
Our services
Learn more about our comprehensive bookkeeping, payroll, and compliance services.
Xero bookkeeping
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Building a solid foundation for effective Xero bookkeeping starts with reconciling your bank and credit card accounts. Our team makes reconciliation a breeze, accurately recording all your business transactions regularly.
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We can optimise your accounts payable workflow by managing your email inbox, communicating effectively with suppliers, reconciling statements, and efficiently processing bills into Xero. Our approach ensures you have a current and precise snapshot of your payables. We can also prepare payment files allowing for quick and easy payment of multiple bills at once
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We’ll manage your accounts receivables with precision—handling customer payment allocation and adeptly overseeing debtor management. Additionally, our expertise includes providing support for integration of software that you may be using to invoice your customers outside of Xero.
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We assist our clients in fulfilling their record-keeping obligations by offering a seamless method to capture receipts while on the move. We attach your receipts with the corresponding transactions in Xero and securely store the digital copies.
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We have the capability to handle supplier and customer account inquiries directly by accessing your accounts email inbox. Invoices from your suppliers are promptly entered into Xero, and statements are reconciled to ensure comprehensive and accurate accounts.
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Our "Rescue Bookkeeping" service is designed specifically for businesses facing financial disarray or a significant backlog of bookkeeping tasks. It's not uncommon for businesses to have months or even years of outstanding compliance, including BAS and tax returns.
We can bring your business up to date, ensuring timely compliance, and setting the stage for moving forward with confidence in your financial operations.
Payroll
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We understand that processing payroll is not just about financial transactions; it's about ensuring the heart of your business—your employees—are compensated accurately and on time. Our comprehensive payroll services offer you a hassle-free solution.
Precise and Timely Payments
Processing payroll involves the calculation and timely disbursement of your employees' wages. Our experienced team ensures that each pay run accurately reflects hours worked, overtime, bonuses, and any additional allowances or benefits as advised by you.
Leave Management
Navigating annual leave, personal/carer's leave, and long service leave can be complex. With our payroll services, you can trust us to accurately track and manage leave entitlements. We ensure that your employees' leave balances are up-to-date, eliminating confusion and ensuring compliance with relevant regulations.
Superannuation Contributions
Calculating and managing superannuation contributions is a critical aspect of payroll. Our team is well-versed in the intricacies of superannuation, staying updated with changing rates and ensuring that contributions are calculated correctly. We handle the entire process, from deductions to payments.
Leveraging Technology
Our payroll services leverage cutting-edge software to automate calculations, reducing the risk of manual errors. This not only enhances efficiency but also provides a secure and centralised platform for managing employee records and payroll data.
Choosing us for payroll processing means entrusting your payroll responsibilities to a team dedicated to accuracy and compliance. With our expertise, you can focus on growing your business while we handle the complexities of payroll management.
Note that we do not determine award rates for your employees or provide advice on the correct employment status of your employees. It is your responsibility to ensure that your employees are paid correctly and we recommend obtaining advice from specialised employment relations experts.
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Employee entitlements in Australia cover various aspects crucial for well-being and work-life balance.
Annual Leave: Full-time employees are entitled to four weeks of annual leave per year. This accrues progressively during the year based on the number of ordinary hours worked.
Personal/Carer's Leave: This includes both personal leave and carer's leave. Full-time employees are entitled to 10 days of paid personal/carer's leave each year. This leave can be used for personal illness or to provide care or support to a family member who is ill or requires care.
Allowances: Depending on the industry and specific job roles, employees may be entitled to various allowances, such as travel allowances, meal allowances, or uniform allowances. These allowances aim to compensate employees for specific work-related expenses.
Long Service Leave: This is an additional leave entitlement that accrues over an extended period of service with the same employer. The amount of leave and the qualifying period can vary by state and territory.
Our services include accurate calculation and management of employee entitlements, ensuring compliance with current regulations and any upcoming changes.
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Superannuation in Australia is a mandatory savings system designed to provide financial security for retirees. Employers are required to contribute a percentage of their employees' earnings into a superannuation fund.
Starting July 1, 2021, the superannuation guarantee rate increased from 9.5% to 10%. Additionally, there are plans for gradual increases in the super guarantee rate over the next few years. It is scheduled to reach 12% by July 1, 2025. This phased increase is intended to enhance retirement savings for employees.
Our services encompass accurate superannuation calculations, facilitating contributions, and staying abreast of legislative changes to guarantee adherence to current and upcoming regulations.
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Single Touch Payroll (STP) is a mandatory reporting system in Australia that requires employers to report their employees' payroll information to the Australian Taxation Office (ATO) each time they run the payroll. This real-time reporting provides the ATO with up-to-date information on salaries, wages, PAYG withholding, and superannuation contributions.
STP implementation commenced on July 1, 2018, for employers with 20 or more employees and on July 1, 2019, for those with 19 or fewer employees, becoming a mandatory obligation.
Starting January 1, 2022, the scope of data collected under STP expanded, known as STP Phase 2, encompassing additional payroll information.
All employers are now required to engage in STP reporting and transition to STP Phase 2 reporting, unless they are covered by a deferral or exemption.
For new employers, immediate STP Phase 2 reporting is essential as soon as payroll activities commence to prevent potential penalties.
Our service assists employers with meeting STP requirements through the use of STP-enabled software such a Xero.
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Payroll Tax is a state-based tax in Australia that some businesses are required to pay.
Each state and territory has its own threshold, and if your total Australian wages exceed this threshold, you are obligated to register for and pay payroll tax.
Our service involves establishing liability for payroll tax as well as calculating and lodging payroll tax returns to ensure compliance with state-specific thresholds and regulations.
Compliance
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The Taxable Payments Annual Report (TPAR) is a crucial requirement for certain businesses. If your business operates in the building and construction industry, cleaning, courier services, information technology, security, investigation, or surveillance, you may be obligated to submit a TPAR. This report details payments made to contractors during the financial year.
We prepare and submit accurate TPARs, relieving you of what can be a burdensome task. The due date for lodging TPARs is typically August 28th each year.
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The Business Activity Statement (BAS) is a fundamental requirement for businesses in Australia. If your business is registered for the Goods and Services Tax (GST), you are generally obligated to submit a BAS.
Our service includes the preparation and submission of accurate BAS reports, ensuring compliance with the Australian Taxation Office (ATO) regulations.
Quarterly BAS lodgements typically have due dates at the end of the month following the end of the quarter (e.g., April 28th, July 28th). For businesses opting for monthly reporting, the deadline is usually the 21st day of the following month.
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The Instalment Activity Statement (IAS) is a requirement for businesses in Australia that are part of the Pay As You Go (PAYG) instalment system.
The reporting frequency for IAS can vary, with some businesses required to lodge quarterly, while others may have a monthly obligation.
Our service covers the accurate preparation and timely submission of IAS reports, ensuring compliance with the Australian Taxation Office (ATO) requirements.
Quarterly IAS lodgements typically have due dates at the end of the month following the end of the quarter (e.g., April 28th, July 28th), while monthly IAS lodgements are generally due on the 21st day of the following month.
Training & Setup
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We provide a streamlined service for setting up Xero accounting software or converting your business's existing data to Xero. Our team ensures a smooth transition by configuring Xero to meet your specific business needs.
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Our tailored Xero training services are designed to empower Australian businesses with the knowledge and skills needed to get the most out of Xero.
We offer comprehensive training solutions that cater to the unique needs of your business. Whether you prefer hands-on learning with onsite training or the flexibility of online sessions.
Get in touch to discuss how we can help.