by Kirrily Burton | Nov 21, 2018 | Small Business, Tax
Single Touch Payroll (STP) Single Touch Payroll (STP) is said to be the largest change to business reporting since the introduction of the GST. What is STP? A change to the way that employers notify the Australian Taxation Office (ATO) of employee tax and...
by Kirrily Burton | Sep 14, 2018 | Small Business, Tax
From the 2017/18 financial year, a lower company tax rate of 27.5% (previously 30%) applies for qualifying Companies. How do you qualify? Turnover of less than $25 million (increased to $50m for the 2018/19 year) 80% or less of assessable income is passive...
by Kirrily Burton | Jul 12, 2018 | Small Business
Do you pay a Bookkeeper, who is not an employee, and they prepare your BAS? Bookkeepers help Businesses focus on the important job of running their business. If you are running a business and then also spending time working on the books and preparing your own BAS,...
by Kirrily Burton | May 29, 2018 | Receipt Bank, Small Business, Xero
A Bookkeeping and Tax Emergency Emergency plans come in all forms. This one is about a Bookkeeping and tax emergency. Ok, Emergency may be a little strong, but almost 300 unreconciled items in Xero says something. Combined with two overdue BAS, a disaster is...
by Kirrily Burton | Jan 25, 2018 | Bitcoin, Featured
Bitcoin and tax Bitcoin – have you heard of it? If not, you soon will! Bitcoin is becoming a very popular investment option. Some people are making extraordinary profits, buying and selling the currency. A lot are doing so without realising that a portion of...
