Coming Soon: Single Touch Payroll

Government figures indicate that Australian employers currently spend around $2.5 billion each year to meet their PAYG withholding obligations. To reduce the onerous administrative overhead costs spent on payroll and employee reporting, the Government has introduced Single Touch Payroll (STP) legislation. In a nutshell, STP will require employers to utilise Standard Business Reporting (SBR) enabled…

8 Reasons to switch to cloud accounting

As a small business owner you know that bookkeeping is a necessary evil. When done inefficiently, it saps time and energy from the core revenue-generating functions of your business. If your business hasn’t already adopted cloud accounting technology, then here are 8 compelling reasons to make the switch now.