As many of you may have heard already, the ATO is currently rolling out their Single Touch Payroll (STP) reporting system. All businesses will be required to report each payroll run to the Tax Office. Businesses with 20 employees or more are already on this system, and smaller businesses will need to be STP compliant by 1 July 2019.
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Xero
Compulsory Two-Step Authentication Coming Soon
Today Xero notified all advisers that all Xero users will be prompted to set up Two-Step Authentication (2SA) by Friday November 23, 2018. This is in response to the ATO mandate earlier this year.
Most cyber attacks are easily avoided
No one wants to think about cybersecurity, but the reality is that one in four small businesses experienced a cyber attack or hacking attempt in Australia and New Zealand in 2017*. Nearly all data breaches start with compromised passwords – and can be easily avoided.
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