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...
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...
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...
As 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 your accounting and bookkeeping and employee requirements like Payroll and Superannuation. At...
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 he’s eager to get back to seeing...
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...
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 to their closely held employees. What this means for you: You must register for STP...
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 Australia (the price for Starter will remain the same): Standard by...
Meet Jia, one of the newest members of our Nexis team. She has been at Nexis for 6 months and is loving the role of Bookkeeper within the dynamic Nexis office. As a bookkeeper, her best advice to clients is the simple task of beginning to bookkeep in your business and...
In the 2020-2021 Federal Budget, the government introduced a temporary loss carry back measure. It can be confusing to decipher what this might mean for you and your business. According to the ATO, the loss carry back tax offset allows eligible entities...
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