Axis I.T Consulting - Accounting Software & Cloud Specialists

25/11/2022

Director's ID deadline is looming - November 30 is the official cutoff! Don't risk getting fined for not having completed such a simple process!
https://www.axisitconsulting.com.au/director-id-deadling-looming/

13/07/2022

We discuss the urgent move to the Cloud and the benefits therein for small business. Join us with Reckon Australia for an in-depth look at current drivers to the Cloud.

We interviewed Nathan Elcoate, Director of Axis IT Consulting, to understand how essential cloud tools have become and where they’re headed.

09/05/2022

Are you aware of the upcoming Superannuation changes being introduced 1st July 2022?

Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each year until it reaches 12% on 1 July 2025. If you have employees, what this will mean depends on your employment agreements. If the employment agreement states the employee is paid on a ‘total remuneration’ basis (base plus SG and any other allowances), then their take home pay might be reduced by 0.5%. That is, a greater percentage of their total remuneration will be directed to their superannuation fund. For employees paid a rate plus superannuation, then their take home pay will remain the same and the 0.5% increase will be added to their SG payments. $450 super guarantee threshold removed From 1 July 2022, the $450 threshold test will be removed and all employees aged 18 or over will need to be paid superannuation guarantee regardless of how much they earn. It is important to ensure that your payroll system accommodates this change so you do not inadvertently underpay superannuation. For employees under the age of 18, super guarantee is only paid if the employee works more than 30 hours per week.

22/12/2021

As another challenging year draws to a close, I just wanted to say sincerely, "Thankyou!" for another big year, I truly am grateful for all the challenges we are able to conquer together.

Wishing you all a very Merry Christmas, a Safe and Happy New Year - and see you all next year!

Our office is closed from this afternoon 23rd December through to January 10, 2022.

24/09/2021

The ATO has announced a blanket deferral on STP Phase 2.
https://www.axisitconsulting.com.au/stp-phase-2-blanket-deferral-announced/

03/08/2021

How is everyone enjoying working from home?

28/10/2020

If you are continuing on with JobKeeper 2.0, please ensure you are across the key dates.

The first JobKeeper Payment extension starts on 28 September and there are some key dates to keep in mind. Find out more.

21/07/2020

Changes to JobKeeper have just been announced. Here is a brief summary.

The JobKeeper Payment, which was originally due to run until 27 September 2020, will now continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021.

The payment rate of $1,500 per fortnight for eligible employees and business participants will be reduced to $1,200 per fortnight from 28 September 2020 and to $1,000 per fortnight from 4 January 2021. From 28 September 2020, lower payment rates will apply for employees and business participants that worked fewer than 20 hours per week.

From 28 September 2020, businesses and not-for-profits seeking to claim the JobKeeper Payment will be required to demonstrate that they have suffered an ongoing significant decline in turnover using actual GST turnover (rather than projected GST turnover).