We’re into the second half of June already and the race is most definitely on to the end of the financial year, but are you primed and ready to go, or scratching your head wondering what you need to do? This time of year can be quite stressful for small business owners particularly if organising is not your strong point. To help you get ahead of the curve, here are 5 quick wins to get your books into shape [...]
We are excited to release a low-cost, Single Touch Payroll (STP) solution for very small business’, called Wages 1-4. We released this solution in response to an ATO initiative aimed to assist businesses with very few employees, who do not currently use payroll software, to begin reporting electronically. Our pricing and product features are set according to the ATO’s guidelines. You can see Wages 1-4 listed here on the ATO no-cost and low-cost STP solutions register. Wages 1-4 looks and functions much [...]
As you are aware, the ATO have announced they are making big changes to how small businesses report to them. Specifically, the ATO is transitioning businesses who pay wages to employees to digital reporting methods. This new method of reporting is called Single Touch Payroll (STP). This simply means that employers will be required to send their employees’ tax and super information to the ATO each time they run their payroll and pay their employees. STP reporting has been rolled out gradually [...]
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