It’s almost 30 June and so begins the bombardment to “buy now to get a tax deduction this financial year”. But is this always true and is it always a wise decision? Do small business owners even consider their financial position before making these decisions? Are you spending $1 to save 30c? Consider the following before you make that EOFY purchase: 1. Do you really need it? Buying stuff you DON’T need seems like a poor business move to me. If you really need to offshoot some funds hire a… Read more »
We’ve got a great offer from MYOB that we highly recommend for you. With tax time just around the corner, we think now is the perfect time to move your accounting file online to start the new financial year with efficient new processes and the latest tax updates. If you choose to move your desktop AccountRight file online before June 30, you’ll receive 50% off for a 12 month subscription.
Your Payroll seen by the ATO ……… All year. The Single Touch Payroll (STP) legislation has passed through Parliament. It is law and is going to happen! Who? All “substantial” employers, (more than 20 employees by headcount), must participate. The count happens as of 30 April each year. You must enter STP as of 1 July 2017. Anyone can elect to enter STP earlier. What? You submit payroll and superannuation data to the ATO each “PayEvent”. A PayEvent is each time you pay someone and should be generating a… Read more »
It seems that these days you can get a bookkeeper from $20 an hour upwards. Maybe they are the like the “Two Dollar Stores” of this world. They hope to be able to do a large number of clients’ books quickly at a low cost, and make a living based on turnover. It begs the question: Is a cheap bookkeeper cheap because they themselves do not value their work or worth? Maybe the cheapest bookkeeper has never run a business in their life? Maybe the cheapest bookkeeper is just starting… Read more »