13 000 IDEAS (1300 043 327)
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 (BAS) and Pay as you go (PAYG) withholding. While some businesses may meet these obligations on a monthly or annual basis, most businesses lodge their reports and payments every 3 months. [...]
When you are out and about, it can be tricky to not lose receipts. Solution: simply snap a photo of the receipt and upload to Hubdoc. There are a number of great receipt scanning apps on the market. I have clients using Receipt Bank or Hubdoc depending on their needs. But I'm going to talk [...]
Are payslips a legal requirement? Yes, payslips are mandatory under Fair Work. All employees must be issued with a payslip at every pay event, regardless of how much time has been worked. It is compulsory for business owners to issue payslips within 1 working day of paying employees. Fair Work inspectors can give employers a fine, [...]
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 the ATO to report employee payroll. You can't avoid getting on board because this is law. It is a government initiative aimed at streamlining business reporting to the ATO. Therefore, your [...]
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 July 2018, companies with employee headcount of 20 or more were required to implement single touch payroll reporting through payroll or accounting systems. And now, after months of uncertainty for small [...]
An efficient bookkeeping system with integrated security measures is essential to run a successful restaurant. We understand that food business owners like you are busy, so our specialist bookkeepers have created this simple step-by-step guide to setting up a streamlined bookkeeping system. We also have lists of cloud-based solutions highly recommended by industry experts for you! [...]
Running your own restaurant is challenging — but deeply rewarding. To help your food business survive and thrive, we’ll discuss the 5 most common mistakes in restaurant bookkeeping and how to avoid them. Read on to learn more about the importance of organised bookkeeping and how it can help you make informed business decisions in your [...]
