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Single Touch Payroll Xero Setup Instructions

If you use Xero the setup instructions are:

  1. In the Payroll menu, select Pay employees.
  2. In the message about Seamless reporting with Single Touch Payroll (STP), click Get started. (If you don’t want to opt in right now, close the message by clicking Remind me later. To reopen the message, click Setup Single Touch Payroll.)
  3. Click Opt in to confirm.
  4. Review your organisation details. If necessary, click Update Organisation details. Xero will redirect you to the Organisation details page. Otherwise, click Continue.
  5. Connect your Xero account to the ATO. You only need to connect once. Call the ATO on 1300
May 15th, 2019|Categories: Good Business|

Are business problems really just people problems in disguise?

Cameron-Patterson-Co-Business-Accountant-Problem Child

 

Almost any business owner or manager you talk to will say that people issues are among the biggest challenges in running a business.

The author Patrick Lencioni has written a number of books about the dynamics of work teams.

I find three of these books in particular provide a useful way of looking at how people work together.

These titles, in the order of my discovering them, are:

November 30th, 2017|Categories: Good Business|

A “thank you” to our referrers

Over many years many kind people have been saying nice things about us and referring their family, friends, colleagues and clients to us.

We have thanked you one on one each time you have sent someone to us, and now we do so in public.

Thank you Andrew, Ashley, Baz, Cameron (must be a great bloke with a name like that), Chris, Craig, Don, Esther, Greg, Harold, Jason, John, JK,

September 29th, 2017|Categories: Good Business|

“Why doesn’t my profit match my bank account?”

“Why doesn’t my profit match my bank account?” is a question that echoes through the ages for people who own their own business.

The answer requires you to hold your mouth the right way as you think about it, but when the penny drops, you may realize your subconscious instincts had most of it figured out already.

See if this helps.

Your balance sheet is a snapshot at a given point in

September 29th, 2017|Categories: Good Business|

What is a “different” accountant, anyway?

People sometimes say I’m not like other accountants. I’m not really sure what most accountants are like because, apart from my work colleagues, I don’t spend much of my time with accountants. I would rather spend my time with really clever people from a wide range of disciplines to see what I could learn from them and then tweak to use in my work. I want to spend time with clever business people, clever lawyers, clever

August 30th, 2017|Categories: Good Business|

Some of the more interesting things we do for selected business owners…

We strongly believe that business owners should be able to rely on their accountant for so much more than just tax! This is about real business advice that makes a real difference and helps you grow as a business owner. Our goal is for you to enjoy your journey and life more. It’s why Cam started this business!

Over many years we have fine tuned a suite of our own consulting services that do

August 22nd, 2017|Categories: Good Business|

Trust structure essentials – we demystify some of the jargon

Wordcloud with Trust related tags

Trust structures and their use can often be misunderstood – we demystify some of the jargon.

Why use a trust?

Trusts are commonly used to protect assets, as property and other assets that are held by a trust have a level of protection from creditors.

A trust can also maintain an estate until a beneficiary becomes old enough to have legal possession, or isolate valuable assets from a trading company that may be more exposed to

June 8th, 2016|Categories: Build Wealth, Good Business, Make Money|

Business Succession Planning

Cameron Patterson & Co Business Accountant - Business Succession Planning

From about five years ago, the baby boomer generation started to turn 65. A surge in Australian business owners retiring began, and continues, but the topic of succession planning, although given some emphasis by this demographic wave, remains a perennially under-addressed issue.

Often a recurring subject of the ATO’s “Building Confidence” compliance website, effective succession planning can allay many of the tax risks that stem from the

April 11th, 2016|Categories: Good Business|

Going from sole trader to a company

Cameron Patterson & Co Business Accountant - Going from sole trader to a company

Whether you’ve been in business for years or you’re just starting out, choosing the right structure for your business is important.  It is a consideration that is not only important from the start, but as your business grows and develops.

The business structure that you build your business on can determine:

  • how much tax you pay
  • your responsibility as a
March 15th, 2016|Categories: Good Business|