A business mentor, or advisor, can help you take your business from where it is now to where you want it to be. They have the advantage of looking at it from the outside without being tied down by the day-to-day running of your business. A business advisor can help you see what is holding […]
As expert accountants, we choose only the best software to help us manage our business and in turn help you manage your business finances. As you may know, the software we choose is Xero. Xero enables you to send quotes and invoices easily, take payments, reconcile bank transactions, pay bills, view your cash flow and […]
In the 2019-20 Budget, the government announced that Single Touch Payroll (STP) would be expanded to include additional information. The mandatory start date for STP Phase 2 reporting was 1 January 2022, however, like many of our clients, if you are using Xero for Single Touch Payroll, the commencement of STP Phase 2 will not […]
It’s important that each year you check your Super provider. Your Super is your money, so look after it by: choosing an account with lower fees comparing your fund’s performance with others combining accounts if you have more than one checking your insurance before you change funds knowing what’s involved before deciding whether to choose […]
Are you, or someone you know, considering a Retirement Community? Did you know there is a choice of nearly 30 Retirement Communities within the Geelong, Bellarine, and Surf Coast regions, each with different pricing models, levels of service, and facilities to suit differing financial positions, health status, and active lifestyle requirements? Making the decision to […]
It’s been a tough couple of years, for some more than others, however, it’s always a great time to create habits that will make you money-wise for life! Here are our top 12 tips for getting the basics right in 2022. #1 Use an Online Savings Account An online savings account is a great way to grow […]
STS Accounting Group will close at 1 pm on Wednesday 22 December and re-open at 8.30 am on Monday 10 January 2022. Thank you for your support over this challenging year. We wish you a Merry Christmas & a Happy & Safe New Year and look forward to assisting you with your financial needs in […]
Fringe benefits tax and Christmas parties As with any benefit that a business provides to staff that is outside the safe definition of “salary”, the question of whether it is a fringe benefit (and therefore taxable) or not (therefore not taxable) will need to be addressed. Christmas-time entertainment up to the value of $300 for […]
Rich Dad Poor Dad by is Robert T Kiyosaki is the story of Robert growing up with two dads: his real father – a poor dad, and the father of his best friend – a rich dad; and the ways in which both men shaped his thoughts about money and investing. The book explodes […]
The government provides financial assistance (in the form of loans) to people undertaking higher education, trade apprenticeships, and other training programs. The ATO have a responsibility for the collection of these loans through the tax system. These are income-contingent loans and when your income exceeds the repayment threshold, you will have to start repaying your […]
To invest well, you need to find investments that fit your financial goals, investing time frame, and risk tolerance. Get an overview of the different types of investments so you can find the right ones to reach your financial goals. Types of investments and returns Investments can be classified as defensive or growth investments. […]
From 1 November 2021, if you employ new staff and they don’t choose a super fund, you may need to request their existing super account (‘stapled super fund’) details from the ATO. A stapled super fund is an existing super account linked, or ‘stapled’, to an employee so it follows them as they change jobs. When […]
Succession planning is the process of building a strategy for replacement or passing on leadership roles. It is used to identify and develop new, potential leaders who can move into leadership roles when they become vacant. What will happen to your business when you leave? Nobody likes to think about it, but it’s inevitable that […]
This month we’re finding out what our newest accountant Andy Nguyen likes to Read, Watch & Listen to… when he’s not in front of the computer crunching numbers and playing with his gorgeous daughter, Elise, pictured below. WHAT TO | READ How To Win Friends & Influence People written by Dale Carnegie. […]
The Victorian Government is providing support to businesses during reopening. A jointly funded package of grants from the Commonwealth and Victorian Governments will support thousands of small and medium-sized businesses through the next six weeks at which point Victoria is expected to reach 80% vaccination. The funding package of up to $2.27 billion announced will support […]
Olivia Ward & Bradley Green – Congratulations lunch is on us!! Thank you to everyone who has reviewed STS on Google & Facebook! We’re so pleased to hear that our service is helping you to achieve your goals in your business & personal finances! It’s not too late to share your experience with us. We’d love […]
The team at STS Accounting Group, are the experts in annual auditing services. With nearly 30 years of experience in providing audit reports, we can ensure your business, self-managed super fund, not-for-profit or community group is well equipped to respond to legal and stakeholder requirements. But why should you consider an Audit? There are many […]
The Victorian Government’s $14.5 million COVIDSafe Outdoor Activation Voucher Program will provide more than 7000 Victorian businesses, community organisations, not-for-profits and trader associations with vouchers for $2000 to support initiatives such as outdoor hospitality and entertainment. The COVIDSafe Outdoor Activation Voucher Program will assist businesses across the state to move activities outdoors by supporting their investment in equipment, permits and other tools needed to offer safe […]
The Victorian Government’s Business Costs Assistance Program Round Four – Construction provides one-off payments to eligible employing and non-employing businesses in the construction sector that were operating in the following local government areas at the time of the restrictions: Metropolitan Melbourne The City of Greater Geelong Mitchell Shire Surf Coast Shire Businesses must have incurred […]
Your personal information is an important part of your identity. You need to keep it safe. To commit an identity crime, thieves only need some basic details such as your name, date of birth, address, myGov details, or tax file number (TFN). They can use this information to: access your bank account and buy things […]
