staff christmas leave
Don’t forget to create leave requests for the holiday period to keep employee leave balances up to date.
13/12/2024
Don’t forget to create leave requests for the holiday period to keep employee leave balances up to date.
Don’t let an unexpected tax bill spoil Christmas.
Entertainment is the most common type of FBT we see.
(It could also include providing a company car or paying personal bills)
What is considered entertainment? It includes events and/or gifts (at any time of year)
Hackers are targeting small business inboxes and changing bank details on invoices you send out to your customers. To minimise risk, we recommend adding text to your invoice email and/or invoice template.
We’d hate for the wrong people to get your money!
Thinking about rewarding staff with a bonus?
Don’t forget super is likely to apply and you’ll need to use the schedule 5 tax scale to work out the tax to withhold.
If you don’t process and report the payment properly – you can’t claim a tax deduction.
There is a bit to cram in before the gifts are stuffed down the chimney!
We’ll be hosting our final coffee club for 2024, St Nicholas Day marks the official start of Christmas, take a break for a cuppa on International Tea Day, lodge and pay the November IAS before shutting up shop for the year.
Then lots of celebrations!
We’re hosting our last 2024 ABN Coffee Club meeting for bookkeepers on Monday – all bookkeepers are welcome to come along and join in the celebrations.
Sing out if you are interested in being part of the community.
Watch out for the Fringe Benefits Tax (FBT) Grinch ruining the fun for everyone this Christmas!
Read on to find out about nice festive fun that may attract naughty surprise taxes.
October IAS is due – lodge and pay right now!
If you are unable to pay in full, contact the ATO to arrange a payment plan.
Receiptbank has recently introduced Approvals!
No need for additional apps to authorise bill payments, its now included in the app you use and love.
Keen to give it a go? Ask us to help you get started!
Are you looking forward to the Christmas break?
If you are closing your workplace for a week or 2, you’ll need to be across the fairwork rules about shutdowns – check available leave balances and let your staff know now.
