Bookkeeping & BAS

All Posts
cash flow boost for your business

What are the Government’s COVID-19 cash flow boosts for your business?

March 30, 2020

It seems the Total time, Estimated cost, Country ISO code, Supply, Tools fields are empty.It may generate Schema errors / warnings for your Page, we recommend you to fill those fields. What are the Government’s COVID-19 cash flow boosts for your business? The Australia Government has announced two cash flow boost to support business that […]

Read More

Bookkeepers are you up to date on all ATO changes that came into effect last year?

January 23, 2020

The ATO introduced a number of legislative changes last year that will impact many small business. Here is a quick summary of the areas that may affect your business or your clients. Payments to contractors The Taxable Payment reporting system has been extended. Originally applicable to the building and construction industry, it now includes businesses […]

Read More
my gov id

AUSkey is ending soon

January 15, 2020

BAS and Tax Agents still using AUSKey need to update now. At the end of March 2020, the AUSkey system for reporting to the ATO will no longer be available. From 1 April 2020, BAS and Tax Agents will need to use myGovID and Relationship Authorisation Manager (RAM) instead. MyGovID is a simple online way […]

Read More

Is the work Christmas party subject to Fringe Benefits Tax?

December 20, 2019

Christmas parties are a great way to thank staff and clients for their time and support over the year. If you are hosting a function for your clients that require your staff to attend, remind your staff that this is a work commitment, albeit a relaxed event, and to behave accordingly. The employer is also […]

Read More
single touch payroll

Single Touch Payroll and Christmas Closure

December 5, 2019

Are you shutting your business in December or January? Here is the latest announcement from the ATO on how a shutdown during the December and January holiday period affects STP. “We understand that many businesses close during December or January. If you are Single Touch Payroll (STP) reporting or STP reporting on behalf of your […]

Read More
avoid cashflow stress

Urgent: SME’s need to prepare now for a quiet summer period

October 24, 2019

Don’t start 2020 on the back foot or worse, in debt. If your business will be closing for a period over Christmas and New Year and you expect slow sales in January, now is the time to review cashflow so that all financial obligations –including payroll, BAS, rent, utilities and creditors – can be met […]

Read More