Prepare for Finalising 2021 Single Touch Payroll STP

Prepare for Finalising 2021 Single Touch Payroll STP

It’s nearly time to make a finalisation declaration for Single Touch Payroll. There is no need to issue payment summaries to employees you have reported through STP.   Employers must complete the finalisation declaration by 14 July. The extended due date that small...
Super Guarantee Rate is Set to Rise from July

Super Guarantee Rate is Set to Rise from July

The superannuation guarantee statutory rate has remained at 9.5% since July 2014. However, plans have been in place for some years now, to increase the rate to 12% incrementally. In July 2021, the rate will rise to 10%. From then on, the rate will increase by 0.5%...
Tax Tips for small businessess

Tax Tips for small businessess

Common Tax Deductions for Small Business There are many expenses common to most small businesses, and there are other expenses that are specific to the nature of the goods or services the business provides. Are you claiming all the tax deductions that you are entitled...
June 2020 – Planning Opportunities to Consider

June 2020 – Planning Opportunities to Consider

It is hard to believe that the end of financial year is almost upon us. Below are some important year end planning opportunities that you might like to discuss with your Tax Agent. 1. Instant asset write-off – assets purchased and ready for use between 12 March 2020 –...
8 ways to save time and money in your business

8 ways to save time and money in your business

Like everyone, business owners are always looking for ways to save time. Every minute spent on admin or fixing mistakes is a minute that could be spent on business-building work. When time really is money, it’s worth finding ways to reduce those tedious and repetitive...

Why accurate leave management is so important

Managing employee leave might seem like quite a basic task for many businesses – especially smaller ones with only a few employees – and it can be tempting to take a relaxed approach. But unless you diligently track, manage, and pay leave for every single employee,...