Do you understand why record-keeping is so important (whether you’re in business or not)? No? Well here is your complete why what and how of record-keeping. Learn why you should do it and exactly which documents you should be keeping in today’s blog! This blog will assist you whether or not you are a business owner.
…Record-keeping – why what and how Read More »
Employing staff can be a minefield even for the best of us! One of the confusing aspects can be understanding the difference between employment statuses and what each one can mean for your employees. Today’s blog will hopefully shine some light on the topic.
There are four employment statuses to choose from:
Here is an explanation of each employment status:
Full-time employees have been employed on an ongoing basis for an average maximum of 38 ordinary hours per week. They are entitled to:
Part-time employees work less than 38 hours per week but these are usually set hours and/or days. They are entitled to:
Casual employees do not have regular work hours and are not guaranteed to get regular work. They are paid for the hours worked and receive a loading (usually 25% but you must check the relevant award as this can vary) to compensate them for not receiving the same benefits as full or part-time workers. Casuals can be entitled to penalty rates, loadings, and allowances – again check your award for further details. Casuals are entitled to:
Temporary employees are engaged for a specific period of time either via a fixed-term contract or to assist in a particular project which has an end date. These employees are also considered to be temporary if they replace permanent employees who may have taken long service leave, parental leave, or who are injured. Workers engaged via an agency would also be classified as temporary. Temporary employees are eligible for the same entitlements as described above depending on whether they are employed on a full-time, part-time or casual basis.
More information about this topic can be found on the Fairwork website.
I hope you now have a clearer understanding of the difference between the 4 employment statuses than you did before! This is a very basic description of employment statuses. For more specific information related to your industry and employees, please refer to your award.
The difference between full time, part time, casual and temporary employees Read More »
Data entry into your accounting software is a menial and thankless task but one that most of us have to do on a regular basis regardless. I think most of us don’t like it because it’s so time-consuming and let’s face it, who’s got time to waste these days! If you are using Saasu accounting software, I have good news for you. There is a way to speed up the entry of sales and purchase invoices by using the “duplicate” feature. Watch this “how to” video I prepared to see how it’s done.
How to speed up data entry in Saasu by using the duplicate feature Read More »
Are you a new employer? Do you need help with getting started? Do you know what your employer obligations involve? Being an employer is a huge responsibility and brings with it added compliance to which you must adhere if you want to get it right. To assist you in this task, we have created the “Employers’ Toolbox”, a simple guide to getting started including all of the resources you will need along the way.
Employers’ Toolbox (free download) Read More »
Even though the Goods and Services Tax (GST) has been in operation for more than 20 years, despite its best efforts to educate the general public, the Australian Taxation Office (ATO) is still receiving business activity statements (BAS) containing many errors. Most of these errors relate to the over-claiming of GST input tax credits (ITCs) but in general, can be attributed to a misinterpretation (or lack of knowledge) of GST legislation.
Below is a list of some of the most common errors business owners make when preparing the BAS.
29 Common GST Mistakes Read More »
We’ve been running our bookkeeping business for over 10 years and in that time we’ve worked with many different clients; some have been wonderful and others not so great. So what makes a great client or ideal client? We have compiled our list of 10 characteristics that we believe the ideal bookkeeping client presents.
…10 Characteristics of the Ideal Bookkeeping ClientRead More »
10 Characteristics of the Ideal Bookkeeping Client Read More »
It’s common knowledge now that if you are using cloud accounting software, you have access to bank feeds i.e. your bank transactions are pulled into your accounting file from your bank institution on a daily basis via the magic of the “cloud”. This means that you have up to the minute updates on exactly what’s happening in your business accounts. This is a great thing – no doubt. It also means the amount of time you would otherwise spend on tedious data entry is considerably reduced – what’s not to like? Undoubtedly bank feeds have been a real boon for business owners and bookkeepers alike but lately, due to some recent events in our BAS Agent practice, I have started to wonder if we actually can or should trust bank feeds. Let me tell you what happened……
…Can You Trust Bank Feeds? Read More »
Here at e-BAS Accounts we do everything via systems and checklists. When we process a client’s BAS we use our “BAS Preparation Checklist”. Using the checklist ensures that we never miss a thing! Today we are sharing the checklist with you – it’s free to download! Enjoy!
…BAS Preparation Checklist – Free Download Read More »
This is part 3 in our blog series about source documents. In parts 1 and 2 we explained what source documents are, why they’re important, and also how our clients deal with them. Today we will look at how the legislation which guides us as BAS Agents impacts the way we work with source documents.
Source Documents & Our Obligations as BAS Agents Read More »
Last week we looked at source documents, what they are and why they’re important. This week we look at how our clients work with source documents, how they deliver them to us, and the various issues that can arise from time to time.
How do our Clients Deal with Source Documents? Read More »