Exact Bookkeeping

Exact Bookkeeping With over 17 years of Bookkeeping experience Exact Bookkeeping can help you with all aspects of your bookkeeping needs. Registered BAS agent: 25160008

With competitive rates, great service and easy pickup and delivery, let Exact do the hard work for you. Outsourcing to the experts will save you time, money and stress. We can take the headache out of:
-BAS and GST statements
-Payroll and Superannuation
-Administration and secretarial services
-Financial reporting
-Accounts receivable data entry and management
-Accounts payable data entry and management
-BAS and IAS
-Bank and credit card reconciliations

21/09/2024

🚨 Payday Super Changes for Employers 🚨

Starting 1st July 2026, employers will need to pay super at the same time as wages. While the SG calculation remains the same and ATO will handle SG Charge assessments, there are some challenges ahead. The Small Business Superannuation Clearing House will retire, and missing the 7-day rule could lead to penalties. For small businesses, this means more frequent payments and increased cashflow pressure.

Read more: https://www.icb.org.au/s/news/payday-superannuation-announcement-MCMIURMHQHFFGRBP65GPIMVIYGPI

10/08/2024

🗓️ On July 24, 2024, the Tax Practitioner Governance and Standards Forum (GSF) and Consultative Forum (CF) discussed the Tax Agent Services (Code of Professional Conduct) Determination 2024.

Highlights:
- Existing Compliance: Most practitioners meeting current standards will align with the new requirements.
- Support: The TPB will offer guidance during the transition.
- Industry Feedback: Concerns were raised about compliance deadlines and the scope of new obligations. TPB and Treasury will address these in FAQs and draft guidance.

Key updates include:
- Ethical Standards: Practitioners must uphold high ethics, correct misleading statements, and maintain transparency.
- Confidentiality: Properly manage conflicts of interest, ensure confidentiality, and maintain robust record-keeping.

🔗 For more details visit: https://www.icb.org.au/s/news/unpacking-the-new-code-of-conduct-determination-MC5SDIGTT4N5EBXMXSYT6VVXLP4M

10/08/2024

Annualised wages and annual salaries aren’t the same thing, but a common thread is that you can’t be paid less than the minimum entitlements you would otherwise receive if you were paid your award or enterprise agreement rates.

An annualised wage arrangement is a term in some awards and enterprise agreements that allows an employer to pay you more than your minimum hourly base rate to cover other entitlements like penalty rates or annual leave loading.

An employment contract may set out an annual salary. This type of agreement is different to an annualised wage under an award or enterprise agreement, but still can’t be less than your minimum entitlements even if you’ve agreed to it.

We’ve got more info about annualised wages in common awards, including record-keeping and reconciliation requirements for employers here: https://www.fairwork.gov.au/pay-and-wages/minimum-wages/annualised-wages

18/05/2024

If you want to make a voluntary repayment on your study loan before indexation, you’ll need to do this by 27 May. This allows enough time for the payment to clear before 1 June, which is when accounts are indexed.

10/05/2024

Building financial futures, one ledger at a time.💡

Bookkeeping isn't just about numbers; it's the cornerstone of business success.

Do you agree?

22/03/2024

🚨 Attention all businesses in Australia! Effective from March 22nd, the ATO is cracking down on overdue Taxable Payments Annual Reports (TPAR). 📅

Last year, the ATO penalized over 11,000 businesses, totaling $18m in fines. Don't let your business be one of them!

Don't risk penalties – ensure compliance now. 💼

Read more: https://ow.ly/JU9y50QNssJ

22/03/2024

The Easter Bunny is hopping up right around the corner🐰. With states and territories having slightly different public holiday dates, we thought we’d combine all the eggs in one neat basket (table🤭).

Check your pay entitlements when working and not working on a public holiday: https://www.fairwork.gov.au/employment-conditions/public-holidays

Happy 12 year Anniversary to our amazing Employee, Kylie Holley!  We are so lucky to have you - looking forward to many ...
14/03/2024

Happy 12 year Anniversary to our amazing Employee, Kylie Holley! We are so lucky to have you - looking forward to many more years! 💕

Address

42 Picton Crescent
Narangba, QLD
4504

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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