Single Touch Payroll: Are you Ready?
What is Single Touch Payroll? Single Touch Payroll or STP, is an Australian Government initiative to reduce reporting burdens across government agencies. It is a new way to do your payroll reporting using STP enabled software such as Xero or MYOB. The Australian Government has made it a legislative requirement that employers report all pay
Business Structures Explained
One of the first and key decisions you will make when starting a business – is its structure. The type of structure will depend on the size of the business and how you want to run it. Each different structure will have an impact on specific areas such as tax, asset protection and set up
10 of the weirdest thing’s taxpayers have tried to claim on their tax returns
10 of the weirdest thing’s taxpayers have tried to claim on their tax returns The ATO has recently spoken about all the weird and wonderful expenses that people have attempted to claim on their tax returns, so we dug a little deeper to see how far the Australian taxpayers have gone to get a bigger
How to call your Debtors
How to call your Debtors The fastest way to fix your cashflow crisis is to call your debtors. Let’s be real though, no one wants to make those phone calls. Here are some steps to ensure your call results in debt being paid. Step 1 – Preparation Before any calls are made, ensure you have
Conscious filing for the everyday business
Conscious filing for the everyday business What does your filing look like? A bit so-so? Or totally immaculate? There is no right or wrong really, if you have a filing system that works for you and you stick to it – you should be ok. You are probably thinking filing? That is not going to
Lead with Laughter
Lead with Laughter! The good ole saying “Laughter is the best medicine” is probably one of the truest sayings I have ever heard. When you laugh, it not only lightens your load mentally, but it helps you physically as well. You breathe in more oxygen and it increases your brains release of endorphins – and