Don’t lose your tax deduction for your employee or contractor payments. Do lodge your BAS on time and lodge your STP events every time you pay wages and withhold the correct amounts from your payments to employees and subcontractors. Read why.
Single Touch Payroll is mandatory for employers with 20+ staff from 1 July 2018, and will be mandatory for all employers 1 July 2019. Read how to get ready.
Keeping good records critical to business success To help your small business keep good records and avoid mistakes, check out the ATO’s tips, tools and services. Record-keeping tips Keep all business records including income, expenses, bank and other goods and services tax (GST) records for… Read More >>
On 28 Oct 2017, the Australian Lottery and Newsagents Association’s QLD Awards for Excellence awarded OBT client Gatton Plaza Newspower the prestigious title of QLD Retail Newsagency of the Year.
Our hearts go out to business owners at this time of year. Not only is there a lot of prep to be done around the financial year-end this year and every year, but it can be an anxious time for some if they’re only getting… Read More >>
Australian government announced changes to BAS to operate from 1 July 2017. Business Activity Statements (BAS) are being simplified for small businesses and will only require small businesses to report: GST on Sales GST on Purchases Total Sales The effect is to reduce the number… Read More >>
In every industry, there are the experts and there are the cowboys. Bookkeeping is no different. The problem for business owners is that if your bookkeeper is a cowboy, you could end up in hot water. Because bookkeepers live in a world full of deadlines,… Read More >>
As part of the MyGov initiative the Australian Taxation Office is making more services available online. This means that important tax information will be sent to you electronically via MyGov instead of by mail to our office. If you have a MyGov account linked to… Read More >>
Read why tapping into OBT’s financial expertise and business acumen makes good sense.