Most RecentNewest TopicsMost LikesMost ViewedATO INTEGRATED CLIENT ACCOUNT Easy steps for Tax and BAS Agents with access to the ATO Integrated Client Accounts, to reconcile this account. Deferring GST on imported goods (Australia only) The GST deferral scheme is typically only available to businesses who lodge monthly activity statements, and it results in the GST on imported goods being deferred from one BAS reporting period to the next. Business purchases with a private use component (Australia only) When a business purchase is made and a proportion of the purchase is for private consumption or a non-deductible business expense, the amount of GST credit claimed needs to be adjusted. Factoring of debtors Factoring of debtors is where a company sells its debts to a 3rd party, such as a finance company, and the 3rd party charges a fee for the service. Consolidating reports for multiple company files If you're looking for a way to generate consolidated reports for multiple businesses, here's a method which might work for you. Superannuation Guarantee for the building industry Here's a way you can set up your payroll to handle super guarantee payments in the building industry. Receiving share dividends *Updated 17/01/2025 If you're looking for a way to record share dividend receipts, this article might be for you. Handling a share portfolio This article explains a method for keeping track of a share portfolio. Wine Equalisation Tax (WET) for cellar door sales If you sell wine at the cellar door, this article explains one way of setting up your MYOB software to handle WET. Retention Money – don’t let clients steal your cream! What is retention money and how does it work? Here's my take on it...
