STP and Payroll Year End 2020

It is that time of year again, where employees want their end of year income and payroll information to lodge their tax returns as quickly as possible! As employers are now required to report Single Touch Payroll (STP) you will have noticed they no longer issue the traditional Payment Summaries.  These are now replaced by what is classified as an ‘Income Statement’ and is accessible via a myGov account.  If…  Read more

Are you ready for payroll year end 2020?

Well, it has been a strange year so far, with the traumas of the terrible bush fires starting 2020 and then of course, the fear and disruption of COVID-19 impacting so many of us. So it is hard to turn the mind to the more mundane tasks that we have to face.  But there is still the financial year end to finish off, which is a bit of a stressful…  Read more

Make the right business decisions – using cashflow forecasts

With the COVID-19 virus, business is facing unprecedented impacts on their trading. Many businesses are having to cope with change and needing to make fast, informed decisions about what they need to do to stay afloat. And the key to staying afloat is having sufficient cash or access to cash when it is needed. There is no point finding out that you are in difficulties after the fact – you…  Read more

8 reasons why you should switch to cloud computing

Don’t be left behind!  Cloud computing is now more the new norm.  Storing information and using software hosted on the Internet has many advantages as opposed to traditional IT solutions. Here are 8 reasons why small businesses are switching to cloud computing. 1. Save money Traditionally, a small business spends money licensing software or buying packages to install or download onto individual computers. Cloud computing, on the other hand, can provide ‘Software as a Service’…  Read more

The Brave New World of Bookkeeping!

From traditional bookkeepers to business advisors Traditional bookkeeping was a matter of recording lots of data and then reconciling it, to make sure it was accurate. With more artificial intelligence (AI) appearing in our accounting software, the traditional role of the bookkeeper is being replaced by automation. At 2 Peas, we embrace the changes to the industry. We see our role changing from being traditional bookkeepers to being advisors to…  Read more