Prepare for Finalising Single Touch Payroll
payment
  • June 15, 2020

Prepare for Finalising Single Touch Payroll

Prepare now for finalising Single Touch Payroll data. Large employers (with over 20 employees) must complete the finalisation declaration by 14 July. Small employers (with 19 or fewer employees) have until 31 July to complete the finalisation.

Read on to get more information on what is required.

You can contact MB+M on 03 5821 9177 and of our expert accountant help you in the finalisation of STP for this financial year.

Government Cash Flow Boost Credit Process in Xero for April
  • May 28, 2020
Government Cash Flow Boost Credit Process in Xero for April

In this video, Lori Hall Account Advisor/Xero Expert will step you through processing a manual journal to reduce correctly the PAYGW liability on your balance sheet.

Important points to consider that the video addresses.

Do you lodge your PAYG Tax withheld on a monthly basis and have received less than $50,000 from the Cashflow Boost so far?

If so, you will not likely be making a payment for the months of April or May because of the Government’s current Cash Flow Boost.

Without a payment on your bank reconciliation how will you record the credits from the ATO?

READY TO TAKE CONTROL OF YOUR FINANCIAL FUTURE?

Take control today, and rest assured that
your SMSF is in safe hands with MB+M.
Your money, your investment, your decision.

Shepparton

23 Nixon Street, Shepparton, Vic 3630

Numurkah

106-108 Melville Street, Numurkah, Vic 3636

03 5821 9177