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.
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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 your business must now pay PAYGI. This is the acronym for Pay As You Go Instalment tax. PAYGI is different to the PAYG tax [...]
Business tips & Industry Changes – coronavirus (COVID-19)
We've all been impacted by the global economical fallout of coronavirus. I can't promise your business will survive but this [...]
How to Calculate Public Holiday Wages for Restaurants & Cafes
We will show you how to find the correct award for restaurant, cafe, hospitality employees and calculate wages when public [...]
Can I deduct money from employees’ wages?
Sometimes employees owe employers money at the end of their employment. (That was a tricky sentence!) This occurs for various [...]
Fair Work Information Statement [Updated: January 2020]
Did you know that every new employee in Australia must be given a copy of the Fair Work Information Statement [...]
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). [...]
How to use the Hubdoc Phone App
When you are out and about, it can be tricky to not lose receipts. Solution: simply snap a photo [...]