Ethos Accounts Pty Ltd in Willagee, Western Australia | Business service

Ethos Accounts Pty Ltd

Locality: Willagee, Western Australia

Phone: +61 8 9337 4129

Address: Unit 1/9 Archibald Street 6156 Willagee, WA, Australia

Website: http://www.ethosaccounts.com.au

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24.01.2022 ! S.T.P. - SINGLE TOUCH PAYROLL //: Employee payroll information. When it comes to employee payroll it is a good idea to follow ATO compliance, especially when it comes to reporting and record keeping etc. Also dont forget to be STP (single touch payroll) compliant. ... When hiring people, it is a good thing to do the following general basics on top of being well organised with payroll: 1. Have records/ personal info regarding the new employee - providing the employee with a small start up pack containing: A new employee data form for personal details Tax file number form (TFN form) Time sheet form for daily hours worked - if applicable NES (National Employment Standards) form from fairwork commission if applicable. Engagement letter or employment agreement - if applicable Keep all the above info in a manila folder for each employee so that it is readily available when needed 2. Now that we have to comply with STP, it is a good idea for those that produce employee payroll manually to purchase an accounting software program that will handle STP 3. Make sure that you are following the correct pay award schedules that applies to your business according to fair work commission or Wageline, whichever is applicable. For those that are starting a new business or for those that will be hiring people for existing businesses, it is wise to take payroll seriously and comply as required Next month I will be explaining the differences between what is an employee and what is a contractor for employment purposes Please contact us here at Ethos Accounts for further information or to help you set up a payroll system for your business //: Parliament has now passed legislation to extend Single Touch Payroll (STP) reporting to include all small employers (those with fewer than 20 employees) from 1 July 2019. STP is pay day reporting by employers to the ATO as it happens, this reporting having started on 1 July 2018 for large employers (20 or more employees): Small employers can start reporting any time from the 1 July start date to 30 September 2019. ATO will grant deferrals to any small employer who requests additional time to start STP reporting. There will be no penalties for mistakes, missed or late reports for the first year.

23.01.2022 Need Help Deciding Whether Workers are Employees or Contractors, please contact us on (08) 9337 4129 for assistance.

21.01.2022 Will you be one of many "Burning the Midnight Oil" tonight? Need more time to lodge your BAS....get in contact with the staff at Ethos so you can enjoy your evenings.

16.01.2022 Bookkeeper - Booragoon - Western Australia

16.01.2022 ' ! S.T.P. - SINGLE TOUCH PAYROLL //: Employee payroll information. When it comes to employee payroll it is a good idea to follow ATO compliance, especially when it comes to reporting and record keeping etc. Also don't forget to be STP (single touch payroll) compliant. ... When hiring people, it is a good thing to do the following general basics on top of being well organised with payroll: 1. Have records/ personal info regarding the new employee - providing the employee with a small start up pack containing: A new employee data form for personal details Tax file number form (TFN form) Time sheet form for daily hours worked - if applicable NES (National Employment Standards) form from fairwork commission if applicable. Engagement letter or employment agreement - if applicable Keep all the above info in a manila folder for each employee so that it is readily available when needed 2. Now that we have to comply with STP, it is a good idea for those that produce employee payroll manually to purchase an accounting software program that will handle STP 3. Make sure that you are following the correct pay award schedules that applies to your business according to fair work commission or Wageline, whichever is applicable. For those that are starting a new business or for those that will be hiring people for existing businesses, it is wise to take payroll seriously and comply as required Next month I will be explaining the differences between what is an employee and what is a contractor for employment purposes Please contact us here at Ethos Accounts for further information or to help you set up a payroll system for your business //: Parliament has now passed legislation to extend Single Touch Payroll (STP) reporting to include all small employers (those with fewer than 20 employees) from 1 July 2019. STP is pay day reporting by employers to the ATO as it happens, this reporting having started on 1 July 2018 for large employers (20 or more employees): Small employers can start reporting any time from the 1 July start date to 30 September 2019. ATO will grant deferrals to any small employer who requests additional time to start STP reporting. There will be no penalties for mistakes, missed or late reports for the first year.

13.01.2022 Ethos Accounts Pty Ltd is a Registered BAS Agent. As BAS agents we make sure that you are receiving the quality of service that you deserve. Here at Ethos, we are fully registered and have over 25 years of experience. Please contact us for a free one consultation.

11.01.2022 JobKeeper can help transform your business if you know how to fully utilise it. Learn how to do this with our advice package.

09.01.2022 We are fast approaching the preparation and Lodgement of the 3rd quarters BAS. Are you ready? Have your business record keeping obligations been met? No Time. Do not Worry. Let Ethos help you with your business needs and requirements. Contact us for a free one hour consultation.

08.01.2022 HAVE YOU BEEN ATO COMPLIANT The law states that every business making a payment must check the validity of their suppliers. Some of the things to look out for are: 1. Suppliers have provided an ABN and that it is a valid ABN and it belongs to them. 2. Check that the supplier is allowed to charge GST.... 3. You must obtain a valid tax invoice from suppliers. If your supplier used an invalid ABN or is not registered for GST but they have charged it, and you pay it to that supplier then the ATO position, based on the law, is that you are not allowed to claim back that GST from the ATO. There are increasing reports of the ATO conducting reviews of businesses in the areas of supplier registration and validity of GST claims. Therefore, the business owner needs to understand that these are matters that should not be ignored and will be reviewed in an audit, with potential penalties applied by the ATO if GST is incorrectly claimed when the business owner knew it shouldnt have been claimed. Too hard? Do not worry. Contact us for a free one hour consultation and let us help you with your finances so you can concentrate on what is more important.

06.01.2022 6 Tips for Successfully Starting a Business: 1. Ensure you get your tax and compliance obligations right from the start. 2. Ensure you have a Business Bank Acco...unt, this will help record your income and expenses. 3. Dont fall behind, allocate time each week to your books. 4. Record Keeping - keep all your receipts, invoices, bank statements etc...remember you will need to store these for 5 years. 5. Get the right software - ensure you get the right software that caters to your business but can also grow with your business. 6. Choose the right Bookkeeper - our services are tax deductible and allows you to focus on growing your business.