Running a business is no walk in the park, but when it comes to keeping your books completely squeaky clean, we’re the family you want in your corner.
You want your numbers to be strictly legitimate so you never have to worry about anything ‘falling off the back of a truck’ or lost receipts disappearing into concrete shoes – We make bookkeeping an offer your bottom line simply can’t refuse.
Happy Boss’s Day to everyone calling the shots!
We all want to look the part, but the ATO isn’t keen on you just buying clothes you like, and claiming they are a ‘uniform’ for your small business. Protective equipment (steel capped boots, googles, hi-vis) are a different discussion, you’d be in trouble if you cut costs here.
When it comes to clothing – it depends!
Here is how to tell if your team’s gear actually makes the cut
Bosses and employees exchange cash for labour. And at the same time they also exchange a lot of sensitive data.
How do your new employees safely exchange their personal details with your HR team (you and us)? Not by email – its just not a safe way to transfer TFNs and other identity documents.
We can now collect employee data directly in Xero. Your new employee will receive a link to provide their TFN declaration, Super Choice forms and personal details.
Payslips and leave records can also be accessed from the XeroMe employee portal – they cannot access any other data.
Holler if you’d like to chat about ways to reduce the risk of exchanging of employee data with fraudsters.
When pigs fly, labeling a worker as an ‘independent contractor’ to dodge superannuation and leave entitlements will pass an ATO audit.
Until then, sham contracting is illegal (maximum penalty for a small is business is $109,200!) If they work like an employee, carry no risk if they stuff up, and rely on your equipment like an employee… guess what? The ATO and Fair Work view them as an employee.
Keeping your worker classification above board protects your business from disputes and hefty penalties down the track.
Unsure if your team is classified correctly? Give us a shout today to get your payroll sorted!
If you have a construction, cleaning, IT, freight/courier or security business you need to report payments made for service to your subcontractors (a bit like group certificates) to the ATO – by today!
This is one of those rare lodgements that don’t cost you any money! (assuming you lodge on time, otherwise expect a fine).
Didn’t know TPARs were a thing? Ask us to help.
Heads up: Taxable Payments Annual Report (TPAR) are due by 28th August.
You need to report payments to contractors (a bit like group certificates) if your businesses operates in these industries:
– Building and construction services (this covers a broad range of services including engineering and decorating)
– Cleaning services
– Courier services
– Road freight services
– IT services
– Security, investigation or surveillance services
– Government entities
Failure to Lodge penalties apply if you should lodge, but don’t.
Thinking about bringing in an intern or student to help out in your business? On paper, getting an extra set of hands in exchange for offering industry experience sounds like a win-win.
Before you bring someone on board, it’s crucial to make sure you’re staying on the right side of Fair Work rules.
Get someone to grab you a coffee and read through the fine print.
Today is Pandemonium Day and Group Certificates are due out to staff – could it be a coincidence?
If you DIY – make sure you’ve reconciled wages, you need to get everything in the right little box.
Then submit to the ATO, and wait for confirmation (not by sitting there hitting refresh, do something else for an hour or so).
Staff no longer receive paperwork – they will see Tax Ready in their myGov.
Not sure you’ve got everything in the right little box? Ask a licenced expert to help (licenced sparky not a helpful expert in this case!)
We’ll be celebrating with Fairy Bread for lunch!
(cause you’re never too old for white bread, butter, and hundreds and thousands.)
Do you remember 1997?
– Tax time meant marching down to the post office with your PAYE and PPS pink books.
– The internet came with a dial-up screech and laptops could double as doorstops.
– Accounting meant wrestling with Lotus 1-2-3 on an extremely deep desktop monitor.
To our amazing clients, partners, and friends – thank you. Thank you for trusting us with your businesses, for laughing at our silly days of the year, and for being the best bit of our 29 year journey. We literally couldn’t do it without you.
🧁 🎁🍾🎁🧁
There are a few changes kicking off in July to keep you on your toes,
don’t worry – we’re here to help.
