On May 5, 2017

Business Information Sheet – Rights and Obligations in Relation to BAS Services

As your BAS Agent, Ringwood Bookkeeping BAS Agent #93258002, we are required by the Tax Practitioners Board to advise you as needed on your rights and obligations in relation to the BAS services we provide. Currently we provide the following BAS services: GST matters PAYG Withholding PAYG Instalments Superannuation TPAR We are able to advise you on
On May 5, 2017

Business Information Sheet – Credit Card Security

Data from Australian Payments Clearing Association (APCA) in 2014 shows that 0.02% of all credit card and cheque transactions were fraudulent – total of $311 million. Over the last ten years, the amount of fraud has increased significantly due to a rise in online transactions (where the physical card is not present), and sophistication of
On May 5, 2017

Business Information Sheet – Taxable Payments Annual Report

From 1st July 2012, businesses in the building and construction industry are required to report annually to the ATO all subcontractors that provide building services. The report is aimed at capturing services (labour) provided, rather than goods. If a contractor supplies both goods and services, then whether the contractor is included in the report is
On May 5, 2017

How to Save Money on Bookkeeping

Most bookkeepers, whether employees or contractors, work on an hourly basis. As such, the more time they have to spend chasing info from their clients, the more costly it is. How do you save money on bookkeeping? Here are some tips on how to lighten your bookkeeper’s load, and therefore lighten your bill! ACCESS TO INFO
On April 29, 2017

Single Touch Payroll

Your Payroll seen by the ATO ….. All Year The Single Touch Payroll (STP) legislation has received Royal Assent. It is law and is going to happen! Who? All “substantial” employers, (20 or more employees by headcount), must participate. The count happens as of 30 April each year, commencing 2018. You must then enter STP
On April 29, 2017

What it Means to be an ICB Certified Bookkeeper

A Member of ICB (MICB) attains certification by proving that they have performed bookkeeping services at a significant level for a period exceeding two years and by doing so they have proven their level of bookkeeping knowledge. Members have achieved the Certificate IV Financial Services (Bookkeeping). This qualification recognises a bookkeeper’s skills and competence formally