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News & Updates
Preparing for STP Phase 2 (Single Touch Payroll 2)
We have all been submitting STP to the ATO for over a year now. Soon STP will be expanding to STP Phase 2 The ATO says that STP Phase 2 “will reduce reporting burden for employers who need to report information about their employees to multiple government agencies. It...
Superannuation Choice rules are changing
from 1 November 2021
Background Superannuation contributions are being simplified with the aim of helping employees maintain their superannuation benefits throughout their working life. It means that the employee can be sure that their employers’ contributions will go to one fund of their...
Faith and Finance – Part 3: Emerging from “lockdown syndrome” brings Challenges for our churches
Faith and Finance Part 3 Early in 2020, as we were visiting family in Nashville USA, the world was rocked by a shock that no-one had had any experience to understand. COVID, hit! I mean hit, panic was all around. Churches were dazed, hospitality venues rushed to find...
Change to casual employment laws effective September 2021
This blog is about employee “casual conversion to permanent employment” The time has come to review your organisation’s employment of “casual employees”. Fair Work Australia has confirmed that the changes to employment laws regarding Casual Employees is due to come...
Xero has a great Account Transactions Report
Xero has a great Account Transactions Report It has just been enhanced with even more capability You can customise your Account Transactions Report to suit your search and transaction edit needs The Account Transactions report is one of Xero’s top three most-used...
Thinking about outsourcing your Treasurer or Bookkeeping workload? You are not alone!
What does outsourcing mean for a church or non-profit? How could a church have an external treasurer or bookkeeper? We’ve received inquiries lately about the external treasurer & bookkeeping services. In 2021 this seems to be more obvious than in previous years...
Faith and Finance – Part 2: Foundation
One of the great stories in the annals of the Jewish people is the rebuilding of the Jerusalem Temple after their return from exile captivity in Babylon. Whist there was high drama throughout the years of the rebuilding there was an underlying theme - blessing and...
Cyber security for churches and NFPs
At Benkorp we’re interested in the success of your general IT and not just the accounts and bookkeeping Cyber security is for almost everyone these days - that is, everyone who uses or owns a device that uses the internet. Because bookkeeping and accounting are an...
How to move payroll onto Xero…
As we move to a fresh new financial year it’s time to prepare End of year Payroll. This often highlights issues when you have changed to Xero from another accounting software. Your move to Xero has no doubt made managing the finances easier to manage, however what...