by Jeanette Korporaal | Jul 2, 2019 | Churches, Financial Management
It might sound strange but the preparation for Audit or Assurance Review must be centred around the Balance Sheet. The procedure here Is to have a systematic review of the Balance Sheet.Therefore, to prepare for your audit or assurance review, the main tasks are to:...
by Jeanette Korporaal | Jun 19, 2019 | BAS, Churches, Payroll, Xero
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...
by Jeanette Korporaal | Jun 19, 2019 | Churches, Payroll
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...
by Jeanette Korporaal | Jun 19, 2019 | Auditing, Churches, Xero
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...
by Jeanette Korporaal | Jun 19, 2019 | Churches, Payroll
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...
by Jeanette Korporaal | Jun 19, 2019 | Churches, Payroll, Xero
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...
