As Global Bookkeeping Week comes to an end for 2019, we take a look at some of the trends that will be shaping the profession in 2020 and beyond.
With the advent of Single Touch Payroll (STP), a new era of payroll compliance has begun. Luckily, the technology exists to make staying compliant a breeze for enterprise-level businesses.
Modern technologies are meant to make life simpler, but Australia’s small business owners are yet to see the benefits of automation. Is there a solution?
Since Single Touch Payroll reporting became mandatory, it’s been unclear exactly how much wiggle room is available for very small businesses, seasonal operators and closely held payees – until now.
With the Single Touch Payroll deadline for small businesses just around the corner, the ATO has warned many operators remain non-compliant and that could mean a logistical nightmare if left too long.
If you run a business that makes payments to contractors, you’ll want to stay ahead of changes to the Taxable Payments Reporting System (TPRS) no matter what industry you’re in.
Some payroll vendors received an STP deferral in 2018, but those deferrals expire soon. Now’s your last chance to make sure you and your vendor is up to speed.
Human resources tends to be associated with larger companies, but HR for small business is just as important as it is for the big end of town.
For small businesses, trying to remain compliant with all relevant legal and regulatory requirements to operate legally can be daunting.