Bookkeeping Blog
Advice and tips for Australian Businesses
Why you should outsource payroll?
There are a number of reasons why you should outsource your payroll to Maree Punzet, Bookkeeper with over 20 years’ experience.
- Do you know the changes to the threshold for Superannuation are increasing?
- Do you know that STP 2 is changing too?
- The reporting side of Bookkeeping is getting more complicated each month, with new reporting changes that the ATO are after, there are more chances of you making mistakes, gone are the days when payroll was easy.
Does this sound all too familiar?
Then why don’t you outsource your payroll to Maree today.
Let her take care of this for you.
Give her a call today on 0429 363 047.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
Have you outsourced your bookkeeping in the past?
Have you ever outsourced your bookkeeping but decided to do it yourself?
Was the reason that you felt you lost that control?
We have recently completed a survey and asked business owners the main reason why they won’t outsource their bookkeeping.
The majority of people answered that they felt like they would lose control of what was happening within the business.
Isn’t it strange, as a business owner, we like to control every facet of our business, from working on the product or service, to delivery, to pricing, to writing content, to social media, we like to stay and control and do it all?
Well, sometimes you just can’t do everything as a business owner.
It just isn’t possible.
You don’t have the time.
Which means an area of your business, which is probably the most important aspect, either doesn’t get done, or it gets done, but in a hurry and errors are made.
Have you thought that Maree your bookkeeper could do this for you, in half the time and she will keep you informed of what she is doing, so you still feel like you have that control?
Does that sound pretty good to you?
Then give Maree a call today on 0429 363 047.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
Removing the $450 per month threshold for super guarantee eligibility
This information has been taken from the ATO website.
‘On 11 May 2021, as part of the 2021–22 federal Budget, the Australian Government announced it will remove the $450 per month threshold to expand coverage of super guarantee to eligible employees regardless of their monthly pay.
The change is now law by the Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Act 2021External Link with royal assent on 22 February 2022.
From 1 July 2022, employers will be required to make super guarantee contributions to their eligible employee’s super fund regardless of how much the employee is paid. Employees must still satisfy other super guarantee eligibility requirements.
We will work with digital service providers to assist them in updating their payroll and accounting software to be ready for this change.
Employers will need to check their payroll and accounting systems have been updated for super payments made after 1 July 2022 to ensure they correctly calculate their employee’s super guarantee entitlement.
We will update our advice and guidance, including online tools and calculators on 1 July 2022 to account for this change.’
In other words, From 1 July 2022, the $450 per month threshold for super guarantee eligibility will be removed.
If you would like any further information, please contact Maree on 0429 363 047.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
