Why don’t we get together over a cuppa and cake and have a chat?
The chat doesn’t have to be restricted to just bookkeeping matters – a wide ranging chat about your business and your life outside of your work gives you the opportunity to be heard and understood – the better we know you, the better we can support the whole you.
Afternoon tea is an important productivity enhancement tool!
The Xero Beautiful Business Fund closes on the 6th October – get your entries in now!
There is more than NZ$750,000 up for grabs. Regional winners will win $20k AUD and if you are 1 of the 4 global winners – another $50k AUD!
There are four categories, you can enter as many categories as you like
Good luck! We’ll be cheering you on!
Owning a small business can be pretty dangerous – submerged rocks, springing a leak, swells, sharks circling, sea legs and scurvy!
At Streamline Management, we shine a light to alert you to the many risks of running a small business.
Mark your calendars
Don’t forget to celebrate being an entrepreneur (someone who develops, organises and runs a business enterprise, accepting risk and uncertainty in order to make a profit – the profit bit is important!)
And sing out if you’d like to join us for afternoon tea!
This month Sydney Women in Accounting Network elected a new committee – Nicole Lynch is responsible for Marketing & Social Media!
What is SWAN?
Sydney Women in Accounting Network is an association to support women in accounting in Sydney to meet, network, connect and socialise.
June quarter BAS is due soon – how soon depends on your lodgement method.
Pinkish paper forms need to be with the ATO by Monday,
if you’ve upgraded to lodge your own BAS online, you’ve got another 2 weeks.
If we lodge it for you, you’ve got another 4 weeks until your payment is due
Wouldn’t it be wonderful to get some free labour from someone who needs experience in your industry?
But before you bring someone into your business make sure you are on the right side of fairwork!
Fairwork says:
Some unpaid work arrangements are lawful and others are not. Depending on the nature of the arrangement, the person doing the work may be an employee and be entitled to be paid the legal minimum rate of pay for the type of work they’re doing, along with other minimum employment entitlements.
Get someone to grab you a coffee and read through the fine print.
If you pay subcontractors, you may need to lodge a Taxable Payments Annual Report (TPAR) by 28th August.
Its a bit like lodging group certificates – no extra payment is required, you just need to report on total payments made during the last financial year.
Small business really is a team sport – you can’t be the manager, pitcher, catcher, batter and cover all the bases at the same time!
Forming a great team of match-fit individuals is necessary. If you’re the batter, recruit the other players. You might think a couple of all rounders will do, but if you don’t know the rules of the game yet – you need seasoned professionals, not more enthusiastic amateurs and playmates.
In any game, you need to play as a team – and that includes you as the business owner. You can’t play a good game on your own.
If your company doesn’t pay super on time for employees (and some subcontractors), directors become personally liable to make the payment.
ATO says: Company directors are responsible for ensuring their company’s tax and super obligations are reported and paid on time.
If your company has an overdue debt, and doesn’t pay the amount owing or make other arrangements, we (ATO) may issue a director penalty notice (DPN).
April – June super must reach the fund of your team on or before 28th July – it takes longer than you think to arrive, so authorise the payment now!
