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
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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
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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
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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
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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
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On April 2, 2017
Salary Sacrifice in Quickbooks
Previously in Quickbooks, in order to have salary sacrifice calculate correctly, two payroll items – a Company Contribution Item and a Deduction item – needed to be set up. This has been amended in new Quickbooks versions since 2009/10 to a single payroll item, and now ensures that the process has been simplified immensely. The example
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On April 2, 2017
What it means to be a BAS Agent
The term “BAS Agent” typically applies to a business who contracts to a client to provide services to that client to do with their BAS obligations. The new legislation was implemented with a view to providing business with protection and security. It is about the qualifications, experience, competence, professionalism of us as an external person
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On April 2, 2017
Free Point Of Sale System / Till Info Sheet
If you have a small retail business, this is a handy resource for your register staff and for whoever records the daily takings in your accounting system. This free info sheet helps explain why it is important to balance your register at the end of the day, and what elements to look for if it