As a business owner, do you dread doing the payroll? Does it consume a lot of your time? Do you often think you could delegate payroll to another staff member, but due to reasons of confidentiality, you just decide to do it yourself? How would you feel if you were to delegate or outsource your […]
Recordkeeping
Have you paid last quarter’s super yet?
Your super contributions for the quarter (1 January – 31 March 2016) need to be RECEIVED by your employees’ super funds by 28 April 2016 which is the ATO cut-off date. Please allow enough time for payments to be received by your employees’ super funds.
How to setup an effective filing system for your business
Keeping good accounting and tax records is essential for small businesses. The most common reason for businesses not keeping good accounting records is mainly because business owners just don’t know where to start. Today, I will share with you the manual system that I give to my clients to use and it is the one […]
Countdown to 30 June 2015 – it’s stocktake time!
The ATO require businesses to undertake a stocktake to work out the value of trading stock at the end of the income year. This means you must work out the physical quantities of stock on hand and assign a value to each item of stock.
Tax tables change 1 July 2015 – be sure to update your accounting software now!
As a business, you’re probably bombarded with all sorts of business advice. Much of this advice arrives as a never ending stream of paperwork that you have to wade through, comprehend and put into action in a timely manner. If you’re not vigilant in this area you could see yourself missing important changes and wasting […]