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Improved W1 tax code handling in QBO journals

Improved W1 tax code handling in QBO journals

2 minute read | By Phil Bernie

One of  the great things about the integration between KeyPay and QuickBooks Online is how simple it makes preparing your BAS by correctly allocating the W1 and W2 tax codes when posting journals. One limitation around the W1 reporting was that when pre-tax deductions that… Read More

Medicare Levy Exemptions now supported in KeyPay

Medicare Levy Exemptions now supported in KeyPay

Posted 4 months ago | By Dimitra Karas

Employees eligible for a Medicare levy exemption have previously had to wait till tax return time to recoup the extra tax paid throughout the financial year. This is no longer the case! You can now apply the Medicare Levy exemption or reduction setting against an… Read More

End of Financial Year 2016/17 Resources

End of Financial Year 2016/17 Resources

Posted 5 months ago | By Garth Belic

It is amazing how far technology has come to make the End of Financial Year process more efficient for businesses and their advisers. It doesn’t seem like that long ago that I was lining up at the ATO office to get the latest payment summary stationery,… Read More

Tax codes and multi-line item expense requests

Tax codes and multi-line item expense requests

7 minute read | By Phil Bernie

One of the most popular enhancements we’ve recently released has been the ability to add expense claims via the employee portal. Since expense claims launched, we got a lot of great feedback and we’re happy to announce that our latest release addresses the two most… Read More

Working holiday maker PAYG changes from 1st January 2017

Working holiday maker PAYG changes from 1st January 2017

2 minute read | By Paul Duran

The ATO has passed legislation that , from 1st January 2017, Working Holiday Makers are now entitled to a 15% tax rate for earnings up to $37,000 per year. Please note that the business is also required to register once with the ATO as an… Read More

SuperStream compliance just got even easier with KeyPay

SuperStream compliance just got even easier with KeyPay

2 minute read | By Phil Bernie

Since KeyPay became a gold certified SuperStream product, we’ve helped thousands of businesses transition to becoming fully SuperStream compliant through our ClickSuper integration. Unfortunately, there are still a large number of small businesses that use KeyPay that aren’t SuperStream compliant. The ATO has also made it… Read More

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