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Single Touch Payroll Phase 2 (STP 2) and Xero updates so far

Single Touch Payroll Phase 2 (STP 2) and Xero updates so far

by Cecil Benjamin | May 27, 2022 | Church finance services, Churches, Financial Management, Payroll

This year, the ATO has begun the implementation and collection of data via STP 2.  STP 2 is the next step on the STP reporting journey:  STP1 has been the process of reporting employees’ taxes and super to the ATO, STP 2 expands the program to capture more detailed...
Benkorp can customise our services for you

Benkorp can customise our services for you

by Jeanette Korporaal | Apr 1, 2022 | Church finance services, Churches, Financial Management, Not For Profit, Payroll, Systems, Xero

I’d like to share with you how we can work together to assist the treasurer in the financial management of your church or organisation.  One of those ways is by providing bookkeeping and accounting services.  We’ve worked with churches and NFPs for decades in a...
Preparing for STP Phase 2 (Single Touch Payroll 2)

Preparing for STP Phase 2 (Single Touch Payroll 2)

by Jeanette Korporaal | Nov 19, 2021 | Churches, Financial Management, Payroll, Xero

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...
How to move payroll onto Xero…

How to move payroll onto Xero…

by Cecil Benjamin | Jul 7, 2021 | Churches, Financial Management, Payroll, Systems, 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...
ARE YOU READY FOR Payroll Year end & STP Finalisations?

ARE YOU READY FOR Payroll Year end & STP Finalisations?

by Jeanette Korporaal | Jun 7, 2021 | Churches, End of Year, Financial Management, Not For Profit, Payroll

Payroll Year end & STP Finalisations + Register for Live webinar on how to Process EOFY payroll in Xero June 30 is almost here and the STP Finalisations must be finalised and submitted to the ATO by 14th July. Here are some tips to help you get ready and to...
Annualised Wages or Salaries – the new principle in 2020 – an update for the COVID-19 period

Annualised Wages or Salaries – the new principle in 2020 – an update for the COVID-19 period

by Jeanette Korporaal | Jul 7, 2020 | Churches, Covid 19, Financial Management, Payroll, Risk

The basic principle is that “each employee’s annual wage is high enough to cover the award entitlements” Many churches have people working on their staff who fall under the Clerks—Private Sector Award. On the 1st March 2020 the Fair Work Commission introduced a major...
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