This month saw a 3% increase to the national minimum wage and the modern award minimum wages, lifting it to $19.49 per hour. This is slightly below last year’s increase of 3.5%, due to a recent dip in the economy. The 3% increase applies to any employee who gets their pay rate from: the national minimum […]
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Are you thinking of purchasing assets for your business? In a recent move, the government has increased the instant asset write-off from $25,000 to $30,000 for businesses with a turnover of less than $50 million. This means if you purchase an asset (new or second hand) costing less than $30,000 and it is used or […]
On February 12, the government passed legislation that requires even the smallest of employers to electronically file each pay run with the ATO using Single Touch Payroll (STP), starting from 1 July this year. What you need to know If you’re reporting through STP you no longer need to: Provide payment summaries to your employees […]
Did you know that the Australian Tax Office (ATO) is set to focus on small business tax returns this year, in order to crack down on the misreporting of income and expenses? Make sure you know exactly what type of business expenses you can claim by following these three golden rules. The expense must have […]
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Mez has been a valued member of our team at CCBB&P since June 2018. Mez has a Certificate IV in Bookkeeping, and is fantastic at organising books for existing businesses. Do you have messy books? Mez specialises in creating clean slates! Prior to joining the team, Mez worked in the pharmacy, fitness and construction industries. […]
Did you know that the Australian Taxation Office (ATO) has put out some business resolution tips that we concur with? We know that resolutions often quickly go out the window, but at CCBB&P we can help you to actually achieve them with as little effort and time as possible. On the top of the ATO’s […]
Happy New Year and welcome to 2019! We hope you had a chance to rest and enjoy the festive season with your family and friends, and that you are ready for another year. CCBB&P’s plans for 2019 At Central Coast BAS, Bookkeeping and Payroll (CCBB&P) we aim to continue to provide high quality services to […]
The background If you have valuable, skilful staff working on administrative tasks instead of focusing on your business, then your organisation isn’t concentrating efforts in the most efficient ways. The first step to alleviating those tasks is to define them, and here are the most important parts of the process: Conducting and analysing transactions Managing […]
We would like to take this opportunity to wish all our existing and future clients a very happy festive season. We hope you have a chance to rest and recharge, and we wish you a prosperous and happy new year. We look forward to helping you with all of your bookkeeping needs in 2019! Best […]
The Australian Taxation Office (ATO) has introduced single touch payroll requirements. For businesses with ‘20 or more employees’, it became a requirement on 1 July 2018. For businesses with ‘19 or less employees’ it is required ‘from 1 July 2019’. It means that pay, tax, and super information will automatically need to be reported to […]