Australian Accounting & Payroll in Vietnam

Australian Accounting & Payroll in Vietnam Learn Australian Accounting & Payroll in Vietnam. Find out more: www.cmpca.com.au

CM Partners is a well-respected chartered accounting firm with a focus on embracing the best new technology to ensure fast, accurate, efficient, and hassle-free advice.

Have a lovely Sunday guys!
25/04/2021

Have a lovely Sunday guys!

20/01/2021

****** JUNIOR PAYROLL OFFICER - NEEDED *******
WWW.CMPCA.COM.AU
We are a Sydney based Chartered Accounting practice that has clients all over Australia and requires team members to be a part of our company to build and grow with us.
- Working location: No.2 Street, Lang Bao Chi, Thao Dien, District 2, HCMC.
- Working time: 8AM - 5PM (Mon-Fri)
- Company Field of Business: Accounting, Payroll, Consulting Service in Australia

1. Key Accountabilities:
- Follow-up, collect and allocate payments related to wages & salary
- Investigate clients’ concerns & queries and resolve them
- Investigate and solve payment discrepancies related to wages & salary
- Generate and follow up regularly Payroll documents in accordance with clients’ requirements and Australian laws.
- Any other duties requested by the Senior Payroll and/or HR manager.

2. Reports to: Reporting directly to a Senior Accountant/ HR manager (either in Vietnam or Australia)

3. Requirements:
- Public Practice
- We will provide Training to operate and use Xero accounting software.
- Training to operate Xero payroll
- Training in accounting administration and secretarial matters.
- Commercial – Have some experience

4. Salary: Competitive - Negotiable
Please send your CV via email: [email protected] as soon as possible.
Thank you for your interest.

WHAT IS A SELF-MANAGED SUPER FUND?+ Multi-member fundTo comply with the law an SMSF must meet the following criteria:• H...
20/01/2021

WHAT IS A SELF-MANAGED SUPER FUND?

+ Multi-member fund
To comply with the law an SMSF must meet the following criteria:
• Have four or less members
• Each member of the fund must be either an individual trustee, or a director of the corporate
trustee
• If the trustee of the fund is a company, also known as a 'corporate trustee', then each
director of the company must be a member
• No member of the fund can be employed by another member of the fund unless those two
people are related
• The trustees of an SMSF are responsible for running the fund and cannot receive any remuneration for performing this role.

+ Single-member funds
It is possible to set up an SMSF with only one member.
If this fund has a corporate trustee, then the member must either be:
• The sole director of the corporate trustee
or
• one of only two directors of the corporate trustee, where the member is not an employee of
the other director, unless the two are related.

Alternatively, you can have a single-member SMSF with two individual trustees - the member and
one other individual, provided the member is not a non-relative employee of the other trustee.

Source: https://www.wealthadviser.com.au/
Photo: The SMSF Coach

Self-managed super fundsSelf-managed super funds (SMSFs) are a way of saving for your retirement.The difference between ...
15/01/2021

Self-managed super funds

Self-managed super funds (SMSFs) are a way of saving for your retirement.

The difference between an SMSF and other types of funds is that the members of an SMSF are usually also the trustees. This means the members of the SMSF run it for their benefit and are responsible for complying with the super and tax laws.

What is really involved?
+ When you first set up, you need to:
- Decide on fund members and trustees
- Establish the trust and trust deed
- Set up a bank account
- Register with ATO
- Create your Investment strategy
- Include a plan when SMSF ends

+ Once setting up:
- Rolling over of existing super
- Organizing employer contributions
- Accepting contributions within limits
- Making investment without breaking rules
- Regularly reviewing the investment strategy
- Documenting and maintaining records for up to 10 years

+ Then each year you need to:
- Value assets
- Prepare Account & Financial Statements
- Appoint a registered Self-managed super fund auditor
- Lodge the annual return
- Pay the Self-managed super fund Levy and any Tax that's due

+ When you start making payments, you need to:
- Decide if any asset needs to be sold
- Ensure minimum payments are met each year
- Appoint an Actuary
- Withhold Tax
- Give payment summaries to members as well as the ATO

+ When the fund is finished, you need to:
- Get a final audit
- Lodge your final return
- Pay any outstanding tax
- Payout or rollover all of the assets.

Source: https://www.ato.gov.au/smsf
Photo: Moneysmart.gov.au

⛄️⛄️⛄️ Feeling charitable this festive season? ☃️😇💸⛄️Whether you’re digging deep to support a charity or dropping five b...
22/12/2020

⛄️⛄️⛄️ Feeling charitable this festive season? ☃️😇💸⛄️
Whether you’re digging deep to support a charity or dropping five bucks into a donation bucket, it’s important to hang onto those receipts!
If your donation is of $2 or more and made to a deductible gift recipient (DGR), you may be able to claim a deduction next tax time.
For more info and to check if your donation is eligible, head to http://www.ato.gov.au/.../other.../gifts-and-donations☃️⛄️⛄️⛄️

MONTHLY GST REPORTINGIf your GST turnover is $20 million or more, you must report and pay GST monthly and lodge your act...
27/11/2020

MONTHLY GST REPORTING
If your GST turnover is $20 million or more, you must report and pay GST monthly and lodge your activity statement electronically through the Business Portal.
If you report and pay monthly, you use one of two reporting methods:
- Full reporting method
- Simpler BAS reporting method – if your business has a GST turnover of less than $10 million.

QUARTERLY GST REPORTING
If your GST turnover is less than $20 million and we haven't told you to report GST monthly, you can report and pay GST quarterly.
If you report and pay quarterly, you use one of three reporting methods:
- Full reporting method
- Simpler BAS reporting method
- GST installments method (pay quarterly and report annually)

ANNUAL GST REPORTING
You are registered for GST and your turnover is under $75,000 (or $150,000 for not-for-profit bodies).
If you report and pay GST annually, you use the Simpler BAS reporting method. The full reporting and instalment methods are not available.

Source: https://www.ato.gov.au/Business/GST/Lodging-your-BAS-or-annual-GST-return/Options-for-reporting-and-paying-GST/
Photo: Hooper Accountants

20/11/2020

GST-free sales

GST-free sales are sales where GST is not payable, but you may claim GST credits for purchases relating to these sales.
When completing your BAS you must report GST-free sales at G1 Total sales.

A list of GST-free sales:
- Fresh food: Most basic foods and beverages, subject to certain exceptions.
- Medical and health: Most medical, health and care services, medicine and eligible medical aids and appliances.
- Education: Most education courses, course materials and related excursions or field trips.
- Childcare: Eligible childcare services
- Exported goods and services
- Sale of business: https://www.ato.gov.au/business/gst/when-to-charge-gst-(and-when-not-to)/gst-free-sales/

Source: www.ato.com.au

Address

Road No. 2 Lang Bao Chi, Thao Dien
Ho Chi Minh City

Opening Hours

Monday 08:00 - 05:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 17:00

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