Business Family – Page 8 – Streamline Management

Fashion Day in your family business

Do several members of your family have the same taste in work clothes because you work together in a family business?

From 1st July 2021 the exemption for businesses to regularly report wages for closely held employees (owners/directors/shareholders & their family members) is being removed.
Single Touch Payroll (STP) reporting for closely held employees must be at least quarterly, declaring a wage as at 30th June each year will no longer be acceptable.

July 9, 2021

2021 Increase to minimum wages

Following the Annual Wage Review 2021, the Fair Work Commission (FWC) has announced a 2.5% increase to the national minimum wage.
The increase applies to anyone who is paid minimum award wages or the national minimum wage.
The award increase will happen in 3 stages.
Most awards will increase from 1 July 2021.

June 18, 2021

Tea Day

It is Tea Day, do you fancy a cuppa and a chat? (it doesn’t have to be restricted to bookkeeping)
We’ll put the kettle on!
BYO cup and give us call or we’ll meet and share a pot and some cakes – we’re ready to listen.

April 21, 2021

Happy Easter!

Hopefully we can all resist the urge to eat more easter eggs than we can count!
Happy Easter – enjoy the break!

April 1, 2021

Allowable deductions for Christmas parties

Best to refresh your memory on the allowable deductions and FBT rules, before the event, so you don’t end up with any surprise tax to pay!
It is possible to enjoy some tax benefits out of your generosity and avoid Fringe Benefits Tax (FBT).
The following is a general summary of the tax treatment of Christmas giving.

December 6, 2020

Internet Day

Can you imagine life without the internet??!
Right now that seems impossible!
We are super grateful to have Xero, Receiptbank, Float, GovReports, Practice Ignition, Xbert, MinuteDock, Asana, Zoom & Facebook in our lives!
The internet and our Appstack has allowed us to support our clients through these challenging times. Hurrah for the internet!

October 29, 2020

International Coffee Day

Where shall we meet for a coffee and a chat?
We love to chat to our clients about all kinds of things – it doesn’t have to stick to the exciting world of bookkeeping! We want to know what’s happening in your business.

October 1, 2020

JobKeeper 2 starts soon

JobKeeper2 is about to start!

JobKeeper1 ends on Sunday. Any PAYMENT made after Sunday will not count in JobKeeper1 and is not reimbursable. You may need to update your pay templates to remove topups if you are no longer eligible.

September 22, 2020

Boss/Employee Exchange Day

Is the exchange between boss and employee as simple as money for time?
Hopefully its not an exchange of heated words!
What about exchanging roles for a day?

September 14, 2020

Bring your manners to work day

Courtesy is free, buy in bulk and make it rain!

Running a small business is stressful, sometimes your clients are demanding and rude.
The relationship between service provider and client is not one of master and serf, it is between SMEs (Subject Matter Experts).

September 4, 2020

Category: Business Family