Featured Posts

<< >>

Ep 43: Interview: STP and Super

Share

Please note this show is for our Australian listeners only.

In this special episode we interview Pauline Pickering, director of Globe Accounting and small business accounting specialist on the new Australian Single Touch Payroll system, and the superannuation guarantee, and discuss any issues there may be for VAs.

The Single Touch Payroll system (STP) may affect some VAs who pay themselves a wage or who have family members assisting them from time to time they are paying. And did you know if you are a sole operator structure you can’t pay yourself a wage? Instead you’ll take drawings.

A recent VA blog post raised the issue that VAs are eligible for superannuation so we discuss this with Pauline and whether this allegation is actually accurate or the information shared is oversimplifying things. Note, if you operate as a company, trust or partnership structure the superannuation guarantee legislation does not apply to you.

(As this episode is an interview recording the audio quality is slightly different to previous shows.)

© Lyn Prowse-Bishop – The Virtual Business Show

Reference Links:

Globe Accounting Pty Ltd

Globe Accounting Facebook

ATO – Single Touch Payroll

ATO – Contractor example for employers

ATO – Superannuation entitlements for contractors

ATO – Employee or Contractor Table

ATO – Contractor v Employee Decision Tool

ATO – Superannuation Eligibility Decision Tool

STP Solutions Vendors:

Xero

Easy Payslip (free trial)

Lightning Payroll (free trial)

Reckon (3 variations)

CloudPayroll MICRO (free trial)

ePayroll Micro (free trial)

GovReports (free trial)

Ep 42: Offshore Freelancers: What Clients Need to Know

Share

We continue our offshore freelancer series with this episode focused on helping clients understand the differences between local and offshore support, and highlight some of the things you might not have thought about when choosing the offshore option – including a breakdown of a real life example of one outsourcing company’s costs.

(Please note: This podcast refers to the Trans-Pacific Partnership Agreement – this agreement is now defunct after the US withdrew, and was replaced by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) of which China is not a member.)

© Lyn Prowse-Bishop – The Virtual Business Show

(Image: kiwiqa.com)

Reference Links:

History of the VA Industry

Outsourcing Company Ad

Outsourcing Company Costs

Episode 41: Offshore Freelancers

Ep 41: Offshore Freelancers – Why you needn’t worry!

Share

Offshore freelancers aren’t new – and they aren’t going anywhere.

There is still some fear locally surrounding offshore “VAs”. If you buy into that fear, you will always view freelancers from emerging economies as a threat to you and your business.

Nothing could be further from the truth!

© Lyn Prowse-Bishop – The Virtual Business Show

(Image: kiwiqa.com)

Ep 40: Changes

Share

Something all business owners need to face from time to time is change.

As Greek philosopher Heraclitus said: “The only constant in life is change”.

How you respond to those changes will determine your success – or failure – in business.

Shows referenced:

Business Peaks and Troughs

© Lyn Prowse-Bishop – The Virtual Business Show

Ep 39: Should Cost of Living Count?

Share

We hear it a lot when there are discussions around VA rates. That your cost of living should factor in … but how much of a role should it really play?

References:

Starting a Business in Vanuatu

Other shows about rates:

What Do I Charge

Let’s Talk About Rates

Worth v Value

© Lyn Prowse-Bishop – The Virtual Business Show

Ep 43: Interview: STP and Super

Share

Please note this show is for our Australian listeners only.

In this special episode we interview Pauline Pickering, director of Globe Accounting and small business accounting specialist on the new Australian Single Touch Payroll system, and the superannuation guarantee, and discuss any issues there may be for VAs.

The Single Touch Payroll system (STP) may affect some VAs who pay themselves a wage or who have family members assisting them from time to time they are paying. And did you know if you are a sole operator structure you can’t pay yourself a wage? Instead you’ll take drawings.

A recent VA blog post raised the issue that VAs are eligible for superannuation so we discuss this with Pauline and whether this allegation is actually accurate or the information shared is oversimplifying things. Note, if you operate as a company, trust or partnership structure the superannuation guarantee legislation does not apply to you.

(As this episode is an interview recording the audio quality is slightly different to previous shows.)

© Lyn Prowse-Bishop – The Virtual Business Show

Reference Links:

Globe Accounting Pty Ltd

Globe Accounting Facebook

ATO – Single Touch Payroll

ATO – Contractor example for employers

ATO – Superannuation entitlements for contractors

ATO – Employee or Contractor Table

ATO – Contractor v Employee Decision Tool

ATO – Superannuation Eligibility Decision Tool

STP Solutions Vendors:

Xero

Easy Payslip (free trial)

Lightning Payroll (free trial)

Reckon (3 variations)

CloudPayroll MICRO (free trial)

ePayroll Micro (free trial)

GovReports (free trial)

Ep 42: Offshore Freelancers: What Clients Need to Know

Share

We continue our offshore freelancer series with this episode focused on helping clients understand the differences between local and offshore support, and highlight some of the things you might not have thought about when choosing the offshore option – including a breakdown of a real life example of one outsourcing company’s costs.

(Please note: This podcast refers to the Trans-Pacific Partnership Agreement – this agreement is now defunct after the US withdrew, and was replaced by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) of which China is not a member.)

© Lyn Prowse-Bishop – The Virtual Business Show

(Image: kiwiqa.com)

Reference Links:

History of the VA Industry

Outsourcing Company Ad

Outsourcing Company Costs

Episode 41: Offshore Freelancers

Ep 41: Offshore Freelancers – Why you needn’t worry!

Share

Offshore freelancers aren’t new – and they aren’t going anywhere.

There is still some fear locally surrounding offshore “VAs”. If you buy into that fear, you will always view freelancers from emerging economies as a threat to you and your business.

Nothing could be further from the truth!

© Lyn Prowse-Bishop – The Virtual Business Show

(Image: kiwiqa.com)

Ep 40: Changes

Share

Something all business owners need to face from time to time is change.

As Greek philosopher Heraclitus said: “The only constant in life is change”.

How you respond to those changes will determine your success – or failure – in business.

Shows referenced:

Business Peaks and Troughs

© Lyn Prowse-Bishop – The Virtual Business Show

Ep 39: Should Cost of Living Count?

Share

We hear it a lot when there are discussions around VA rates. That your cost of living should factor in … but how much of a role should it really play?

References:

Starting a Business in Vanuatu

Other shows about rates:

What Do I Charge

Let’s Talk About Rates

Worth v Value

© Lyn Prowse-Bishop – The Virtual Business Show