bookkeeping - Townshend & Associates

Get ready for Single Touch Payroll 19 employees or less

November 7, 2018 | BAS/ Bookkeeping, Payroll

Call us to discuss how we can assist you in navigating the new payroll requirements From the ATO Find out how your payroll software provider will offer STP reporting – this may be through an update to your existing software, or an additional service. Also remember to: check if they have a deferred start date […]

Small Business Superannuation Clearing House (SBSCH)

October 23, 2018 | BAS/ Bookkeeping, Superannuation

ATO: Common GST mistakes

October 5, 2018 | Accounting, BAS/ Bookkeeping

From the ATO: When reporting GST: make sure the timing is correct, and report for the correct tax period check the figures to avoid accidental miscalculations and simple transcription errors ensure your clients can substantiate their claims for GST credits check there is a creditable purpose, so your clients do not claim GST for goods […]

Bitcoin, cryptos and your taxes

August 15, 2018 | Budget, Financial planning, Individual tax, SMSF

The central premise to be “outside of the central banking monetary system” and the “way of the future”. If you own or are thinking to own cryptocurrencies, you should not be confused with that those that disagree with Bitcoin being money and those people not understanding it. They do, especially the Australian Taxation Office (ATO) […]

November deadline: Trading names to be retired

July 6, 2018 | Accounting, Budget, Business Advisory, Individual tax

An excerpt from ASIC. If you require assistance with this matter please contact the office. “From November 2018, trading names will be removed from the ABN Lookup. The ABN Lookup contains a list of all Australian Business Numbers (ABNs) and any associated business names. If you want to trade under a specific name, you’ll need to […]