Tracking your spending is a way to take control of your money. Knowing exactly how much is coming in and going out can help you spend less and save more. Here the Money Smart website has some great tips on how to track your spending: 1. Understand where your money goes Taking the time to […]
If your business operates in tourism, culture, entertainment, events, sports or recreation (see full list here) Business Victoria has released a grant, whereby, eligible sole traders who are impacted by the restrictions will receive a grant of $3,000 that can be used towards their overhead costs. Businesses in the eligible sectors must also: Operate a […]
If you‘re a Winchelsea local, you have probably already met Sue Lubcke, a long-standing and active community member. We’re lucky to say that Sue has recently joined our Wincheslea office to manage our administrative processes. With over 14 and half years at the Community Bank (Bendigo Bank), and working on her family’s farm, Sue […]
Small tasks often get left on the to-do-list and updating your Xero user profile, including your basic information, contact details, and location, maybe one of them. So here’s a quick reminder of how to get this done, and tick it off the list this month, especially if you’ve not previously included your social media links. […]
As we a now well and truly out of the first quarter, now is a great time to review your year so far, and look for ways to improve your cash position. An alternative cash-flow process can make a positive difference. These ideas will not apply to ALL businesses but perhaps there are some you […]
Not only is Christmas decorating on a budget achievable, but it can also make Christmas more enjoyable, meaningful and reduces consumer waste. Here Melissa, the author of the website frugalandthriving.com.au shares 6 ways we can all celebrate Christmas at home on a budget this year: 1. DECORATE WITH NATURE The first Christmas decorations weren’t […]
As the ATO’s data-matching capabilities are increase they are paying close attention to capital gains made on shares, property, and cryptocurrency. Please let your accountant know when you dispose of an asset, which can include an asset’s sale, loss, or destruction. The type of capital gains tax (CGT) event that applies can affect: – how […]
The Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 8) 2020 legislative instrument was registered last week, setting out the decline in turnover test for the extension of JobKeeper to 28 March 2021 and the new two-tiered payment rates. For the first extension period running from 28 September 2020 to 3 January 2021, employees who […]
Creating your COVIDSafe Plan is not complicated, but it will protect your staff, customers, and visitors. It also supports you in preparing for a suspected or confirmed case of coronavirus (COVID-19) in your workplace. Your COVIDSafe Plan must set out: Your actions to help prevent the introduction of coronavirus (COVID-19) in your workplace The level […]
We recently had a chat (via email) with Aidan Mill about his new business Forward Osteo. Here’s what we learnt… So Aidan, when did you establish Forward Osteo and why? I established Forward Osteo at the beginning of 2020 with the goal of providing the Geelong region with honest, no-nonsense pain management, and injury […]
We have some more great entertainment lined up for you this month from our Senior Accountant at our Torquay office, Chris Henry. WHAT TO | READ Tell Me Why – Archie Roach I found to be an interesting and educational read. Strangely enjoyable and provided me with an insight and some empathy into one […]
Lender requirements have become a lot more stringent during COVID. Here’s a look at things you need to keep in mind to boost your approval chances. #1 Prepare for queries if you are on JobKeeper Subsidy If your employer is receiving JobKeeper Subsidy on your behalf, it will appear on your payslip. Its appearance, […]
BAS BAS Lodgement is now due. Please contact us if you’ve not yet lodge your BAS for the last quarter. It is important to note even if you can’t pay your tax, that you still make the lodgement. Contact Us if you need assistance. DIRECTORS As you may know, if a company does not […]
As many of us are, managing a remote team can be a true jiggling act, so Forbes have listed the 9 most effective ways to enagage your team online. Take a look below and see whether you could implement these into your routine… #1 Swap audio for video If you’re still holding your meetings […]
Did you know that businesses with annual Victorian taxable wages up to $3 million will have their payroll tax for the 2019-20 financial year waived? Eligible businesses must continue to lodge returns but do not need to make further payments for this financial year. These businesses can also defer paying payroll tax for the first […]
As our Surf Coast region is back in Stage 3 restrictions, and our friends in Melbourne Stage 4, now more than ever an online presence is vital to ensuring your business grows. But how do you get people to your site? Thanks to our friends at Xero, here are 10 great ways to increase your […]
Looking for more entertainment? This month our read, watch and listen recommendations are from Senior Accountant and Torquay Office Manager Kim Thomas, who is clearly a thrill seeker… WHAT TO | READ Harlen Coben, Run Away You’ve lost your daughter. She’s addicted to drugs and to an abusive boyfriend. And she’s made it […]
The Victorian Government has announced land tax relief for eligible owners of land, including landlords who have provided rent relief to tenants impacted by the coronavirus (COVID-19) pandemic as part of the Government’s Support to Landlords and Tenants package. Landlords who provide tenants impacted by the coronavirus pandemic with rent relief, and those unable to secure a […]
Still working on your 19/20 Tax Return? Here are 5 tax deductions most commonly forgotten: 1. Tax agent fees If you used us, or another Tax agent last year, then you can claim the amount you paid last year – on this year’s return. 2. Union/Membership fees Are you part of a union? […]
About STS Accounting Group STS Accounting Group is a leading finance and business advisory practice, servicing the South West Coast of Victoria from two offices, Torquay and Winchelsea. Working with both individuals and businesses from a wide range of industries, our mission is to develop strong relationships with our clients so that we can provide […]
