Payroll is a complex and time-critical issue for many businesses. We often hear about employers underpaying staff and employees taking their employers to the Fair Work Ombudsman due to incorrect processing. Its little wonder small businesses have some anxiety about getting it right. We can take on all of your payroll function, or just assist you streamlining and making the most of your accounting software.
As a business owner, you know payroll can be a full-time job. You didn’t go into business for yourself to become an expert at HR and payroll, but you also don’t want to hire another employee. The good news is that we can provide you with the help you need at a fraction of the cost of a new employee, and that means you can spend your time growing your business instead. CQ Taxation Services specialize in payroll management for small businesses. We simplify the most complex payroll functions with ease, giving you back your valuable free time. We’ve helped our clients improve payroll accuracy and make the most of their accounting software to reduce the time it takes to process their pay runs.
Single Touch Payroll (STP) was introduced in the 1st July 2019. Businesses are now required to report employees’ payroll information, such as salaries and wages, pay as you go (PAYG) withholding and super information to ATO before each pay.
That’s extra work for all business owners and could result in penalties by the ATO if overlooked. This is where we come in. Let us help your business take the hassle out of (STP) work so that you can focus on your bottom line.
If you already have a record keeping software in place with STP capabilities, then it’s a straightforward process to quickly convert your business into a compliant reporter. If your business does not have any record keeping software in place, don’t worry, we can easily help you to implement a cost-effective solution that will not only enable you to manage your business better, but also to make compliance work hassle free. We can also do STP lodgements on your behalf to the ATO saving you compliance costs as well as the stress.