Single Touch Payroll (STP) officially commenced for larger employers on 1 July 2018, and the ATO has provided some further guidance for affected entities. The ATO is writing to employers who started reporting through STP before 1 July 2018, providing them with information about how their employees’ payment summary for 2017/18 may change with STP, […]

Employers of 20 or more staff (according to a simple headcount on 1 April 2018) will be required to lodge their payroll figures to the ATO after each payrun from 1 July 2018. This will provide real-time PAYG tax figures to the ATO and remove the need for payment summaries at the end of the […]

Ten tips to manage bookkeeping

Feeling overwhelmed with your receipts? Not sure where to start or what the most effective way to manage them?

The beginning of a new year is the perfect time to look at your business processes and procedures, and have a think about whether there might be ways to improve your bookkeeping efficiency. It’s so easy to get distracted and so busy with everything else that goes on with running a business; but investing time […]

The ATO has provided the following advice regarding self-managed superannuation funds (SMSFs) applying for an ABN.  The guidance is probably most relevant where a person aged over 65, who is not working, wishes to set up a new SMSF and roll over into that SMSF an amount from another fund.  If you have any issues, […]

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