Single Touch Payroll Reporting “STPR” is a reporting change for employers, but this will affect all employees. What is the change? From 1 July 2019, all employers will report payments such as wages, pay-as-you-go withholding (“PAYGW”) and superannuation information to the Australian Taxation Office (“ATO”) directly from their payroll software at the same time […]
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Net Worth – The Millionaire Scoreboard
What is your Net Worth? Net Worth is the snapshot of the difference between what you own and what you owe. For businesses, this is recorded on a Balance Sheet as Assets and Liabilities. Everyone should complete their own personal Balance Sheet to measure how they are going financially. To be considered […]
Payroll – Are you getting paid correctly?
Is your pay correct? Ahhh, pay day. For some, the best day of the week/fortnight/month and for others, a dreaded day where money comes in and flies out the window on bills and paying for the lifestyle. Regardless of which category you fall in to, you should always check that you are being paid […]
Payroll – Can cost more than money
It’s all about the Money Here at Wall Business Services, we like to focus on the numbers. The numbers can show many things about a person or a business. One of the main factors making up the numbers that affects everyone, is payroll. For most employees, this is what drags you out of […]
My Favourite Things
Just like Oprah With the last of this years blogs, I was reflecting on how to finish off the year. Oprah and Ellen offer their favourite things, so with that in mind, here are my favourite things, some money related, some random. Enjoy… Book Barefoot Investor for Families I know I use a […]
The most wonderful time of the year…
…Or is it? Being on the home stretch to Christmas means a time of reflection: What are you thankful for? Are you where you thought you would be at this time of year? Do you have the funds to pay for this expensive time of year? While this is the giving time of year, […]
Christmas Bonus
With Christmas being the time for giving, many employers may be thinking of providing a bonus to employees. When employees are paid bonuses this is income to them and needs to be treated as such. In effect the rule is that all payments to employees should be put through the payroll regardless. Employers […]
How we saved $2,000 in one afternoon…
Yes, you read that right, 2,000 big ones!!! Treading our own path with the Barefoot Investor, we have opened up the fee-free accounts, wined and dined through our finance talks and are working on the barefoot steps to financial freedom. Being on the BFI footpath for about 9 months, we thought the time was right […]
Banking Commission Bite
Copping a Serve We have seen the headlines and heard many tales from the discoveries during the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Not many in the banking and finance sector escaped without a serve from the Commission. The hearings and eventual conclusion is still ongoing, but […]
We Did It – 3 out of 4 Ain’t Bad
We did it!!! Doing spring cleaning of the desk in my home office (read…a corner in my bedroom as we had to give up the office for the youngest child), the other half came across our list of goals that we wanted to accomplish this year. As you might now, being an avid reader […]
To Err is Human, to Volunteer can be Life-Changing
When did you last do something? Coming off a weekend where I experienced first hand the life-changing aspects that volunteering can have on a small community, got me thinking… Every community event, sporting match, school concert, even the Olympic Games would not be possible without people raising their hand to help out. Becoming […]
3 Little Pigs and the Big Bad Banks
And so it begins… The rate rises that we have all been warned about for the last few years have begun. Not from the Reserve Bank, but from the Lenders themselves. Regardless of what penalties and outcomes may be imposed from the Royal Commission into the Banking Sector, the Big Bad Wolves of the […]