Bookkeeping and Payroll
Staying compliant with the ATO can be overwhelming, so we offer bookkeeping and payroll services from our office or yours. We can manage regular payrolls for any size business.
Focus on what you do best and let us take care of all the paperwork using online accounting solutions. We report to you regularly on cash flow, profit and working capital. We can work with any accounting software and provide support as needed. Talk to us today about creating a bookkeeping solution for your business. We are here to help you operate your business more efficiently. Learn more about our accounting services.
Payroll Services in the Gold Coast
Paying employees correctly and promptly is one of the most important tasks for your company. Get it wrong and employee morale will fall, staff will leave and the overall performance of the company will suffer. Added to that, you’ll be in trouble with the ATO if you fail to submit payroll returns and to pay tax deducted accurately and on time.
For small companies, this can be a particular problem because they don’t have the resources to pay full attention to the payroll. In these cases, or if you simply want the reassurance of professional help, Quill can provide full or partial payroll support as part of its integrated accounting service.
Dealing with the Complexity of the Australian Payroll System
Australia’s payroll and tax system is notoriously complicated and can prove a nightmare for companies that haven’t the time or resources to deal with it properly. All payroll taxes are levied at state level and so are different on the Gold Coast to other parts of the country.
When computing Pay As You Go taxation, you have to account for superannuation contributions, Medicare levy, HELP and SFSS debts as well as various other tax offsets.
Any termination payments are taxed at different rates and there are a whole host of factors to consider when dealing with redundancy payments. Taxes on fringe benefits, unused leave payments and various other payments and expenses also have to be considered and accounted for.
If all that isn’t bad enough, the rules are changing constantly and you have to be up-to-date with everything that’s happening to be fully compliant.
As recently as July 2015, all companies with twenty or more employees had to implement the SuperStream superannuation system, with all other employers following one year later.
More recently, there’s the new Single Touch Payroll requirement that necessitates the submission of reports after every payroll run and applies to companies with twenty or more employees from 1st July 2018 and other companies one year later.
Large companies that have their own payroll and HR setups can generally deal with the complex and ever-changing rules. However, if you’re not in that league, you may struggle to meet the demands and need the help of a professional organisation such as Quill.
Simplifying Payroll’s Intricacies and Staying Compliant
Here at Quill, we’ve been providing payroll services on the Gold Coast for many years and are well acquainted with the regulations and how to meet them. We can process your payroll on your premises or remotely at our offices and we do this using various software packages to meet your current practices.
If you want us to handle everything, we can do. Otherwise, you can deal with some of the processing yourselves, such as entering timesheet information and updating employee records.
Either way, you’ll have access to the data you need via secure links and we’ll provide all the necessary reports to your company, the ATO and any other interested organisations.
We process the payroll at weekly, monthly or other required intervals and undertake all necessary checks for accuracy as well as providing payslips, audit reports and periodic submissions. And, since we can cover all your accounting needs as well as payroll, we can make the necessary postings to the cash book and general ledger so that your accounts are always up-to-date and you’re fully aware of your financial situation.
With Quill’s integrated payroll and accounting services, you’ll always be compliant and fully informed while your employees will be paid correctly and on time.
“We’re all working together; that’s the secret.”
– Sam Walton
What we can do
Bank account management