Doyle Bookkeeping

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Superannuation Guarantee Changes July ’22

Superannuation Guarantee Changes July ’22 Blog Banner
Reading Time: 1 minute

Superannuation Guarantee contribution rate to be increased The Superannuation Guarantee rate is scheduled to increase from 10% to 10.5% on 1 July 2022. This is the minimum percentage of a person’s salary (ordinary time earnings) that their employer must pay into their superannuation. Last year, the Government increased the Superannuation Guarantee 9.5% to 10% on […]

Small Business Support

Small Business Support Small Business Support is at hand
Reading Time: 2 minutes

ATO offers help whatever your situation This tax time will be extremely stressful as businesses try to weave their way through the torrent of financial implications COVID-19 has had on business and the economy, amongst other reasons. What we can be certain of is help is available. There are resources at hand as well as […]

COVID-19 Disaster Payment – Queensland

COVID-19 Disaster Payment – Queensland
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Please be sure to head to the following link to check your eligibility for the most recent Covid-19 disaster payment applicable for those affected by the most recent lockdown in SE Queensland. This is a lump sum payment for those who were unable to work due to the public health order.  There are eligibility rules […]

Superannuation Guarantee percentage increase 1st July 2021

Superannuation Guarantee percentage increase 1st July 2021 Super Guarantee Blog Post
Reading Time: 2 minutes

Changes to superannuation were announced in the 2020-21 Federal Budget, when the government unveiled its Your Future, Your Super package. It’s been frozen at 9.5% since 2014, despite having been originally scheduled to reach the 12% mark by 1 July 2019. As per the May 2021 Budget – Super will increase from 9.5% to 10% of Ordinary […]

Upcoming ATO reporting Obligations

Upcoming ATO reporting Obligations Upcoming ATO obligations
Reading Time: 3 minutes

Closely held payees concession ENDS 1st July 2021 Small employers with 19 or fewer payees are currently exempt from reporting amounts paid to closely held payees through Single Touch Payroll (STP) until 30 June 2021. I.e. An individual directly related to the entity from which they receive payments such as: Directors or shareholders of a company Family members […]

Harmonise through Reconciliation

Harmonise through Reconciliation Reconciliation
Reading Time: 2 minutes

Harmony is knowing your financial position! Reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) agree. Reconciliation is used to ensure that the money leaving an account matches the actual money spent. This is done by making sure the balances match at the end of a particular […]

The Importance of Categorizing

The Importance of Categorizing Bookkeeping Rules
Reading Time: 1 minute

Bookkeepers categorize all transactions – the reason for this is that it assists in identifying tax concessions which may be applicable to your business, making auditing easier. Transactions are categorized under the following five types of accounts: Assets Liabilities Revenue Expenses Equity Ensure (where possible) all payments are made via Credit or Debit card as […]

Wave bye-bye to riding the free Wave Accounting Software

Wave bye-bye to riding the free Wave Accounting Software Wave Accounting
Reading Time: 5 minutes

As many have already heard, the amazing (previously all-encompassing) free
Wave Accounting Software App is soon to be a thing of the past for us. It was
wonderful while it lasted, but sadly, all good things (especially too good to be
true things) come to an end.