We’re up for a bit of listening, but you really need to know when to not listen.
Tax advice from a salesperson or at a BBQ or from a bar stool is not advice worth listening to.
Sales people want the sale and will tell you any old rubbish to make it happen.
Your mates might be trying to help, but the advice they receive is about them, not you.
Remember to listen to licenced financial experts on World Listening Day.
Group certificates, or STP finalisation – to use the new lingo, must be completed TODAY!
Reconcile payroll accounts (check for payroll tax thresholds while you are there) and submit declarations to the tax office.
Xero has announced the return of the Xero Beautiful Business Fund, backing small businesses for the future.
Regional category winners will win $20k AUD
and if you are 1 of the 4 global winners – another $50k AUD!
Good luck! We’ll be cheering you on!
It’s time to start preparing your June BAS
Using our BAS agent extension – the payment due date is 25th August.
Late lodgement will void any payment plan you have in place with the ATO and you also risk being fined.
We’re celebrating our 27th birthday!
Happy Birthday to us!
That’s a heck of a long time supporting small businesses. Lets take a stroll down memory lane.
If you didn’t pay all of your April – June super early, you’ll need to make sure it reaches employees funds on or before 28th July.
We’re preparing the super for our clients to authorise this week so they don’t get hit with penalties and fines.
The cost of late super is huge – don’t get caught out.
July is a super busy month!
Sounds exhausting! Lets get moving, one step at a time
Superannuation paid on behalf of ALL employees (and some contractors) will increase to 11.5% for payments (bank transfer) on or after 1st July 2024 (regardless of period worked – don’t split super rates for June and July hours worked).
You may wish to review employment contracts.
Contracts with wages including super mean pay goes down as super goes up. And that could make you an unpopular boss in this climate!
You will need to file an annual ‘STP Finalisation’ to the ATO by 14th July. (This replaces providing Payment Summaries/Group Certificates to your staff). Staff will not be receiving any documentation from you.
If any adjustments to payroll are needed jump onto it ASAP, then reconcile payroll accounts and only then submit the finalisation to the ATO.
