Once upon a time, Accountants could just do their 60 hour work weeks absorbed in Excel and hand written ledgers. While for some businesses that’s still the norm, the world is changing – and so are expectations. Excel, TechOne, financial statements, tax, CA/CPA...
The final part of Phase 1 of the ATO’s Single Touch Payroll (STP) Reporting requirements came into effect from 1 July 2021. Now we are getting ready for Phase 2. Phase 1 was a way of reporting employees’ tax and super to the ATO in real time. Phase 2 will expand this...
The Australian Securities and Investments Commission has implemented a new legal requirement for all company directors to hold a Director ID. Each director must only apply for one director ID, even if you are a director of multiple companies. When you must apply for...
‘Tis the season, but before you get carried away with the presents and Christmas parties, there may be some tax implications when it comes to the season’s frivolity. Are you aware that Fringe Tax Benefits (FBT) may actually apply to the fun you’ll have at your...
The superannuation stapled fund measure is starting soon. This month in Nexis News, we want to simplify this new requirement for our business clients. What is this new requirement under the superannuation reform? The superannuation reform, Your Future, Your Super,...
For business: Superannuation penalties now harsher than ever!Photo by Nick Morrison on UnsplashAs a business owner, you probably already know that lodging on time with the ATO is an integral part of keeping your business moving. It allows you to stay on track with...
Meet Henry, our newest Accountant Meet Henry Metcalfe, one of the newest members of our Nexis team in Canberra. He has been with us for the last six months and is settling into the Nexis life - which currently means working from home, due to the ACT's lockdown. While...
At Nexis, we understand that restrictions such as reduced capacity, reduced staff and temporary closures affect business owners in the ACT and the region. We are here to answer any of your accounting, bookkeeping and business advisory questions, starting with what...
ATO’s Single Touch Payroll (STP) Reporting requirements: What this means for your business The next stage of the ATO’s Single Touch Payroll (STP) Reporting requirements come in affect from July 1st 2021. All closely held employers must start reporting the amounts paid...
Coming soon: updates to Xero's business and partner edition pricing Nexis would like to inform its’ clients of some updates coming to Xero’s business and partner edition pricing. From 23 September 2021, the cost of Xero Standard and Premium plans will increase in...
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