RMT Bookkeeping in Adelaide, South Australia | Financial service

RMT Bookkeeping

Locality: Adelaide, South Australia

Phone: +61 422 089 268

Address: Gulfview Heights 5096 Adelaide, SA, Australia

Website: http://www.rmt2bookkeeping.com.au

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25.01.2022 Mai Chen February 23, 2018 Top legal tips for small businesses For small businesses, trying to remain compliant with all relevant legal and regulatory requirements to operate legally can be daunting. Employees need to be paid their minimum entitlements; workplaces must be compliant with health and safety legislation; taxes have to be paid when they fall due; environmental standards should be adhered to; anti-money laundering reporting obligations must be met.This is all jus...t for starters. For small businesses in specialised industry sectors there are additional legal requirements over and above these universal legal obligations. Laws also change, especially when Governments change as has recently happened, so businesses need to continually review the legal landscape to remain compliant. It can be difficult to know where, or who, to turn to. The legal services market has become so fragmented with specialist employment, tax, environment, intellectual property, and public lawyers among others that finding the right lawyer for the job at hand is no easy task. So what can small and medium businesses do to ensure that they are compliant and up-to-date with the law in the most cost-effective way? Seek out free advice ________________________________________ Many Government departments have free newsletters and email alerts which update subscribers on the enactment of new laws, policies and regulations. Tips from MYOB

23.01.2022 Something for us all to think about- please share- Thought for the day. I have heard it said many times that Healthcare workers are making jokes and not taking COVID 19 seriously. I would like to bring 4 facts to your attention. First, to work in Healthcare you must have a sick/dark sense of humour - sorry it’s just a requirement. And if you aren’t one of us, you don’t understand. Secondly, just because we aren’t buying 50 cases of Baked Beans and fighting over the last can o...f Antibac spray or loo roll at our local Shop , it doesn’t mean we aren’t preparing. And most of us don't have the income to stockpile, Actually, we go to work daily not knowing what diseases we may come in contact with..... So, infection prevention and standard precautions are part of our everyday life. Third, when has mass hysteria helped any situation? Maybe we are trained to stay calm, cool, and collected in stressful situations. And last but not the least...while everyone is concerned about travel bans, government enforced quarantines, and being out of school/work for who knows how long, who do you think will still be allowed and required to go to work? You guessed it right..!! Healthcare workers! We will go knowing that we and our families are at risk whilst we take care of yours. So.....Don't panic ...use your common sense ...be mindful of yourself and others...stay safe ... Now go wash your hands with soap and water. See more

19.01.2022 Defining a work day: a landmark Federal Court decision By Jasmine Crittenden 26 August, 2019 ...Continue reading

15.01.2022 Problems with the New ATO Small Business Superannuation Clearing House (SBSCH) There has been a lot of enquiries relating to ongoing problems with the new ATO Small Business Superannuation Clearing House (SBSCH). We have been in contact with the Tax Office who are committed to clearing up BAS Agents issue with the new SBSCH access. If you are experiencing such issues or have any further questions regarding the topic, the Tax Office has requested that you please contact them directly via [email protected] or call 1300 660 048, as they can more directly assist you with any problems you may be facing.

14.01.2022 Penalty Rate Changes Retail Award From 1 October 2019, penalty rates for casuals (other than shift workers) working on Saturdays or weekday evenings increase by 5%. The new rates will be:... 135% for evening work (Monday Friday) 145% for Saturday work. Pharmacy Award a 5%* increase to base pay rates for some employees (introduced in 2 stages of 2.5% each) a new weekly allowance for some employees who are required to carry out Home Medicine Reviews and Residential Medication Management Reviews. >> Read More Penalty Rate Changes <<

14.01.2022 PAYMENT SUMMARY- NOW INCOME STATEMENT Single Touch Payroll (STP) changes how you report your employees' end of financial year (EOFY) information to your employees and the ATO. What you need to know... You no longer need to provide your employees with a payment summary for payments reported through STP. You will have until 31 July to 'finalise' your employees' EOFY payroll information through your STP enabled software for the 2018-19 financial year. You can also finalise this information as soon as it is ready after 30 June. You are no longer required to lodge a payment summary annual report for the amounts reported through STP as long as you complete the finalisation declaration by the finalisation date. What you need to do You need to tell your employees: you will not be providing them with a payment summary their payment summary information will be called an income statement in ATO online in myGov they will need to log into their myGov account, select ATO online services, click on my profile, select my employment and then income statement to access this information if they use a registered agent to lodge their income tax return, their agent will receive their income statement information directly from the ATO if they don't have access or cannot create a myGov account and don't use a registered agent they can call us on 13 28 61 and we'll provide this information to them. If your employees need help creating or logging in to their myGov account and linking to the ATO's online services, they can access helpful information at ato.gov.au/online services RMT Bookkeeping can help - 0422 089 268

14.01.2022 SINGLE TOUCH PAYROLL- is happening- EVERYONE who employs MUST report on line. RMT Bookkeeping can assist you. DO not leave it until 1/7/2019 CAN you all imagine the ATO receiving calls from 80% of employers because you left it until the last minute- UMH a nightmare for ALL- visit my webpage and contact us for assistance. http://www.rmt2bookkeeping.com.au/

12.01.2022 Watch for scammers Beware of ATO Scammers New Trends in ATO Scams The ATO has noticed an alarming new trend in scam activity involving scammers impersonating TAX and BAS agents. This new scam is effective because clients are trusting of their representatives, so you need to encourage your clients to take care.... In a twist on the ‘fake tax debt’ scam, we have received increasing reports of a new scam method where scammers impersonate registered agents to lend legitimacy to their phone call. The fraudsters do this by: coercing the victim into revealing their agent's name initiating a three-way phone conversation between the scammer, the victim, and another scammer impersonating the victim's registered agent or someone from the agent's practice. Victims have fallen for this new approach. In one recent example, a victim withdrew thousands of dollars in cash and deposited it into a Bitcoin ATM, fearing police had a warrant out for their arrest. The phone conversation with the scammers appeared legitimate, and the victim trusted the advice of the scammer ‘tax agent’. What You Can Do Help protect your reputation, your clients' information and their money from these scammers. Let your clients know we will never: demand immediate payments threaten them with arrest request payment by unusual means such as iTunes vouchers, store gift cards or Bitcoin cryptocurrency. If your client is suspicious about a phone call from someone claiming to be us, the ATO recommends they disconnect and call 1800 008 540 to verify the call. Alternatively, your client can hang up the call and contact you directly to confirm the status of their tax affairs. The ATO have already shared information about the scam through the media, including television, radio and social media. To spread the warning message to your clients, you may consider sharing the ATO and ICB social media posts with your clients. See more

11.01.2022 Single Touch Payroll The ATO want to reassure small business and give their guarantee that their approach to extending Single Touch Payroll will be flexible, reasonable and pragmatic. The ATO will offer micro employers (1 to 4 employees) help to transition to STP and a number of alternative options such as allowing those who rely on a registered tax or BAS agent to report quarterly for the first two years. To find out what you need to do to update your software and start re...porting, please call us. If you need assistance contact RMT Bookkeeping- we can help with your transition to STP

09.01.2022 RMT Bookkeeping aims for continual improvement, our philosophy is simple- with a passion for what we do we aim to create a relaxed atmosphere whilst providing a timely and efficient service. call 0422 089 268 for all bookkeeping, payroll, and BAS service.

03.01.2022 Most people who don't work in payroll have no idea of the complexities that are involved, and the depth and breadth of knowledge that is required, Employers are starting to specifically request payroll qualifications as part of their recruitment process. This is a trend likely to continue into the future. Australian Payroll Association can help

02.01.2022 Why companies get caught in underpayment scandals https://www.rmt2bookkeeping.com.au//why-companies-get-cau/