Since Single Touch Payroll reporting became mandatory, it’s been unclear exactly how much wiggle room is available for very small businesses, seasonal operators and closely held payees – until now.
Hiring an independent contractor may be an effective way to get more work done without onboarding a new, full-time resource, but there are a few things small business owners should be aware of before taking the plunge, writes Kellie Byrnes.
It’s a common question that business owners grapple with but figuring out how and when to start paying yourself is a challenge that many struggle to answer, writes Ailsa Page.
With the Single Touch Payroll deadline for small businesses just around the corner, the ATO has warned many operators remain non-compliant and that could mean a logistical nightmare if left too long.
Single Touch Payroll is one of the biggest changes since GST. As such, it also offers many opportunities for accounting practice owners and their SME business clients alike, writes Amanda Gascoigne.
Running a small business often means working with small margins. In turn, smaller margins require keeping a diligent eye on company expenses and effectively cutting costs when needed.
Amanda Gascoigne explains how to play your Single Touch Payroll cards right when it comes to SME clients with outstanding superannuation guarantee (SG) contributions.
With the Australian Federal Election just around the corner, opposition leader Bill Shorten has made it clear he intends to increase the minimum wage in Australia – something that will likely impact SMEs around the country.