Page 10 — e-BAS Accounts

Quick-start guide for new employers

BAS Agent's Blog, Payroll & Superannuation / By Louise McLoughlin / 31 October 2017 / Employer, employment, Fair Work, payroll, Quick-start guide, Staff, Super, Tax File Number Declaration / 4 minutes of reading

So you’re going to start employing staff. That’s great, this usually means your small business is booming, so well done to you! Before you don your employer’s hat however, you need to make sure that you have all of your ducks in a row. There are quite a few things you need to do so to that end, we have created a quick-start guide for new employers. Our guide will tell you what you need to know, supply crucial documents and provide links to important information. Pop this blog link in your favourites for quick access as you will find it useful each time you on-board a new staff member.

…

Quick-start guide for new employersRead More »

Like it? Share it!

Quick-start guide for new employers Read More »

5 BAS lodgement facts in 5 minutes!

BAS Agent's Blog, Business Topics, GST & BAS / By Louise McLoughlin / 17 October 2017 / Annual BAS, ATO, BAS, BAS Lodgement, IAS, Monthly BAS, NIL BAS, Quarterly BAS / 1 minute of reading

As a BAS Agent, of course I understand how BAS lodgement works [or you would hope that I do lol!] Sometimes I forget that what is old hat for me, can be confusing to my clients or even present as completely new information. Yesterday a client asked me why his monthly instalment activity statement for September hadn’t yet been lodged. The simple answer is that it’s not due yet, something that I thought he understood – apparently not! This has prompted me to write this blog – 5 BAS lodgement facts in 5 minutes. Yep, it will only take you 5 minutes to read this blog which I recommend you do if you don’t understand the mechanics of BAS lodgement.

…

5 BAS lodgement facts in 5 minutes!Read More »

Like it? Share it!

5 BAS lodgement facts in 5 minutes! Read More »

Netflix Tax – A Bookkeeper’s View (from the Trenches)

BAS Agent's Blog, Bookkeeping, Business Topics, GST & BAS, In My Honest Opinion (IMHO) / By Louise McLoughlin / 22 September 2017 / ATO, BAS, Bookkeeping, GST, Netflix Tax / 5 minutes of reading

My last blog was all about the new “Netflix Tax” and was really just an informational blog outlining what, how and when etc. In this blog, I want to look at the tax from a bookkeeper’s perspective and provide a real “from the trenches” viewpoint. All is not what it seems with the Netflix Tax!

…

Netflix Tax – A Bookkeeper’s View (from the Trenches)Read More »

Like it? Share it!

Netflix Tax – A Bookkeeper’s View (from the Trenches) Read More »

Registered for GST? What you need to know about the Netflix Tax.

BAS Agent's Blog, Bookkeeping, GST & BAS / By Louise McLoughlin / 8 September 2017 / BAS Agent, Bookkeeping, Digital, GST, Netflix Tax / 6 minutes of reading

For some time now, larger IT companies have been charging GST to their Australian consumers. Examples of these are Google, Adobe and Linkedin. They are doing this because of a new law that began formally on 1 July 2017. This new law is known colloquially as the “Netflix Tax”, requires all international companies with an annual GST turnover of $75K or more and selling services and digital products to Australian consumers, to enter the Australian GST system. While most of us aren’t too impressed with the 10% price hike on these products, GST registered business owners understand that they can claim the GST back in their BAS which alleviates the sting a little……or so they thought! Sadly, this is not the case with this new law. The “Netflix Tax” tells us something different and if you’re not paying attention, you or your BAS Agent are likely to get things wrong when processing your next BAS. Read on.

…

Registered for GST? What you need to know about the Netflix Tax.Read More »

Like it? Share it!

Registered for GST? What you need to know about the Netflix Tax. Read More »

Goody Two-Shoes

BAS Agent's Blog, For BAS Agents, In My Honest Opinion (IMHO) / By Louise McLoughlin / 30 July 2017 / BAS Agent, Code of Conduct, Do the Right Thing, Goody Two-Shoes, Tax Practitioners Board / 3 minutes of reading

Recently I was asked by a client to put a hold on the payment of his employee’s SGC (super guarantee contribution) due to an ongoing dispute between them. I of course, refused to do this because it is illegal to hold SGC payments and/or not pay them at all. Did I do this because I’m a little “Goody Two-Shoes” who always does the right thing? Well, to be honest, there probably is a little bit of that involved, but the real reason why I didn’t play the game with that client is that I am a BAS Agent. As such, I am bound by a strict code of conduct which dictates what I can and cannot do. If being a BAS Agent also means you have to be a “Goody Two-Shoes” then so be it – I’m guilty as charged.

…

Goody Two-ShoesRead More »

Like it? Share it!

Goody Two-Shoes Read More »

Our giving program is all go!

BAS Agent's Blog, Our Giving Program / By Louise McLoughlin / 8 July 2017 / Charities, Donations, Giving Back, Giving Program / 2 minutes of reading

We’re starting something new this financial year at e-BAS Accounts and if you’re one of our lucky clients, you’re going to be part of it! The following is a letter we have written to all of our clients explaining what is happening and why.

…

Our giving program is all go!Read More »

Like it? Share it!

Our giving program is all go! Read More »

Our giving program – charities have been chosen!

BAS Agent's Blog, Our Giving Program / By Louise McLoughlin / 28 June 2017 / Charities, Donations, Giving Program / 5 minutes of reading

In our last blog, I announced that e-BAS Accounts wants to start giving back. We are going to do this by way of donating a portion of our profits to certain charities each month. More specifically, we will gift 2% of every client invoice we raise to charity. Over the last 2 weeks, I have researched the various charities I am interested in and have decided upon the charities which will be the recipients of our donations. These charities are listed below:

…

Our giving program – charities have been chosen!Read More »

Like it? Share it!

Our giving program – charities have been chosen! Read More »

We want to give back & this is how we might do it (a work in progress)

BAS Agent's Blog, Business Topics, Our Giving Program / By Louise McLoughlin / 14 June 2017 / 3 minutes of reading

map, postcard, congratulation-2527432.jpg

This blog is going to be more of a brain dump! I’m not entirely sure what’s going to come out of this one but here goes! So here’s some background on what’s been floating around in my head of late:

The past two years have seen enormous growth in my little bookkeeping business for which I am very grateful. We are doing so well in fact, that I now feel that it’s time to give something back to the community to show my gratitude. So for the past few months, I have been wondering about my options for “giving back”. Being so busy now in the practice, it’s not really possible for me to give of my time per SE so I have been looking at some alternatives. Something I am playing with (currently only in my head!) is a donation of a percentage of our profits. The way I am thinking this might work is described below.

…

We want to give back & this is how we might do it (a work in progress)Read More »

Like it? Share it!

We want to give back & this is how we might do it (a work in progress) Read More »

What you need to know about Single Touch Payroll

BAS Agent's Blog, In My Honest Opinion (IMHO), Payroll & Superannuation, Single Touch Payroll / By Louise McLoughlin / 31 May 2017 / ATO, PAYG withholding, payroll, Single Touch Payroll, Super Guarantee / 4 minutes of reading

The Government are starting to push through some rather drastic measures in regards to how small business reports to the Australian Tax Office (ATO). In my last blog, I wrote about one of those new measures, Simpler BAS – a new way to report GST for SME’s. In today’s blog, I will introduce another new reporting method called “Single Touch Payroll” (STP). As the name suggests, STP will affect business owners who are also employers. Read on to find out some facts if this affects you.

…

What you need to know about Single Touch PayrollRead More »

Like it? Share it!

What you need to know about Single Touch Payroll Read More »

Simpler BAS – simpler in name only?

BAS Agent's Blog, For BAS Agents, GST & BAS, In My Honest Opinion (IMHO) / By Louise McLoughlin / 3 May 2017 / ATO, BAS, GST, GST Law, Simpler BAS / 5 minutes of reading

The ATO has recognised that there are too many labels to complete on the BAS – you can see just how many if you check out my blog series on BAS Labels – way too many! So, to make things easier for small business, a new “simpler BAS” will be introduced from 1 July 2017. It has been designed to help businesses reduce the time spent on BAS compliance and its associated costs. So how exactly does the “Simpler BAS” work and will it actually simplify our business lives? I’m not so sure…….

…

Simpler BAS – simpler in name only?Read More »

Like it? Share it!

Simpler BAS – simpler in name only? Read More »

Quick-start guide for new employers

5 BAS lodgement facts in 5 minutes!

Netflix Tax – A Bookkeeper’s View (from the Trenches)

Registered for GST? What you need to know about the Netflix Tax.

Goody Two-Shoes

Our giving program is all go!

Our giving program – charities have been chosen!

We want to give back & this is how we might do it (a work in progress)

What you need to know about Single Touch Payroll

Simpler BAS – simpler in name only?

About

Resources

Legal

e-News Subscription