Blogs
Daylight Saving Payroll
What Does the Fair Work Act say about Daylight Saving? The Fair Work Act does not contain rules about Daylight Saving, so employers need to consider arrangements for the payment of wages for employees affected by changes to their hours of work as a result of daylight saving. Employees most likely to be impacted are […]
Technology Makes us all Super Heroes
Everyone is a super hero Technology is the future, and the future is here now! It seems every kid these days has some sort of mobile device. Whether that’s a good or a bad thing, everything has different opinions, but I think it’s here to stay so we’d better embrace it before we’re left behind! […]
Is Business Right for You?
Why are you going into business? There are a number of reasons people go into business for themselves. They can generally be broken down into: They want to take control of their future. They don’t want to work for somebody else. They want to work on their own terms. They want more flexibility. They’re passionate […]
Get Outside Your Comfort Zone
This weekend we’re going camping. That’s nothing new for us – we take a 3-day weekend nearly once a month and go to some awesome places with great friends. We have a beautiful caravan which makes the whole experience that much more enjoyable. But this weekend, in preparation for a weekend at Moreton Island in […]
It is better to have tried and failed, than never try at all
We’ve all been there … doubting mum moment. Mine was the last day of vacation care so the kids were having a party and talent quest. My boys of course wanted to take their guitars – no problem. As I dropped them off, one of the supervisors asked if they could play. And now that […]
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Preparing for End of Financial Year
It’s never too early to start preparing for end of financial year. What can you do now that will help with the end of financial year process? Get your accounts up to date Failing to keep your accounts up to date, or to be across all financial aspects of your business can be a downfall […]
Electronic Document Storage
Is it OK with the ATO? What is the ATO view of sufficient requirements for electronic record keeping of business transactions? A business may choose to keep copies of paper records in electronic form. All business transactions must be supported by the correct records, including any electronic commerce transactions. Essentially, the record keeping systems involved […]
Employees Who Steal
How to Protect Yourself from Employees Who Steal Unfortunately, it happens. There’s an old saying in retail that goes: 10% of employees will always steal from you 10% of employees will never steal from you 80% of employees might steal from you if they have the opportunity I’d rather think that 80% will never steal […]
Single Touch Payroll
What is Single Touch Payroll? On 28th December 2014, the Minister for Small Business and the Assistant Treasurer announced that the Government will cut red tape for employers by simplifying tax and superannuation reporting obligations through Single Touch Payroll (STP). Under STP, employers will use business management software to report (and potentially pay) PAYGW […]
SuperStream is Coming …
What is SuperStream? Have you heard about SuperStream? If you employ 20 or more employees, now is the time to get familiar with SuperStream. From 1st July 2015, employers with 20 or more employees can use the new Superannuation Data and Payment Standard when making superannuation contributions. The standard offers a simpler way of making […]
What’s Your Breakeven Point?
Do you know your breakeven point? As a business owner, you’re in business to generate a profit. But before you make even a dollar of profit you need to know how much to sell your products/services for in order to keep the doors open – in other words, your breakeven point. Many business owners don’t […]
When Customer Service Goes Wrong
I was recently surfing through Facebook and saw some beautiful clothing that a friend had shared, so I jumped onto the online seller’s page. There were some fabulous items – and also lots of very bad comments from very dissatisfied customers! One customer had gone so far as to obviously keep track of everything posted […]
End of Financial Year is Done – What I’ve Learned
As a bookkeeper, end of financial year is a pretty hectic time. We firstly have tight time constraints with preparing and providing Payment Summaries; then there’s the June BAS; and usually there are a number of clients who come out of the woodwork with the past 12 months of accounts to complete; and everybody seems […]
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EOFY Payroll Checklist
Check Check ALL employees details for current addresses and tax file numbers Remove any full stops and commas from addresses Check terminated employees have a termination date Check annual leave and personal/carers leave entitlements flag has ‘Carry Remaining Entitlement’ Reconciliations Reconcile total gross wages to payment register YTD report to wages expense YTD Reconcile outstanding […]
Common GST Errors
Are you making these common GST errors? Claiming GST on bank fees and interest – there is no GST on most bank fees and interest. Claiming full GST on insurance – there is stamp duty included in your insurance premium which is not subject to GST. Claiming full GST on vehicle registration – there is […]
Bookkeeping & GST
How do I deal with my GST? Although the GST has been around since July 2000, many businesses are facing it for the first time – either because they are newly established or because recent changes in their turnover have forced them to register. For these businesses, there are many things to consider in the […]
End of Financial Year
Are you ready for end of financial year? It seems not so long ago that we were opening presents from Santa and enjoying weekends at the beach. All of a sudden the days have turned cold and I’m rifling through my kids drawers trying to find them warm clothes for the day. And just around […]
Common Payroll Errors
Are you getting your payroll right? If you hire staff, payroll is a very important job! Not only for compliance issues – nobody wants grumpy employees because they haven’t been paid correctly! Here’s some common errors that we come across for you to look out for when you’re preparing payroll for your staff. Has annual […]