Are you updating your accounting software regularly? 4 reasons you should be.

As the new year begins our thoughts usually turn to new beginnings and making resolutions. It’s a way of promising ourselves to improve in year ahead. That applies as much to your business as it does to your personal life. If you are starting the year with the intention of repeating what you did the year before and the year before that, then your business is stagnating not growing. It is important that you take the time to make [...]

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How to report ‘backpacker’s tax’ in Wages Manager payroll software

On 1 January 2017, tax rates changed for working holidaymakers who are in Australia on a 417 or 462 visa. This is otherwise known as the ‘backpacker tax’. What does the ‘Backpacker Tax’ mean for you as an Employer? If you employ a working holidaymaker in Australia who holds a 417 or 462 Visa: • You must withhold 15% from every dollar earned up to $37,000 with foreign resident tax rates applying from $37,001 • You must register with the ATO to withhold at [...]

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Update your small business payroll software – new PAYG tax scales out now!

The ATO has issued new PAYG tax scales which become effective from 1 October 2016. This will affect all businesses with employees and will require you to update your small business payroll software. Cashflow Manager GOLD and Wages Manager 10.0.2.0 which contain the new tax scales are now available for download from our website. There are also some minor fixes to Cashflow Manager, Invoice Manager and Wages Manager included in the update. We recommend all Cashflow Manager users download Version [...]

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Upgrading to the latest version of Cashflow Manager-Frequently asked questions

By keeping your accounting software up to date, you are making sure that your business is as compliant with current legislation as it can be. This is important for all Cashflow Manager users, but especially Cashflow Manager GOLD and Wages Manager as the taxes, superannuation and other requirements involved with paying employees change from year to year. Here are some of your frequently asked questions about upgrading your Cashflow Manager programs. How do I upgrade to the latest version? The easiest [...]

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BAS Time Frequently Asked Questions

The deadline for submitting Business Activity Statements (BAS) is creeping up. Here are the answers to a few questions that some of you have been asking our technical support team over the last couple of weeks regarding your BAS. Why is my BAS report not displaying properly? A number of queries have come through to our support team regarding the fact that items are not displaying on your BAS statement. Most often it is because you have accidentally entered data into [...]

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What does Single Touch Payroll mean for your Small Business?

Single touch payroll (STP) is a system that the federal government wish to implement which will help to streamline business tax and superannuation reporting for small businesses. STP was originally planned to come into action on 1 July 2016, but has now been delayed until June 2017. Pay As You Go Currently, employers manually report Pay As You Go (PAYG) withholdings to the Australian Tax Office (ATO), but under the new STP system, this information will be automatically reported to the ATO [...]

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How does end of support for Internet Explorer affect Cashflow Manager?

As of January 12, 2016 Microsoft will no longer provide support for versions 8, 9 and 10 of Internet Explorer. While support for Internet Explorer 11, the latest version, remains in place for now, with the rollout of Microsoft Edge as Windows 10’s default browser, IE’s days seem numbered. Despite its detractors, Internet Explorer is still one of the most popular browsers in use today, with millions of people around the world using it every day. So if you [...]

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