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Is My Worker an Employee or a Contractor?

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Is Your Worker an Employee or Contractor? There are many factors involved in deciding whether a worker is an employee or contractor. It’s vital to get the classification right so you can rest easy knowing that you won’t be penalised by the ATO or the Fair Work Ombudsman. Do you know the differences between contractors…
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What You Need to Know About the Taxable Payments Annual Report

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Get Your Taxable Payments Annual Report Sorted with On The Money Bookkeepers in Melbourne The Taxable Payments Annual Report (TPAR) is a system of reporting to the ATO about contractors that your business pays. Only businesses in certain industries need to report, and only some payments need to be reported. If you need to upgrade…
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Is Your Business Prepared for Superannuation Changes Starting in July 2022?

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Prepare Your Business for Changes to Super Rules with On The Money Bookkeepers in Melbourne There are several recent changes to superannuation obligations that employers need to be aware of. Start planning now for changes that could significantly affect your payroll costs and make sure your payroll software is up to the job. Super Guarantee…
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Cash and Accruals Accounting on Your Activity Statement

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Understanding Cash and Accruals Bookkeeping and Accountancy At On The Money Bookkeeping Services Melbourne, we’ve noticed that business owners are sometimes uncertain about why their BAS amount payable is considerably higher or lower than what they are expecting. For most businesses, an activity statement reports GST, PAYG withholdings (for employees) and PAYG instalments (for company…
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Elevate Your Success

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Elevate Your Success with On The Money Bookkeeping Melbourne If you’re looking for a proactive approach to looking after your business’s financial management, top-rate tech know-how, and a team of bookkeeping and accountancy experts to collaborate with you for your success, we’re here to help. We pride ourselves on our level of training and expertise…
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10 Clues it’s Time to Upgrade Your Bookkeeping

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Time to Upgrade Your Business Accounts Management? On The Money Xero Bookkeeping Melbourne can Transform Your Systems There are various styles of bookkeeping in the market, and not all of them result in excellent and reliable financial reports. How can you make the best business decisions if you are not certain about the integrity of…
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Are You Looking to Grow Your Small Business?

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Bookkeeping and Accountancy Experts can Get You Where You Want to go Small business doesn’t have to mean small systems or small thinking. For your small business to become successful, you’ll need to start planning well ahead and putting systems into place that will support your growth and scale with you to achieve your goals.…
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Do Your Business Processes Need to Catch up With Rapid Growth?

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Do Your Business Processes Need to Catch up With Rapid Growth? We often think it’s a good problem to have – that business is growing fast, revenue is increasing, and your customers are happy. However, massive and rapid business growth has its own challenges. While initially, it may be exciting and inspiring, pretty quickly, you…
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Helping You Manage Your Small Business Finances

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Xero Certified Bookkeepers Melbourne Helping You Manage Your Small Business Finances Small business owners need to learn a great deal very quickly about running a business. The bookkeeping and accounts management often get left behind as you try to keep up with the demands of managing bills, invoices, cost of goods, overheads, and staff. Then…
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