Payroll Premier and the new Backpackers Tax

Question: How do I create a tax scale for the recently introduced “Backpacker Tax”? Solution: Create a new PAYG Tax Scale with percentages for the new backpacker levels. The Issue In December 2016 the Australian Government finalised the re-categorisation of foreign visitors on working holiday visas (“backpackers”) for PAYG withholding purposes, from parity with “Residents” […]

Cash flow is King.

Cash flow in business is imperative if the business is to survive and building and keeping an adequate stockpile of cash provides maximum opportunity and flexibility to any business while enabling its owners to sleep soundly at night.  Even so, many small business owners will admit they have or have had a cash flow problem. […]