Build your financial security with OBT Financial Group – Lockyer Valley Business of the Year recipients and specialist financial advisers to individuals, business owners and farming families on accounting, tax, business advice and wealth planning for over 40 years.
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.
Transition to Single Touch Payroll for small employers
Statement from Tax Commissioner Chris Jordan about transition to Single Touch Payroll for small employers Parliament has now passed legislation to extend Single Touch Payroll (STP) reporting to include all small employers (those with fewer than 20 employees) from 1 July 2019. STP is pay day reporting… Read More >>
Single Touch Payroll for all employers
From 29 Jan the ATO will write to small employers with <19 employees that already use payroll software. You will be told about Single Touch Payroll (STP), and reminded that you don’t need to wait for legislation to pass to start reporting through STP. If… Read More >>
Single Touch Payroll
Single touch payroll will change the way businesses report salary/wages, PAYG and superannuation information to the tax office. So what is single touch payroll and how big is the change? We explain the main points.
OBT Accountant Annette Noonan
From the moment she finished high school, Annette stepped straight into accounting. Annette has held a range of roles, from working in the QLD Treasury and Minister’s Office accounts departments, to being an Accounts Manager in private enterprise, but it was being in public practice… Read More >>
Single Touch Payroll
It’s time to get ready for Single Touch Payroll From 1 July 2018, if you have 20 or more employees, you’ll need to use Single Touch Payroll-enabled software to report your tax and super information to the ATO. You’ll need to report the following on… Read More >>
Changes to Road Transport (Long Distance Ops) Award
Fair Work Commission introduced part-time employment conditions to Road Transport (Long Distance) Award. Employees can now be employed on a part-time basis from the first full pay period on or after 28 February 2018. Before this change, employees could only be employed as full-time or… Read More >>
Single Touch Payroll starts 1 July 2018
The ATO is changing the way employers report their tax and super You may need to use Single Touch Payroll from 1 July 2018. You’ll now be able to report this information to the ATO directly from your payroll solution. If you have 20 or more employees,… Read More >>
Minimum wages will increase 3.3%
Get set for a 3.3% increase to base rates of pay The Fair Work Commission has announced a 3.3% increase to minimum wages following its 2017 Annual Wage Review. The increase will apply to base rates of pay from the first full pay period starting on… Read More >>
Stepping off the ark and into the cloud with MYOB and OBT
Suzanne and Peter re-cast their business processes with up-to-date accounting technology – the cloud – and OBT to get organised. They took a leap of faith and have come out all the better for it.
