, hospitality employees have been paid in many [...]
Ban Christmas Parties
We believe that staff Christmas parties should be banned. Sounds harsh, doesn’t it? We learned a long time ago that a Christmas party of silly [...]
Buying Or Selling Your Restaurant Real Estate
Most food business operators will lease the premises required to run their business. Those that have managed to buy real estate and be their [...]
Simpler BAS for Restaurant Bookkeeping
Running a restaurant is as easy as juggling a dozen fry pans greased with butter - on the handle! Probably not our best joke, but [...]
What Are BAS and GST?
Opening a new restaurant or cafe? Then you need to understand your business tax and reporting obligations. BAS Definition for Restaurant Bookkeeping BAS stands [...]
