Entries by Salisbury Accountants & Business Advisors

Missed the STP deadline?

If you missed the 30 September Single Touch Payroll reporting date, it’s not too late!

Make the move to STP and get started by following one of three pathways:

Start reporting now

If you already use accounting or payroll software, you need to check whether it offers STP reporting. If it does, you need to […]

Superannuation Guarantee amnesty reintroduced

Proposed Superannuation Guarantee amnesty

Under existing law, if you’ve missed a payment or haven’t paid an employee’s super on time, you are required to lodge a Super guarantee charge (SGC) statement and pay the super guarantee (SG) charge on any SG shortfall amounts.

The SG charge includes a liability for the mandatory administration component of […]

A Strategic Look at the People Numbers

Honey Anyone?

Whether or not you like honey, you probably know that honey bees live in large well-organised groups.

As social (versus solitary) insects, they engage in complex tasks like delegating their workload, communicating clearly, building a nest, keeping a (compound) eye on environmental changes, collecting food, rearing the brood and defending against invading forces.

[…]

Selling Your Business

It May Not Be For You… But Keep Your Options Open

Selling your business might be far from your mind right now. Perhaps you just started and/or it’s going fabulously well. Don’t fix something that’s not broken, right?

But the changing business landscape requires that we think ahead not just six months or one year, […]

STP deadline now passed

STP deadline passes with an embarrassingly small percentage already compliant

The ATO has issued a reminder that the single touch payroll (STP) mandatory adoption deadline has passed.

While the initial deadline was 1 July 2019, the ATO provided a three month transition period for employers that needed more time.

This 30 September deadline has now […]

Management Buyout

What Is It and Does It Suit Your Business?

Business owners (especially those who are operationally involved) try to ensure managers’ goals are aligned with their own.

If they are aligned, the prospects for the business are much more attractive because everyone is pulling in the same direction. Ideally, everyone should have ‘skin in the […]