Tax

/Tax

Which business receipts should you keep?

By | 2019-06-20T02:57:09+00:00 June 19th, 2019|Categories: Business Management, POS, Purchases, Tax|

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 buy. No, we aren't trying to annoy you. We want to: Get your business numbers to be the best reflection of how it's performing (accurate numbers = better business decisions) Make [...]

How to Set Up Single Touch Payroll

By | 2019-06-06T01:01:29+00:00 March 21st, 2019|Categories: ATO, Employees, Payroll, Regulations, Restaurant Bookkeeping, Superannuation, Tax|

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 [...]

Is Gifting Wine a Tax Deduction?

By | 2019-05-29T02:31:06+00:00 November 28th, 2018|Categories: ATO, Ideas, Tax|

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? Firstly, any gift needs to be evaluated as entertainment or non-entertainment because this affects the decision on tax claims. Entertainment gifts attract Fringe Benefits Tax (FBT) penalties. Stay tuned for our [...]

Single Touch Payroll Is Coming To A Restaurant Near You

By | 2019-05-29T04:37:24+00:00 May 14th, 2018|Categories: ATO, Employees, Payroll, Superannuation, Tax, Uncategorized|

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 forms: in kind, cash, booze, meals, cheque or direct transfer to a bank account.  Managing a hospitality payroll can get messy and difficult to reconcile correctly. You find yourself paying the [...]

Ban Christmas Parties

By | 2019-05-29T00:29:11+00:00 December 4th, 2017|Categories: ATO, Ideas, Tax|

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 hats, cheap gifts and a dinner with too much beer does not grow people and strengthen teams. But experiences enjoyed together does. Replace your Christmas parties with team building training events [...]