Highly Accountable BAS Services & Bookkeeping | Businesses

Highly Accountable BAS Services & Bookkeeping

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22.01.2022 Einvoicing. The real explanation A role of the Commissioner is as registrar of the Aust Business Register (ABNs). As we know the ABR is the centralized regis...ter of businesses. Einvoicing is a digital exchange of the invoice. Instead of PDFs. The ato/commissioner has been part of an industry led stakeholder forum (the digital business council) that includes software, business, associations and government). The einvoicing framework includes the technical infrastructure (AUSTRALIA has now encompassed the world wide PEPPOL system, customized for Australia) and standards also designed by Australian stakeholders and aligned to the international standard. An einvoice is created in your software as you do now and sent direct to the customer as you do now but it is sent as an encrypted digital file instead of as a PDF or that thing called paper. The government (ato) bit is as administrator of the digital address directory. It makes sense that digital addresses be stored with the business directory (ABN). Note Invoices do not get seen by government as a result of einvoicing. Your software looks up the directory to find what digital address to send the einvoice. When you receive an einvoice your software should decrypt it and then but it in an intray for approval before it goes into the accounts payable etc. What changes? Faster invoicing, better data, automated. What should not change? Invoice still has to be created, approved by sender and receiver. Data still has to be checked. Payment still has to be paid. ICB is happy to provide further clarification of what einvoicing actually is. We note. Einvoicing is just a standard centralized digital system of swapping an invoice. We have so many different forms of this already in play but this hopefully standardized it.

20.01.2022 TPAR DUE WEDNESDAY Have you started your report yet? If you're not sure what you're doing or need a hand, give me a call!

14.01.2022 HAPPY FRIDAY! Meet Lady Rose`s new friend! This little girl came to us because her mum was being chased and she fell out of her pouch. Luckily for her, someone witnessed this and was able to rescue her. Do you need rescuing from your books? Send me a message, I can help!

13.01.2022 Can Highly Accountable do my taxes? I get asked this question a lot. I'm not a Tax Agent or an accountant. However, I connect with your accountant throughout the year to ensure your books are accurately updated. Before handing over your file to your Tax Agent, I will conduct my End of Year Review and provide you and your accountant with essential reports. This keeps you up to date + saves the accountant time = YOU SAVE MONEY

12.01.2022 My services are tailored to your business needs and are designed with a long-term approach. I provide a full range of bookkeeping, BAS and administration services at a price that won't break your budget. Feel confident you're meeting your reporting obligations with a fully qualified BAS agent

10.01.2022 OOPS!! Have you missed the deadline for submitting your monthly Instalment Activity Statement? It was due yesterday! Don't stress, send me a message, I can help

09.01.2022 SCAM ALERT We’ve seen an increase in scam text messages (SMS) offering fake tax refunds. Stay safe by not clicking on any links directing you to log on, eve...n if it seems legit. Make sure you warn your family and friends and visit our scam alerts page to learn more: www.ato.gov.au//Online-servi/Identity-security/Scam-alerts

04.01.2022 Happy Friday everyone, don't forget to laugh today!

04.01.2022 Deadline for STP is fast approaching! If you need help, message me today

03.01.2022 Doing your bookkeeping? That's great! Want the security of knowing it's being done right & your ATO compliant? Give me a call.

02.01.2022 JobKeeper Payments - Stimulus Packages - Cashflow Boosting..... What does it all mean to YOU? How is it going to help YOUR business? If you're feeling overwhelmed by it all, send me a message and we can navigate through this together.