Single Touch Payroll (STP) for small businesses starts on 1 July 2019 and is now just a matter of weeks away, although the ATO has given an extension until 30 September to be STP ready. STP is an electronic reporting system for payroll. It means that every time a business pays an employee, information like […]
It’s never too late to start a good record keeping system for your business. It’s an important part of being a small business owner and will help you to ensure you’re meeting your tax obligations. Benefits of record keeping While it can be tedious, there are many benefits to keeping good records. It can help […]
Bank feeds are automatically created lists of the transactions (spent and received) in your bank account which are electronically ‘fed’ through a third party provider to your accounting software. Bank feeds have been around for a while as part of desktop accounting software and have been integrated into online accounting software only in the past […]
What is Single Touch Payroll? Single touch payroll (STP) is a reporting change for employers that the Australian Government are currently rolling out. Essentially it is streamlined reporting from your accounting software directly to the ATO. What this means for you the employer From 1st July 2018, if you have 20 employees or more, you […]
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