Chesterton Accounting

You take the credit, I process the debit


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EOFY ready

Posted on 30 May, 2018 at 0:15 Comments comments (0)

Is your business ready for EOFY (end of financial year) ? Xero accounting software has a number of video series, articles and checklists to ensure that you have your financial information and data EOFY ready for your tax agent. Please follow this link:

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Superannuation Guarantee Amnesty

Posted on 27 May, 2018 at 19:20 Comments comments (0)

The Government has announced from the 24th of May 2018, a 1 year Superannuation Guarantee Amnesty. This is a rare opportunity for employers to pay their overdue super liabilities without paying the ATO penalty and receiving a tax deduction for the payment. If employers with outstanding payments do not comply in the 1 year period, there will be harsher penalties. Please see the below link for more information.

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Everlance Mileage Tracker Application

Posted on 19 March, 2018 at 2:15 Comments comments (0)

Do you want to claim more for business related car trips but hate the hassle of writing in a logbook ? Everlance is an android friendly application which can calculate the kilometres you drive for business trips. It also has automatic kilometre detection which can record kilometres for you without you having to do anything. Please see the below link for more information. ;


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The Notifiable Data Breaches Scheme

Posted on 7 March, 2018 at 17:55 Comments comments (0)

The Office of the Australian Information Commissioner (OAIC) has set out new privacy laws from the 22nd of February 2018 which could impact you. The Notifiable Data Breaches Scheme is a new process that must be followed if a data breach occurs. TFN recipients are one of the entities that are covered by the Privacy Act and therefore must comply with this scheme. So if you have employees in your business then you are a TFN recipient as you would hold that personal information of your employees....

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Xero Advisor Directory

Posted on 1 February, 2018 at 18:05 Comments comments (0)

Do you need a certified Xero advisor to help you with your bookkeeping or assist you with your Xero account ? Xero advisor listing can direct you to a bookkeeper/accountant in your location. Please see below for my advisor listing.…/bookkeep…/2017/chesterton-accounting/ ;

Employee Vs Contractor

Posted on 27 November, 2017 at 0:45 Comments comments (0)

The most asked questions I hear are on the differences between being an employee versus being a contractor. The below link lists the main differences from the ATO. If you are in the process of hiring or being hired and would like some assistance or more information then please contact my office. Please read below response from ATO on what to do if you're unsure.

"What if the job you've been offered is described as contracting, but it looks more like being an employee?


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Travel & Meal Allowance for Employees

Posted on 6 November, 2017 at 18:05 Comments comments (0)

If you are in charge of payroll in the office then the below ATO link can help you identify the reasonable travel and overtime meal allowance for the 2017-2018 income year. It details the different allowance rates for meals, accommodation and incidentals whilst travelling for work purposes as well as the allowance rate for meals whilst working overtime. If you have any questions or are unsure how to calculate your employees travel allowances then please contact my office.


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Automated Superannuation

Posted on 23 October, 2017 at 19:55 Comments comments (0)

Automated superannuation is available in most accounting software packages. This software provides a simple and quick process when making super payments and understanding your super liability to your employees. Xero accounting software features automated superannuation within their payroll software. "With Payroll in Xero, paying employees Super contributions is a simple, automated process. In just a few clicks, your Super payments can be created, authorised, and paid." (Xero)

If ...

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Single Touch Payroll

Posted on 9 October, 2017 at 23:05 Comments comments (0)

Have you heard of Single Touch Payroll (STP) ? It's a new government initiative which will streamline payroll reporting, very similar to SuperStream. It works using accounting software by generating a report to the ATO each time you process payroll. The ATO is currently working with software developers and will make it mandatory for all employers who have 20 or more employees to begin STP reporting by 1 July 2018. Although this may not affect you currently, you ...

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Xero Online Accounting Software

Posted on 28 August, 2017 at 2:15 Comments comments (0)

Xero online accounting sofware is cloud-based software that can be accessed anywhere. Features include entering daily transactions, processing payslips for employees, sending quotes and invoices to customers and completing bank reconciliations using the bank-feed feature. This software also allows you to complete and lodge ATO forms like activity statements, payment summaries and statements, taxable payments annual reports and tax file number declarations. T...

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