Are you up to speed with the new Fairwork Industrial Relations? If you aren’t, you should be especially if you are an employer! This modern awards system together with 10 national employment standards began on 1st January 2010. There’s a lot to know about so please read on……..
…What’s this Fair Work Thing? Read More »
As of 12/05/09, businesses will not be able to claim input tax credits for purchases more than four years old!
…Limit of 4 Years to Claim Input Tax Credits Read More »
Superannuation contributions that you currently pay on behalf of your employees are set to rise gradually from the current 9.5% to 12% by 2025.
…Super Guarantee Rising to 12% Read More »
In business cash flow is number one. Without it even the most successful business can slowly go under. Integral to maintaining good cash flow is ensuring that debtors pay their accounts in a timely manner. This can be easier said than done and sometimes things just don’t go to plan. Debtors don’t always pay their accounts on your terms for one reason or another.
…Debtor System Example Read More »
Did you know that the ATO may have one address on record for your Activity Statements and a different one for your income tax?
…Your Addresses & the ATO Read More »
Continuing with our series of free fact sheets, today we release our fact sheet about Recipient Created Tax Invoices. What are they? When do you use them? What needs to be included in them? Find out by downloading our free fact sheet. Also included,
…Recipient Created Tax Invoices Free Fact Sheet Read More »
While most supplies or sales are taxable in the world of the Goods and Services Tax, there are some supplies and sales that are treated differently. These are called input taxed supplies. To find out more about this, download our free fact sheet below:
…Input Taxed Supplies Free Fact Sheet Read More »
If you’ve been breathing, had one eye open, and living in Australia for the past 21 years, you’ll know that most sales and purchases you make are subject to the Goods and Services Tax (GST), currently 10% on top of most items and services. You will also be aware that a receipt or invoice you receive when purchasing goods and/or services is called a tax invoice. But do you really know everything you need to know about tax invoices?
Do you know what should be included on a tax invoice? Do you know that there is more than one type of tax invoice? Do you know when/why you need a tax invoice? No? Well, we have written a Tax Invoice fact sheet which will provide you with all of the information you need and you can download it here to keep. Happy reading!
…What’s the Deal with Tax Invoices? Read More »
From 1st July 2010, if you have 20 employees or less, you can access the Federal Government’s Clearing House for superannuation guarantee payments. This makes paying super so easy.
(NOTE: As of 1st April 2014, the Australian Taxation Office will run the clearinghouse. Read more about this in this blog).
The Clearing House is the result of a 2007 Federal Election promise. Currently, employees can nominate which super fund they wish you to pay into on their behalf. This may mean that you have to pay into several funds each month which can be time-consuming and costly if you outsource your payroll. The Clearing House relieves you of this burden and allows you to pay your employees’ super into one location – the ATO clearinghouse. Payment of your employees’ super contributions with the ATO immediately relieves you of your legal liability for payment of such super. The use of this facility is free of charge and you can register for this service with the ATO on their website now.
…Pay Super Guarantee via the ATO Clearing House Read More »
Need to know how to set up combo items in Saasu? View our video below and find out how:
…How to Set up Combo Items in Saasu Read More »