I’m starting something new in my office. It’s going to be called “Training Tuesdays”. On Training Tuesdays I’m going to dedicate 1 hour to my CPE (continuing professional education) activities. Why am I doing this? Read on to find out why! …
In last week’s blog I shared with you 10 useful tools I use in my bookkeeping business. Today, in part 2 of this blog, I’m going to share 10 more useful tools! Read on to find out what they are (again, not in any order of preference).
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10 more useful tools for bookkeepers Read More »
Just like any good trades person, a bookkeeper will collect and use certain “tools” during his career that generally make his work easier. I have certainly collected a few tools along the way during my 16 years as a bookkeeper, about 20 to be exact! Today I’m going to share 10 of these tools with you and then next week I’ll share the remaining 10 tools in part 2 of this blog.
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10 useful tools for bookkeepers Read More »
Recently one of my clients rang me because her business activity debt was very high and she was panicking because she was unable to pay the debt by the due date. I calmly told her to make a payment arrangement with the ATO so she could pay the debt by instalments. My client told me she had never heard of payment arrangements and wasn’t even aware that this payment option existed. I was surprised by this because I thought it was common knowledge. I wondered how many other business owners out there were oblivious to their tax payment options and decided that the best way to educate them would be via a blog, so here goes!
…Got a tax debt? Make a payment arrangement! Read More »
Recently the Tax Practitioners Board (TPB) (governing body for BAS & Tax Agents) released a special symbol or logo to all BAS and Tax Agents to use on websites and stationery etc. The logo is an official mark that indicates to the public that their BAS or Tax Agent is registered with the TPB and can therefore legally provide BAS and/or Tax services for a fee.
…Looking for a BAS or Tax Agent? Look for the registered agent symbol first!Read More »
Looking for a BAS or Tax Agent? Look for the registered agent symbol first! Read More »
Are you a new employer? Do you need help with getting started? Do you know what your employer obligations involve? Being an employer is a huge responsibility and brings with it added compliance to which you must adhere if you want to get it right. To assist you in this task, we have created the “Employers’ Toolbox”, a simple guide to getting started including all of the resources you will need along the way.
Employers’ Toolbox (free download) Read More »
Following on from our previous blog, “20 jobs your BAS Agent can do for you”, I thought that it would also be good to advise you on the sorts of jobs your BAS Agent can’t do for you. BAS Agents are bound by a strict code of conduct as handed down by the Tax Practitioners Board (TPB) which among other things, forbids them from providing clients with Tax Agent services for a fee. Read on to see a list of these services.
…5 jobs your BAS Agent can’t do for you…… Read More »
If you get your BAS or Tax Agent to lodge forms like the Business Activity Statement (BAS) or Instalment Activity Statement (IAS) and others, you will be aware that you have to provide your written consent before any lodgement can take place. You might not be aware, however, that there are 8 different ways you can give your consent – yes 8!
…8 ways you can give your BAS Agent authority to lodge your BAS (yes, there are 8!)Read More »
8 ways you can give your BAS Agent authority to lodge your BAS (yes, there are 8!) Read More »
BAS Agents are now a very important part of the tax compliance landscape. They have been floating around since 2010 when the first group of agents became registered with the Tax Practitioners Board (TPB) after the passing down of TASA 2009. TASA 2009 is legislation that makes it illegal for anyone to charge a fee for providing tax and BAS Services without first being registered. Unfortunately, who BAS Agents are and what they do, has not been widely publicised by the TPB and as a result, many business owners have either never heard of them or certainly aren’t aware of what they do. Today’s blog, therefore, is about educating business owners about what BAS Agents can do for them in terms of their tax compliance and other related tasks. To this end, I have created a list of 20 tasks BAS Agents can do for business owners, of which perhaps they may not be aware. See below:
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20 jobs your BAS Agent can do for you! Read More »
Employing staff can be a minefield even for the best of us! One of the confusing aspects can be understanding the difference between employment statuses and what each one can mean for your employees. Today’s blog will hopefully shine some light on the topic.
There are four employment statuses to choose from:
Here is an explanation of each employment status:
Full-time employees have been employed on an ongoing basis for an average maximum of 38 ordinary hours per week. They are entitled to:
Part-time employees work less than 38 hours per week but these are usually set hours and/or days. They are entitled to:
Casual employees do not have regular work hours and are not guaranteed to get regular work. They are paid for the hours worked and receive a loading (usually 25% but you must check the relevant award as this can vary) to compensate them for not receiving the same benefits as full or part-time workers. Casuals can be entitled to penalty rates, loadings, and allowances – again check your award for further details. Casuals are entitled to:
Temporary employees are engaged for a specific period of time either via a fixed-term contract or to assist in a particular project which has an end date. These employees are also considered to be temporary if they replace permanent employees who may have taken long service leave, parental leave, or who are injured. Workers engaged via an agency would also be classified as temporary. Temporary employees are eligible for the same entitlements as described above depending on whether they are employed on a full-time, part-time or casual basis.
More information about this topic can be found on the Fairwork website.
I hope you now have a clearer understanding of the difference between the 4 employment statuses than you did before! This is a very basic description of employment statuses. For more specific information related to your industry and employees, please refer to your award.
The difference between full time, part time, casual and temporary employees Read More »