From Christmas cash bonuses to overtime payments, many employers make extra payments to their employees at the end of the year. As an employer, you should be aware of how these payments arerequired to be reported to the Australian Taxation … Read More
Payroll
Understanding the ATO’s New Approach to Unpaid Tax and Superannuation
Understanding the ATO’s New Approach to Unpaid Tax and Super In recent months, the Australian Taxation Office (ATO) has made significant changes to how it handles unpaid tax and superannuation. This shift primarily targets businesses that refuse to engage with … Read More
New Migration Regulations – what you need to know.
New Migration Regulations: What Small Business Owners Need to Know Australia’s new Migration Amendment (Work-Related Visa Conditions) Regulations 2024 are shaking up the immigration landscape. These changes are important for small business owners as they impact both employers and the … Read More
DIY Bookkeeping and Accounting? The 5 big challenges
When you’re starting out as a small business owner, the temptation is to go DIY with your accounting. Hiring a professional accountant or tax adviser costs money and that’s an overhead that you can remove by doing all the financial … Read More
Super Guarantee Rate Rises in July to 11%
In July 2023, the superannuation guarantee statutory rate will rise to 11%. Annually, the rate is increasing by 0.5% until July 2025 when it will reach the legislated 12%. Prepare Now for the July Rate Rise Review your current superannuation … Read More
Offering Salary Incentives to Staff
Are you thinking about offering incentives to staff in the form of salary packages? Sometimes the terms ‘salary sacrifice’ and ‘salary packaging’ are used interchangeably, but there are differences between the two. A salary sacrifice is when the employee chooses … Read More
Xero Bookkeeper Canberra ACT
Ascend Solutions provides your Canberra business with peace of mind, knowing that your Xero Bookkeeping is taken care by Certified and Professional Xero Bookkeepers. Your Canberra Xero Bookkeeper is certified in the latest updates and Xero best-practice Our team of … Read More
Franchise Accounting Canberra
Did you know that there are now more than 30,000 private sector businesses now operating in the nation’s capital, Canberra, and employs nearly 2/3 of Canberra’s workforce? This figure has risen by 800 new firms throughout 2021, despite the impact … Read More
Management Accountant Canberra ACT
A Management Accountant adds a significant amount of expertise to your business, and requires a special set of skills and formal educational requirements, including a minimum of a Bachelor’s Degree and Professional Designations (eg: CPA Australia, CAANZ, Certified Management Accountant, … Read More
Bookkeeping Services Canberra, Doing Business in Canberra
Australia’s Capital City has a unique business environment Canberra is an idyllic cool-climate city, ideally situated between Sydney and Melbourne and presents as a unique gateway between government operations and private enterprise. Its location also provides for convenient warehousing and … Read More