Skip to main content Skip to search

Posts by admin

COVID19 – Jobkeeper Payment Reminder & Update for Employers

COVID-19 JOBKEEPER PAYMENT – REMINDER & UPDATE

(Legislation is expected to be passed very soon, therefore this information is still considered general in nature and has been obtained by relevant fact sheets)

Eligible Employers get a head start and have this information readily available:

A reminder to please go through all your eligible employees that would qualify for the Jobkeeper Payment within your business. You may need to act promptly to ensure you meet the requirements for the first payment of this stimulus package.

IMPORTANT: The first fortnight under the scheme is from 30 March 2020 to 12 April 2020. Taking into account our public holiday this Friday 10th April, this would mean that the first payment to eligible employees would need to be made by 9th April to qualify for the first payment.  If you are still paying wages to an eligible employee over the $1500 gross payment per fortnight (before tax) you do not need to pay anything further. However, if not, then you will need to review this situation closely and calculate any difference. Overall, you will need to pay eligible employees a minimum or $1500 gross per fortnight (before tax) between the first fortnight period and then continue to pay your employees a minimum of $1500 gross per fortnight (before tax), before the end of the next payment fortnight thereon. The last payment fortnight is Sunday 27th September 2020.

Payments will be received by the ATO monthly in arrears and the first payment will be received in the first week of May.

Currently eligible employees are employees who:

• are currently employed by the eligible employer (including those stood down or re-hired);

• are a full-time or part-time employee, or a casual employed on a regular and systematic basis for

longer than 12 months as at 1 March 2020;

• were aged 16 years or older at 1 March 2020;

• were an Australian citizen, the holder of a permanent visa, or a Special Category (Subclass 444) Visa

Holder at 1 March 2020;

• were a resident for Australian tax purposes on 1 March 2020; and

• are not in receipt of a JobKeeper Payment from another employer.

If you need assistance with regards to this Jobkeeper Payment, please contact our office.

Please rely on news sources and information from State and Australian Government websites that are reliable.

Read more

COVID-19 Business Support Fund – $10,000 Grant (Victoria)

COVID-19 Business Support Fund

Has your business been subject to closure or has been highly impacted by Victoria’s shutdown restrictions announced to date.

Funding of $10,000 per business is available and will be allocated through a grant process.

Please check your Eligibility Requirements

Businesses are eligible to apply for a grant through the Fund if they meet the following criteria :

Have been subject to closure or highly impacted by shutdown restrictions announced by the Victorian Government to-date ; and

·        Employ people; and

·        Have a turnover of more than $75,000; and

·        Have payroll of less than $650,000; and

·        Hold an Australian Business Number (ABN) and held that ABN at 16 March 2020 (when this was declared); and

·        Have been engaged in carrying out the operation of the business in the Australian State of Victoria on 16 March 2020.

CHECK ELIGIBILITY AND DETAILS BEFORE APPLYING USING THE FOLLOWING LINK

https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-support-fund

If you need assistance completing the information on this application with regards to your business’ accounting and tax matters, please contact our office.

Applications opened on Monday 30 March 2020 and close on Monday 1 June 2020.

Please rely on news sources and information from State and Australian Government websites that are reliable.

Read more

COVID-19 Business Continuity Plan

Our first thoughts are with you and your families, and trust you remain safe and healthy.

We have developed a summary attached to assist you and your business to cope with the economic impact of the Coronavirus.

These are times when we need to stay calm, support each other and rely on news sources and information from State and Australian Government websites that are reliable.

https://tbaconsultants.com.au/wp-content/uploads/2020/04/Coronavirus-Continuity-Plan-TBA-Consultants.pdf

Read more

COVID-19 – How we are managing to work with you through this period.

In light of the recent developments around the Coronavirus (or COVID-19) and the uncertainty we are all facing day to day, we felt it is important to email you to assure you that we expect no major interruptions to the accounting and taxation services that we provide to you. Our first thoughts are with you and your families, and trust you remain safe and healthy.

I want to assure you that we at TBA Consultants are here to support your businesses throughout this uncertainty, and as much as possible we remain business as usual. We are committed to minimising any disruption to your businesses.

We are currently taking the following actions to keep our staff, and clients safe:

1. Business Continuity

We have a business continuity plan in place, and are fortunate that our office has the technology and infrastructure to continue to support you throughout this challenging time. We will be working remotely from home and want to reassure you that we are committed to maintaining our high-quality client service levels (including confidentiality) at all times. We will ensure to minimise disruption to our services and remain accessible via email, phone and video conference.

2. Travel Reduction & Client Meetings

We have suspended all staff travel for meetings and/or conferences for the time being. We will instead utilise technology to facilitate meetings and training events that would have previously been delivered in person. Again, we are fortunate to have this infrastructure in place and ready to go. In addition, we are limiting visitors from attending our office until further notice as a precautionary measure.

All these measures are being implemented to support the health and wellbeing of our people and you as our clients in the current environment.

We know this is a disruptive time for many businesses, and we are here to help. Please let us know if we can assist should you require any support,

I hope in a small way I can reassure you, that we are conscious of the challenges your businesses are currently facing, and that TBA Consultants remains ready to support you and your business through these unprecedented times.

Should you have any queries and wish to discuss further, please do not hesitate to contact our office.

Read more

Low-cost Single Touch Payroll solutions

No-cost and low-cost Single Touch Payroll solutions

There will be a range of no-cost and low-cost Single Touch Payroll (STP) solutions available in the market from early 2019. These solutions will best suit micro employers (with one to four employees) who need to report through STP, but do not currently have payroll software.

Companies have put forward product proposals to offer no-cost and low-cost STP solutions in response to a market request. The solutions are required to be affordable (costing less than $10 per month), take only minutes to complete each pay period and not require the employer to maintain the software.

These solutions may include mobile apps, simple reporting solutions and portals.

While we will take all reasonable care to ensure information provided in this list is accurate, changes in circumstances may occur after the solutions are released which may affect the accuracy of this information.

The list order has been randomly generated and does not imply any preference. We do not endorse any of the suppliers listed.

Available now

Company nameSolution nameSolution typePricingWebsite
Cashflow ManagerWages 1-4Desktop $10 or less per monthcashflow-manager.com.au/wages1-4External Link
ePayrollePayrollCloud $10 or less per monthepayroll.com.au/microExternal Link
Single Touch Pty LtdSTP – DataAPI, XML, CSV $10 or less per monthsingletouch.com.auExternal Link
CloudPayroll Pty LtdCloudPayroll MicroPCSmart phoneSmart device $10 or less per monthcloudpayroll.com.au/microExternal Link
AccXite Pty LtdAccXiteWeb appDesktopMobile app Free until 31 December 2019From 1 January 2020 $10 a monthaccxite.com.au/softwareExternal Link
Free Accounting Software Pty LtdFree Accounting SoftwareDesktop Freefreeaccountingsoftware.com.au/single_touch_payrollExternal Link

In development

Company nameSolution nameSolution typePricingAvailabilityWebsite
Ironbark SoftwareIronbark PayrollWeb-based $10 or less per monthJuly–September 2019Coming soon
ReckonGovConnect STPMobile App $10 or less per monthApril–June 2019reckon.com/au/single-touch-payrollExternal Link
sodaPAYsodaPAYMobile One off $20 paymentJanuary– March 2019sodapay.com.auExternal Link
SRI Enterprise Software Pty LtdSriPayWeb-based $10 or less per monthJuly–September 2019sri.com.au/sri-payExternal Link
ePayDay Pty LTDe-PayDay FREEPAY®Cloud Free First two Employees$9.99 for four employeesApril–June 2019freepay.cloudExternal Link
BAS Off Pty LtdBAS OffCloud $10 or less per monthJanuary– March 2019basoff.com.au/single_touch_payrollExternal Link
ZRI Pty LtdSmartSTeP®Cloud basedWeb ApplicationMobile App $10 or less per monthApril–June 2019zri.com.au/stpExternal Link
OB Secure MessagingZeroCloudCloud FreeJanuary–March 2019obsecuremessaging.com/products-servicesExternal Link
GovReportsInteractive Accounts Manager (IAM – STP)Online applicationPortalMobile app $10 or less per monthMarch–April 2019govreports.com.au/STPExternal Link
LodgeiT Pty LtdLodgeiT PayrollWeb basedDesktopTabletSmartphone FreeApril–June 2019lodgeit.net.au/single-touch-payroll/External Link
Xero Australia Pty LtdXero PayrollWeb based $10 or less per monthApril – June 2019xero.com/au/stpExternal Link
Easy Pay Slip Pty LtdEasy PayslipMobile phone app
tablet app 
website 
cloud based solution 
$10 or less per monthJuly– September 2019easypayslip.comExternal Link
Myaccountant Technology Pty LtdMyPayroll AppWeb app $10 or less per monthJuly– September 2019Coming 1 April 2019
MYOB Australia Pty LtdMYOB Essentials PayrollWeb based $10 or less per monthApril–June 2019myob.com/au/accounting-software/essentials-payrollExternal Link
Intuit Australia Pty LtdQuickBooks PayrollCloudWeb based $10 or less per monthApril–July 2019quickbooks.intuit.com/au/payroll/External Link
CatsoftSTPcatSmartphone app $10 or less per monthJuly– September 2019Coming in May

Disclaimer and conditions of use

This register has been developed so that software developers can list the products they have developed, or are developing, as tailored Single Touch Payroll solutions for the micro employer market (one–four employees).

The register contains a list of software products which have been developed by software developers who have provided a declaration us that their product has been tested against the testing materials and produced the same results.

We do not guarantee that the register is available nor, when available, that it is complete, up to date and accurate.

We make no representations or warranties in relation to the software product, their website/s and are not responsible for any loss or damage whatsoever or howsoever it may arise that you suffer, or may suffer as a result of any claim against you by a third party, (including if the software product or website/s fails to perform as expected) arising from or in relation to your use of the software product or website/s.

You are responsible for making all enquiries and investigations of the software products as to their availability, suitability and use, and should obtain appropriate professional advice to ensure they are suited to your particular circumstances and IT environment. You should seek independent advice if you believe that a statement made by a software developer is false or misleading.

If you wish to purchase software listed on this page, you should do so on the basis of independent consideration or advice.

Disclaimer – This article was published on the ATO website on 23-01-19.

Read more