02
Apr 2015
Changes to pay as you go withholding cycles
From 1 July 2015, some business owners will have their pay as you go (PAYG) withholding cycles changed. The cycle change is based on the amount you withheld under your Australian business number (ABN) in all branches during the 2013-14 Financial Year. If you withheld between $25,000 and $1 million, you will need to report and pay monthly. If the amount was more than $1 million, you will need to report and pay electronically according to the
02
Apr 2015
Changes to pay as you go withholding cycles
From 1 July 2015, some business owners will have their pay as you go (PAYG) withholding cycles changed. The cycle change is based on the amount you withheld under your Australian business number (ABN) in all branches during the 2013-14 Financial Year. If you withheld between $25,000 and $1 million, you will need to report and pay monthly. If the amount was more than $1 million, you will need to report and pay electronically according to the
Why would we give away FREE access to Xero? Simple – we love Xero, and we want to help businesses who are yet to try the leading cloud accounting software solution for small business. If you or someone you know has been thinking about switching to Xero, then this the perfect opportunity!
Why would we give away FREE access to Xero? Simple – we love Xero, and we want to help businesses who are yet to try the leading cloud accounting software solution for small business. If you or someone you know has been thinking about switching to Xero, then this the perfect opportunity!
18
Mar 2015
How to choose the best accounting software
One of the main reasons businesses fail is because there isn’t a good bookkeeping system in place that would provide warning signs the business could run out of cash. You can choose to set up a bookkeeping system manually (using accounting books), electronically (spreadsheets) or use accounting software. Unless you want to get familiar with bookkeeping practices, Business Continuity Planning Software is the most efficient choice. If you’re looking for
17
Mar 2015
How to choose a great bookkeeper
A bookkeeper is a bit like a GP – there’s one on every corner but great ones are hard to find. And when you do find one, you should never let them go. But how do you know if your bookkeeper is good or even better, a great bookkeeper? 1. Training and accreditation Every bookkeeper should have some sort of formal bookkeeper or accounting training and preferably be a registered BAS
17
Mar 2015
How to choose a great bookkeeper
A bookkeeper is a bit like a GP – there’s one on every corner but great ones are hard to find. And when you do find one, you should never let them go. But how do you know if your bookkeeper is good or even better, a great bookkeeper? 1. Training and accreditation Every bookkeeper should have some sort of formal bookkeeper or accounting training and preferably be a registered BAS
16
Mar 2015
Preparing for SuperStream
SuperStream aims to improve the efficiency of Australia’s superannuation system and provides a new standard for employers when making super contributions. It requires an employer to send contributions electronically in a standard format with linked data and payments. Why Is This Happening? Without SuperStream reforms, each super fund sets their own requirements with regards to how they will receive payments and contribution advice details for each member. This can often
16
Mar 2015
Preparing for SuperStream
SuperStream aims to improve the efficiency of Australia’s superannuation system and provides a new standard for employers when making super contributions. It requires an employer to send contributions electronically in a standard format with linked data and payments. Why Is This Happening? Without SuperStream reforms, each super fund sets their own requirements with regards to how they will receive payments and contribution advice details for each member. This can often
16
Mar 2015
MYOB extends mobile payment solutions
MYOB has announced that its popular mobile payments solution, MYOB PayDirect now accepts EFTPOS payments. MYOB PayDirect’s popularity has been driven by being the only mobile payments solution with accounting software integration available in Australia. MYOB General Manager, SME Solutions, James Scollay says this new feature will further increase its appeal. “We know that EFTPOS transactions are the most common type of card transactions in Australia. We also know from