Hawkesbury Bookkeeping

Affordable Bookkeeping Solutions for your Small Business

Bookkeeping

Is your ABN up-to-date?

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Starting this month, the Australian Business Register (ABR) is contacting random ABN holders across all entity types. If selected, you will be asked to confirm your business information, and discuss:

  • your understanding of how your ABN works
  • what you use your ABN for
  • your entitlement to an ABN (if applicable)
  • your ABN registration experience and how it can be improved.

ABNs will not be cancelled unless requested by you.

Information gathered will be used to measure the data quality of the ABR, and help improve the experience when applying, maintaining and cancelling an ABN.

The ABR is focused on ensuring only the right people get an ABN and that the register can support business and government beyond initial registration.

Information sourced from the ATO Small Business Newsroom

It’s time to move to Single Touch Payroll

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Single Touch Payroll (STP) reporting is here and it’s time to make the move. The ATO guideline is that employers should have transitioned to STP by 30 September 2019.

STP changes the way you report your employees’ tax and super information to us. You now need to report salaries and wages, pay as you go (PAYG) withholding and super information to the ATO each time you pay your employees.

Xero, MYOB and QuickBooks all have STP solutions built into their software so talk to us today about taking the next step to implement the solution that best suits your small business. Alternatively, book a Chat but be quick because 30 September is fast approaching.