The Tax office has updated its withholding schedules and tax tables, reflecting new personal income tax thresholds. The changes will apply to payments made on and from 13 October this year. Employers...
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National increase to Group 2 Award wages From 1 November 2020 At the beginning of this year, The Fair Work Commission announced an increase in the minimum wage in Australia,...
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Assistance to business from Energy retailers The Australian Energy Regulator (AER) has set high expectations of energy companies to protect small business customers during the COVID-19 pandemic. These Protections for...
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Running an agricultural business is very different from running any other type of business. Therefore your bookkeeping is going to be managed differently too. It doesn’t matter whether you have a couple of sheep on a few acres as a hobby farm or whether you are a large…
Xero has teamed up with Stripe in order to help you and your business get paid sooner. Your invoices can get paid using their preferred payment methods and therefore, you’ll improve your cash flow. As they say, it doesn’t count until the money is in the bank. Setting…
Gone are the days where you would get to the end of the workweek and provide your staff with a piece of paper stating how much they earned that week. These days, there’s a lot more involved in payroll systems for small to medium-sized businesses. One way to…
The due date for your Taxable Payment Annual report (TPAR) is the 28th of August for the last financial year. TPAR tells the ATO about payments that have been made to contractors providing services. You may need to lodge a TPAR every year is you are a: Business…
Invoicing as soon as possible for products and services provided should be a high priority within your business. Invoice management will be a crucial part of your business – as they say, cash flow is king and you can’t get paid if you have not invoiced! While…
