Single Touch Payroll 2 Deferral

The Australian Taxation Office announced a blanket 2-month deferral for employers to transition to Single Touch Payroll (STP) Phase 2. Australian employers will now have two more months to transition to the second phase of Single Touch Payroll. The deferral was announced by the ATO  in light of the current business environment. See link  –…

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Square Payment Platform and Xero

Xero and Square enhanced integration Square is a major player in the merchant facility space due to its ease of use and portability. You have probably used it at the local market or for paying for sports or art class. Square has created a new platform with increased features. Square assures us the free version…

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Xero Pricing Update

xero-gold-partner + cert-advisor-badges-RGB Xero have announced a price increase due to offering increased functionality in the application. The increase will be effective from 23 September 2021 excluding Cashbook plans which will increase from 16 March 2022. For Business Edition Xero files: (Increase effective 23 September 2021) Standard subscription – $54/month Premium subscription – $70/month Premium…

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Office staffing hours

We have learnt from the last 12-18 months of changing business conditions and ever-changing legislation and grants policies that it’s easy to work a lot more hours and become overloaded with the updating information. After handing over the end-of-year work to accountants, we took a breath to discuss how we are working as a team…

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Legal Framework for Wage Requirements

The legal framework to determine the wages and entitlements for employees is complex.  Initially, you must abide by the 11 National Employment Standards (NES). NES Maximum weekly hours Requests for flexible working arrangements Offers and requests to convert from casual to permanent employees Parental leave and related entitlements Annual leave Personal/carer’s leave, compassionate leave and…

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Sales Invoices

Sales Invoices are required to contain specific information to be considered a valid tax invoice by the Australian Taxation Office. Failure to comply could mean that 46.5% tax is deducted from the payment to you and instead remitted to the ATO. When you make a taxable sale of more than $82.50 (including GST), your GST-registered…

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JobKeeper 2 Rules

JobKeeper 2 Rules have landed Long after legislation has past and the media has spread their take we finally have the full set of JobKeeper 2 rules to unpack and digest.   The JobKeeper 2 extensions are broken up into 2 add ons 28th September to 3rd January and then 4th January to 28th March 2021…

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Bookkepeer Position Available

Experienced Senior Xero Bookkeeper Position available It is with much sadness that we bid our senior bookkeeper Kylie goodbye; we wish her all the best in her new work role. This creates an opportunity for a new senior bookkeeper to join our practice KBAS Bookkeeping. We specialise in working alongside our clients, helping them manage…

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Commercial Rent Agreements COVID-19

There are no winners in the commercial rent scenario, the tenants many of which have had to shut the doors nor the owners who have a loan and outgoings to pay. The federal government outlined what they expected was the right thing to do in a media release. Later they tied it to the JobKeeper…

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