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Single Touch Payroll Phase 2

Changes to Single Touch Payroll

Employers required to report additional payroll information once your payroll software is ready

Additional information to report as part of Single Touch Payroll (STP) Phase 2 will include:

amounts paid to staff — instead of reporting a single gross amount, you’ll separately show items such as overtime, paid leave, and […]

There’s beauty in the simplicity of running your own business, if you have the right start

Slides Coffee Bar is the hottest spot to grab a brew or a bite when you’re wintering in Falls Creek

With a mouth-watering array of delectable local and homemade fare plus warm, friendly service, Slides has become the go-to for families and the après ski crowd.

Slides founder, owner and perennial skier Jules Mitas has […]

Getting started with e-Invoicing

Understanding e-Invoicing

Small businesses can now exchange invoices with trading partners through e-invoicing software.

e-Invoicing is a government-supported cloud-based innovation designed to help small businesses streamline their accounting work and get paid faster.

What is e-invoicing?

Currently, most businesses create an invoice and send the PDF via email, or use a word processor like Microsoft […]

Xero’s STP Phase 2 roll out

Everything to know (and do) for the final stage of Xero’s STP Phase 2 rollout

By now, Xero users are likely familiar with Xero’s approach to getting payroll data ready for Single Touch Payroll Phase 2.

This will see Xero businesses build on their existing STP reporting to share more information with the ATO and […]

eCommerce: Lowering traditional barriers and inspiring entrepreneurialism

eCommerce is lowering traditional barriers to entry for small businesses

Xero study says eCommerce is creating a new generation of profitable niche operations.

Xero surveyed 171 accountants and bookkeepers – with a collective clientele of about 6,000 small businesses – to learn how eCommerce was changing business ownership.

To participate in the study, advisors had […]

EOFY and the tax time countdown

End of financial year calendar and the countdown to tax time — FY22

A lot of things need to happen between the end of financial year (EOFY) and tax time. Here are the dates and deadlines to keep in mind when getting tax ready.

Key dates in June

30 […]

Single Touch Payroll changes 2022

There have been changes to Single Touch Payroll (STP)

Employers are required to report additional payroll information now or once your payroll product is ready.

You need to start reporting additional information on or before each pay day — this is known as STP Phase 2.

STP Phase 2 started on 1 January 2022

Some […]

Business sustainability

Is sustainability good for business?

According to a study commissioned by Xero, 68% of small businesses want to improve their sustainability practices.

But, the question is: How is sustainability specifically good for business?

What does sustainability in business mean?

Harvard Business Review defines sustainable business practises as those that:

at a minimum, do […]

Small business struggling to go green?

How digital tools can help your carbon footprint

With COP26 behind us, did we make any progress in the small business community?

We all have a role to play and, while small businesses may be facing many challenges on the home front – from Brexit fallout to Covid recovery and more – there are still […]

Managing business cash flow and income

Managing small business cash flow and income in 2022

It’s been a lean time for small businesses, and especially the families supporting them.

Xero’s small business trends report shows that 60% of small business owners are worried about their household finances running low.

So while 2022 will hopefully be a year of rebounding sales […]