June 2017 marks 10 years of operation. To all my clients, past and present, current and former employees, I would like to thank you on your support. It has been an absolute pleasure to work with you over this time and I look forward to continuing to service you and your business well into the [...]
The Australian Government has increased the 32.5% tax threshold from $37,001 - $80,000 to $37,001 - $87,000. What does this mean for employers? The tax tables have changed for employees who earn over $80,000. You need to download the updated tax tables from ato.gov.au/taxtables or contact your payroll software provider for the relevant update. Do [...]
See following a recent ATO post on this topic: Providing taxi travel services through ride-sourcing and your tax obligations. The views in this product relate to the meaning of the word ‘taxi’ as it appears in the GST law. For GST purposes, the word taxi takes on its broad ordinary meaning of a car (vehicle) [...]
Payment Summaries should have been issued to your employees by now and you have until 14th of August to report to the ATO. Accounts Central Services has now issued payment summaries to all its clients employees and reported to the ATO. Have you issued yours yet? If you need assistance with issuing your payment summaries, [...]
Then give us a call at Accounts Central Services on 03 9614 8641 and to discuss your business bookkeeping needs and free up some of your precious time to spend with your family. As it is Mother's Day this Sunday, Accounts Central Services is giving away a Zoos Victoria Membership to a lucky mother. To [...]
It is due today. However if you use a BAS agent or Tax Agent to lodge your BAS you will receive an automatic extension for lodgement and payment until 26th May 2015. Should you need assistance with completing your BAS, please give Accounts Central Services a call and we would be more than happy to [...]
The easiest solution to this problem is to open up a separate bank account, solely for GST and PAYG withholdings payments. Each week you should estimate what your liability has been for the previous week and then transfer those funds to the separate bank account. This way, when it comes time to pay your taxes [...]
Give your bank a call today and ask them to do a rate review. You may be very surprised by the result. If you would like a home loan health check done, let me know and I can have a mortgage broker review your loan(s) free of charge, all without leaving your desk. You may [...]
This year was the first year that Easter Sunday was classified as a public holiday. The public holidays that you should be paying this year over the Easter weekend are as follows: Good Friday - Friday 3th April Saturday after Good Friday - Saturday 4th April Easter Sunday - Sunday 5th April Easter Monday - [...]
Then you have 3 months to become SuperStream compliant. If you employ 19 or less employees you have until 30 June 2016 to be SuperStream compliant. Here is an extract from the ATO website. If you need any assistance with SuperStream give Accounts Central Services a call. What is SuperStream? SuperStream is a government reform [...]
