Chesterton Accounting

You take the credit, I process the debit


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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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Simpler BAS

Posted on 4 June, 2017 at 21:10 Comments comments (0)

If you are a small business and you have Business Activity Statements lodged, then from 1 July 2017 your BAS forms will automatically transfer to Simpler BAS forms. The only items that will need to be reported include: Total Sales, GST on Sales and GST on purchases. Please see below for more information from the ATO. 

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Identity Crime

Posted on 22 May, 2017 at 21:45 Comments comments (0)

Protect yourself against identity crime ! Please watch the below video to learn more.

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"Think twice about what you share on social media.

Criminals can use personal information such as your home or email address, myGov details, tax file number (TFN) or date of birth to commit fraud and apply for cred...

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2017 Federal Budget Highlights

Posted on 9 May, 2017 at 22:00 Comments comments (0)

Please see the below link for an overview of the 2017 Federal Budget which was handed down last night.

"Instant Asset Write-Off – The $20,000 instant asset write-off for small business will be extended by 12 months to 30 June 2018, for businesses with an aggregated annual turnover of less than $10m. Assets must be acquired and installed ready for use in your business by this time."

"Foreign Worker Levy – As an incentive to employ Australian workers, businesses that e...

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Record My Hours app

Posted on 6 April, 2017 at 22:10 Comments comments (0)

The Fair Work Ombudsman have just created an app for smartphones which records working hours for employees.

"Using geofencing technology, the Record My Hours app will automatically and accurately record when an employee is at their workplace, becoming a helpful tool which will be closely considered by my Fair Work inspectors should there be a dispute between a business and an employee on hours worked."

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