From 1 July 2022, you will need to pay super for your employees who are under 18 years old if they work more than 30 hours for you in a week. This is because the...
Blog
Updating your ABN
It can be an easy oversight to forget to update the ABN details in the Australian Business Register (ABR) when your business situation or circumstances change. A...
Debits & Credits Cheat Sheet
Asset accounts have debit balances. Debits increase Asset accounts. Credits decrease Asset accounts. Liability accounts have credit balances. Credits increase Liability...
Super Guarantee to Increase To 10%
The proportion of wages that employers must contribute to their workers’ superannuation is legislated to increase half a percent a year before reaching a final value of 12% by 2025.
You might have heard about Single Touch Payroll….. What does it mean for you??
During the 2018/19 year, Employers will commence reporting payroll information to the ATO. This does not apply to you until you are advised by your employer! This does...
Your Payroll seen by the ATO … All Year
The Single Touch Payroll (STP) is law and applies to all employers. Who? All employers must participate. “substantial” employers, (20 or more employees by headcount),...
Debtor Rights
This article is by Victoria Legal Aid, to learn more about their services visit www.legalaid.vic.gov.au If your client is in debt, they have the right to be protected...
Misconceptions about dismissing an employee in their probation period.
A recent decision in the federal court has shown why employers must always exercise care when seeking to dismiss employees - even during their probation period. A great...
That’s it, i’m done, I can’t do this anymore!! – Bookkeeping N More
"That's it, i'm done, I can't do this anymore!" This what i hear often from a loving wife who is trying her best to help her husband succeed. Hubby buys a business,...
Accounting and Bookkeeping: What’s the difference?
As a business owner you’ll be concentrating on product or service delivery. When major events occur, it is easy for your attention to be fully absorbed. Then year-end...
NES Changed – Unpaid Family Violence Leave
The Fair Work Commission approved a new unpaid leave entitlement for employees dealing with family and domestic violence. This came into effect on 1 August 2018. The...
Superannuation contribution cap changes
Excerpt from ATO – Superannuation contribution cap changes Find out if the superannuation contribution cap changes affect you. This information is relevant to you if...