Blogs

Qualities To Look In Your Outsourced Accountant

Our staff of accountants at Mundy Solutions are professionals with a minimum of bachelor’s degree. Surprisingly, the term ‘Bookkeeper’ does not exist in India as it does in Australia and many other countries. They are all known as Accountants in India. Adept in various accounting software's, they have been using software's such as tally for over two decades now, but still in India, the minimum qualification for bookkeeping jobs, otherwise called accounting work, is a degree in accounting and finance. The accountants are in ample supply there, makes India number 1 destination for outsourcing your bookkeeping and accounting needs.

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What Your Business Needs To Know About Single Touch Payroll

What Is Single Touch Payroll (STP) Single Touch Payroll (STP) is a recent initiative of the Australian Government that changed the way of reporting payroll activities of the businesses to the Australian Taxation Office. Under this system, businesses must submit their employee payroll information report, including salary, wages, PAYG withholding and superannuation, digitally, using a specific format known as SBR (Standard Business Reporting) to the ATO after each pay day.

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