EOFY – Keeping it together!
The end of financial year is fast approaching. End of financial year doesn’t just mean ensuring the books are in order, tax returns and planning for the new financial year ahead. Here is our small business checklist to get you through end of financial year. Keep it Together! Make sure your documents are organised, and…
Micro Businesses and Single Touch Payroll
By now most people have heard of Single Touch Payroll (STP). If not, it’s a relatively new process that requires businesses to report employee earnings and superannuation to the Australian Tax Office (ATO) each pay period via an online report. This has been rolled out progressively since 1 July 2018 for large businesses, and 1…
Tax apps saving time and money
Keeping track of your finances in a small business can be a full time job. Tools that make this less of a headache can save you time and your sanity at tax time. There are numerous receipt scanning apps out there that can do a range of different things. Some apps just take…
ATO scams
The end of financial year (EOFY) is looming and that means…a new round of scams. As account departments and small business owners’ ramp up to finalise their EOFY accounts and compute their group certificates, cybercrime also increases. According to the Australian Competition and Consumer Commission (ACCC) Australian business reported more than 5800 scams…