Its not a picnic if you are doing it properly.
Don’t forget you are making a legal declaration to the tax office on behalf of your staff – it needs to be right. Near enough is not good enough.
Once you’ve confirmed the data is correct – it goes straight to the tax office, your staff don’t receive paperwork from you.
Ask us to step in if you’d rather take your bear out for a picnic!
Using our BAS agent extension – the due date is 25th August.
Late lodgement could result in fines, and will void any payment plan you have in place with the ATO, and make it much harder to request another one in future.
Act now!
Please wait until September to make an appointment with your accountant to prepare your tax return.
They say 28 is the new… well, anyway we’re 28 years young and still rocking it!
Cheers to our incredible team (you), here’s to many more years of financial fundamentals!
Any remaining April – June super contributions must be received (by fund) by 28th July, regardless if you pay monthly or quarterly. If you have any concerns about being able to make this payment on time, please contact us now so we can discuss options.Severe penalties will apply for late
Happy New Financial Year!
July is a big month for small business owners – Super goes up to 12% for all wage payments made in July (regardless of period worked), minimum wages increase from the first full pay period in the month, and HECS debt thresholds increase.
Group certificates need to be finalised, super needs to be paid.
And we’re going to be stopping for cake a couple of times this month!
We’re celebrating ourselves, our clients and our ecosystem today!
Make a purchase with a small business and help them wrap up the financial year on a high. More than 95% of Australian businesses are classed as small, so there are plenty of opportunities to support a Micro/Small/Medium Enterprise today.
Did you know Micro Small and Medium Enterprises Day is a United Nationals global event?
This year the theme is ‘Enhancing the role of Micro-, Small and Medium-sized Enterprises (MSMEs) as drivers of Sustainable Growth and Innovation’
Annual ‘STP Finalisation’ needs to be filed with the ATO by 14th July. (This replaces providing Payment Summaries/Group Certificates to your staff.)
Your team will not receive any documentation from you, they will be able to access details in their MyGov account once the finalisation has been completed.
We will reconcile payroll accounts and prepare STP Finalisation report for authorisation to lodge with the ATO in early July for all of our clients.
Keep calm – its only EOFY
End of Financial Year is approaching at full speed!
Keep Calm and work with your team of accounting experts to ensure a smooth ride.
We’ve stared down a heck of a lot of year ends and we’ve got our systems and checklists lined up to do it all over again. Let us know if you’d prefer to sit back with a cuppa and let us manage it for you.
From 1 July 2025, the National Minimum Wage will increase by 3.5%. This means the National Minimum Wage will be: $948 per week, or $24.95 per hour.
Unfortunately you can’t set up or review the new award rates yet, they are usually only available just in time for payday.
Every single week is a rollercoaster when you are a small business owner. (Sometimes it feels more like a haunted railway!)
It takes a lot of energy to power a rollercoaster – up, down, loop de loop, corkscrew barrel rolls, dark tunnels and sharp unexpected turns.
So now that you are onboard, strap in! We’ll join you on the wild ride!
