Single touch payroll (STP) is a new regulation that changes when and how small businesses report payroll activity to the Australian Tax Office (ATO). Businesses used to report this information to the ATO once a year. Now, they need to send a report after each payday. And those reports must be submitted digitally, using a […]
18
Jan
Jan
David recently sat down with our GM and had a chat about his job and life in general. So David, you’ve been in the accounting profession a long time, and you celebrated your 11th anniversary with DLA in November last year. Can you tell me why do you do what you do? I enjoy helping […]
15
Jan
Jan
Your financial reports depict the general health of your business and having a good understanding of these reports enables you to pinpoint areas that require a more detailed diagnosis. The three most important financial reports for your business are: Your Trading Account. Your Profit and Loss. Your Balance Sheet. Let’s focus on your Trading Account. Simply put, your […]
09
Jan
Jan
A great idea is the starting point for any business – and these ‘lightbulb moments’ drive the ambition and entrepreneurial spirit of the start-up community. But before you bring your idea to market, you need to know WHY you’re in business – and be confident that there’s a robust and workable business model behind you. […]
19
Dec
Dec
The much-publicised Single Touch Payroll (STP) legislation was passed by the Senate on 5 December 2018. The STP legislation affects all employers by adding a new level of reporting obligations. Whilst some employers would already be subject to the STP provisions (for example, they had more than 20 employees on 1 April 2018) all employers […]
30
Oct
Oct
How did you end up in the accounting profession? My father was an accountant all his life and my brother had his own practice but I wanted to make a difference in the lives of others by not being your normal everyday accountant so I chose to start David Leddy & Associates aka DLA Partners. […]
24
Oct
Oct
So you have decided to set up a new business, and you have registered a business name with ASIC. You have got the website up and running, even printed up yourself some fancy business cards. You would think that by registering a business name, that would stop anyone else coming along and using that name […]
17
Oct
Oct
Legislation has passed that will enable people aged 65 or over to make additional super contributions of up to $300,000 per person from the proceeds of the sale of their home from 1 July 2018. These are known as ‘downsizer contributions’ and they can be made on top of the existing contribution caps, without having […]
10
Oct
Oct
In many situations, hiring a contractor to get a particular job done makes perfect sense. It may require expertise or skills none of your employees has. You may only need someone for a short timeframe to clear a backlog of work. Or maybe you just want to avoid having to go through a formal recruitment […]
Any business that isn’t planning for the future is planning to get left behind. While most business owners know that budgeting is a critical part of their planning, there is some confusion about which components should be included in a budget.