What does Bookkeeping actually do?
Now that you’ve gotten your business off the ground, who is going to keep track of the financials? This is where a good, reliable, trustworthy bookkeeper comes in. A good bookkeeper will accurately maintain the financial records for your business in an efficient manner in a way that you may not have the knowledge or […]
How to prevent Payroll Fraud?
What is payroll fraud? What can your business do to prevent it? Payroll fraud is theft from a business that occurs via its payroll processing system, usually by an employee. Miscalculations in the payroll process can cause massive issues fluctuating from financial losses to a weakened company reputation. There are many ways payroll fraud can […]
Paperless Payroll
No longer does running payroll require you to print out and maintain mountains of paperwork. Today’s online payroll systems help small business make the process completely paperless. Rather than having to print out payroll reports, pay employees with paper checks, and record time and attendance via a paper time sheet, online payroll programs let you […]
Changes to personal leave: Paid personal leave to be accrued in days not hours.
If you’re in HR and you deal with shift workers, Federal Court ruling might have you re-configuring the payroll. The majority of the Full Federal Court handed down an important decision in Mondelez v AMWU & Or’s [2019] FCAFC 138 On 21 August 2019, that all full time and part time permanent employees are entitled […]
How to Catch-up on your Bookkeeping?
You started your business because you have a special gift that makes you really good at what you do. But like every small business owner quickly finds out, managing your business takes almost as much time, as the time you get to do the things you actually enjoy doing to grow your business. As tempting […]
What happens if you don’t do Bookkeeping?
Would you rather spend a Friday night in catching up on your company’s bookkeeping or would you much rather be spending a well deserved night out with your friends and family? Or you could also be staying in to watch Netflix & Chill with a glass of wine (like we would)? The answer is pretty […]
2 Xero Tools To Improve Your Operations
Have you ever felt lost as update progresses and feel like you are getting left behind? You’re not alone! With so much information these days, it does get difficult to sieve through what is MOST important to you at this current point in time. Let’s cut to the chase then, shall we? Here are 2 […]
ATO announces JobKeeper cessation letters to be sent out amid pressure to amend eligibility criteria
JobKeeper participant claimants who do not fulfill the requirement set out can expect to receive notification from the ATO. This is covered by a range of situations in which claimants failed to meet the requirement of notifying the ATO of business activity either through tax return, activity statement, or GST return by 12 March 2020. The […]
The Annual Wage Review 2019-20
Due to the Fair Work Act 2009 (Cth) requires the formation of the Commission made up of the Expert Panel for annual wage reviews. They aim to conduct a complete review of national minimum wage (NMW) for each financial year. They are given the power to set, vary or revoke modern award minimum wages (which […]