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News & Updates
Religious Practitioners and Single Touch Payroll
From 1st July, 2019, all employers will need to submit payroll details to the ATO after each payrun. Many employers are already doing this and Ministers and other Religious Practitioners are included. Religious Practitioners have special fringe benefits tax...
Pros & Con’s of 3 different ways to pay your Minister’s Benefits
Religious institutions may be eligible for FBT concessions for benefits they provide to religious practitioners. Churches have different names for these benefits. Some are: Minister’s Expense Allowances (MEAs) Non-Cash Benefits Minister’s Benefits To...
The Assurance Review Service
Audit doesn’t have to be a year-end ordeal Maybe you have completed the audit for year end? Maybe you are rushing now to compete the church accounts and need just the final approval? This is the opportunity to consider the simpler and cheaper alternative to an...
Casual Employees may change to part-time – new legislation
Many churches employ people on a casual basis for many roles and tasks. New legislation was recently passed that affect many modern awards that may affect church employees – clerical employees in particular. In summary A person engaged by a particular employer as a...
Benkorp is getting ready for Single Touch Payroll (STP)
Benkorp is getting ready for Single Touch Payroll (STP) STP is mandatory for all organisations employing staff from 1st July, 2019. It has been mandatory for employers with 20 or more employees from 1st July, 2018. Single Touch Payroll is a new ATO initiative. STP...
Xero’s reporting platform – amazing flexible reports!
Xero continues to develop it’s new, flexible reporting platform. We at Benkorp, use these more and more. For Profit & Loss reports and Balance Sheets we can: Add many different columns for comparatives: Actual Data – eg last year, last month, Tracking ...
Nef (Winston’s Brother) – Cancer Cure
On the 2nd week of April 2016, Nef noticed blood in his stool, he consulted a doctor and was advised to undergo various health examinations. The examinations revealed that he is suffering from colorectal cancer stage IIA high risks. Nef is the main breadwinner of his...
Single Touch Payroll – for all
Single Touch Payroll (STP) mandatory for all employers from 1 July 19 A good clear explanation about STP STP works by sending tax and super information from your payroll or accounting software to the ATO as you run your payroll. When you start reporting: you will...
Westpac – setting up automatic bank feeds and importing the gap!
Many Not-for-Profit organisations use Westpac for banking. When a new Xero organisation is set up or if you are already using Xero, when a new Westpac bank account is created, you will need to: Set up the automatic bank feeds for your Westpac account to your Xero...