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Category: Super

Rising super costs and ensuring compliance.

The new financial year, starting July 1st, 2024, brings a change for Australian businesses with employees. There’s a mandatory increase in the Superannuation Guarantee (SG) contribution you make for your employees. This means you’ll be contributing a larger portion of their salary towards their retirement savings. If you’re running a business, you must understand these […]

Checking in for EOFY

Where has the year gone? It seems like we were dealing with Christmas only yesterday, and here it is, June already. If you’re a small business owner (or any sized business owner, really), you’ll know that EOFY is looming and that you’ll need to start preparing for tax time. With the list of things that […]

Stapled Super

New rules on super payments Taking on a new worker is always an exciting time for employers and employees. For the employer, it reflects business growth and planning, while for the employee, it’s an opportunity for a fresh start in a new role with new responsibilities. However, there are things to be aware of as […]

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We worked with an accountant to help their importer client.

Problem
An accountant introduced us to a new importer client of his. He was 12-months behind in both his bookkeeping and compliance (unlodged BAS). The client’s previous bookkeeper hadn’t picked up the GST component on import customs and the file needed a lot of extra work to bring it up to scratch.
Outcome
Streamline accounting procedures so that the client can provide information and paperwork. We’ve also connected add-ons to Xero to assist the process. Provide end-to-end bookkeeping, payroll, accounts payable, accounts receivable, monthly reports, manage multi-currency accounts and import of stock, BAS lodgement, STP, super, and more. Liaise with accountant to help client stay on track and ensure file is current for monthly advisory sessions between client and accountant.
Solution
The client is now back on track and his bookkeeping compliance is up to date. They are managing growth and cashflow, building their business, and they don’t have to worry that they’re behind anymore. The accountant doesn’t need to worry either because he knows everything is in place so that he can concentrate on planning and the business advisory that he wants to do.
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