Be prepared for Single Touch Payroll with Cashflow Manager

Single Touch Payroll (STP) is almost here and Cashflow Manager is working with the ATO to make sure that you are ready to go when it becomes mandatory for businesses with 20 or more employees on 1 July 2018. Cashflow Manager Gold and Wages Manager will be compliant at this date and will deliver an easy-to-use solution to make this change as simple as possible for you. What is Single Touch Payoll? Single Touch Payroll is a new simpler way to report [...]

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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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What every Small Business needs to know about SuperStream

What is SuperStream? SuperStream is a government initiative aimed at making the superannuation system more efficient. Under SuperStream, employers need to make super contributions on behalf of their employees by submitting data and payments in a consistent and simplified manner.   SuperStream is mandatory for: All employers making super contributions APRA-regulated super funds Self managed superannuation funds (SMFs) receiving contributions What are the benefits of SuperStream? Employers will have the opportunity to use a single channel when dealing with super funds, regardless of how many funds their [...]

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4 Ways to Avoid Small Business Payroll Mistakes

Payroll can be a daunting task for any small business owner, with deadlines to meet, leave payments to make, superannuation to pay and many other things you need to consider. Furthermore, taxes relating to payroll can be complicated and the penalties for any errors can be high. With the right information, software and proper planning you can avoid some of the common issues others run into. Staff will be paid accurately and on time, payroll records will be up [...]

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4 Advantages of using payroll software in your Small Business

Employee costs are one of the largest expenses for small businesses, and having control over this element is essential for your growth and success. There is a fair bit of work involved in organizing paychecks and ensuring that you are contributing the right amount to taxes, superannuation and various other funds. With our payroll accounting software within Cashflow Manager Gold you can quickly and easily pay your employees. Here are just four of the many benefits of using payroll software for small [...]

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