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CLOUD ACCOUNTING NEWS
Latest news about cloud accounting including Xero, WorkflowMax, Class, Sage Handisoft, and integrated POS software from Billings + Ellis, experts in cloud accounting.
Superannuation Guarantee (SG) increase effective 1 July 2021
The Superannuation Guarantee (SG) rate will increase from 9.5% to 10% on 1 July 2021. Employers with staff on salaries that are inclusive of superannuation will need to make a decision – whether to incorporate the increase in the existing salary package of staff or apply the SG uplift as an increase to total employee costs.
Second stage of government stimulus package for 2020
On 22 March 2020, the Australian government announced the second stage of its economic plan to cushion the economic impact of the coronavirus and help build a bridge to recovery. Here is a summary of key points in the government stimulus package.
Government stimulus package offers economic remedy for 2020
In response to the impact of Coronavirus (COVID-19) on the Australian economy, the Federal government announced a stimulus package to assist Australian businesses in general and also provide extra support for some individuals. The business benefits are not automatically applied and some action is needed to claim available benefits where eligible.
The importance of wages compliance for small business owners
Media reports of wages underpayments by high-profile employers have drawn focus on the importance of wages compliance for small business owners, who may need professional guidance on payroll calculations to ensure peace-of-mind.
Government support package for small businesses impacted by bushfire crisis
On 20 January 2020, the Australian Government announced a comprehensive support package to help small businesses that have been impacted by the bushfire crisis get back on their feet.
Getting prepared for EOFY 30 June 2019
As the financial year draws to a close, business owners can still take advantage of any benefits that could be available and ensure the business is in good shape for closing one financial year and entering another. Here are some specific matters to be considered in time for 30th June 2019.
Small business owners – are you ready for Single Touch Payroll 2019?
Single Touch Payroll (STP) reporting for employers with 19 or fewer employees will come into effect from 1st July 2019. Is your business ready?
Single Touch Payroll (STP) reporting for employers with 20 or more employees (as deemed to be a ‘substantial employer’) came into effect on 1st July 2018 in accordance with new Australian government legislation. From 1st July 2019, this reporting requirement will also most probably come into effect for employers with 19 or fewer employees.
So, what is Single Touch Payroll? How do you prepare for STP? What changes do you need to make? The following simplified explanation could help you better understand Single Touch Payroll reporting and how to get ready for the transition.
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Billings + Ellis strikes Gold with Xero!
For many businesses, Xero doesn’t need an introduction. But if you’re not familiar with Xero, it’s cloud accounting software that allows access to your business finances anytime from anywhere via your internet-connected device. Xero lets you collaborate with your accountant, bookkeeper, and staff in real-time. Billings + Ellis is proud to be a Xero partner and even prouder to have recently achieved Xero Gold Partner status. So how does an accounting firm become a Xero Gold partner and what are the benefits?
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Single Touch Payroll from 1 July 2018 – are you ready?
Single Touch Payroll (STP) reporting affects employers with 20 or more employees (known as a substantial employer) and commences 1st July 2018 in accordance with new Australian government legislation. So, what is Single Touch Payroll? How do you prepare for STP? What changes do you have to make? The following should help you better understand Single Touch Payroll reporting and how to get ready for the transition.
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