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 [...]
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 [...]
Which business receipts should you keep?
You may be wondering why your bookkeeper wants you to keep all the little business receipts or tax invoices from every single thing that you [...]
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 [...]
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? [...]
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 [...]