Happy Birthday to us!
We’re celebrating our 26th birthday!
Happy Birthday to us!
That’s a heck of a long time supporting small businesses. Lets take a stroll down memory lane.
04/07/2023
We’re celebrating our 26th birthday!
Happy Birthday to us!
That’s a heck of a long time supporting small businesses. Lets take a stroll down memory lane.
There are alot of changes taking effect from 1st July 2023, we’ve prepared an overview for you.
Super goes up on all wage payments made to staff on or after 1st July.
Minimum wages are rising for the first Full pay period from 1st July.
Paid Parental Leave is changing too.
Here’s a summary of our Top 5 apps for trades
We’ve partnered with these apps, we reckon they are ace.
Ask us for a personalised demo if you’d like to know more.
The Instant Asset Write-Off will replace Temporary Full Expensing on 1st July 2023.
ATO says: Small businesses will be able to immediately deduct the full cost of eligible assets costing less than $20,000 that are first used or installed ready for use between 1 July 2023 and 30 June 2024.
Ask your tax agent to explain how to apply the rules to your situation, they are the only people who can legally advise you about tax deductions. And speak to them before you commit yourself and your business to large expenses.
This retrospective legislation finishes this week.
However, you can claim expenses you’ve already paid in running your business.
What does the ATO mean by ‘technology’? its pretty broad.
Its June, so no doubt your staff are asking you about their group certificates (now called STP finalisation).
No so fast! Calm your farm!
Reconciliations need to be completed to make sure all payroll info is correct before submitting anything to the ATO.
You do not provide any documents to staff, everything is online.
We’re seeing reports of scam emails with fake payslips for employees.
The easiest way to prevent employees clicking on hoax emails (and scammers getting access to your system), is not to send payslips by email.
XeroMe is available, for free, for all employees. They can access payslips, submit leave requests and check annual leave balances, and submit timesheets (if you use them).
Ask us to get you and your team setup.
Superannuation paid on behalf of all employees will increase to 11% for wage payments made (bank transfer) on or after 1st July 2023 (regardless of work period).
Some contractors may be considered employees for super purposes and be entitled to super at the new rate.
Got questions? Contact us.
If you are managing your super cap or maximising tax deductions by paying super a little earlier – you’ll need to authorise the xero payment now. Right now!
If you aren’t chasing extra deductions as you haven’t got much of a profit or the super cap isn’t on your radar – as you were. Make payment by the standard due date 28th July.
Email, how did we ever live without it?
How do we live with it?
Have we taken the convenience too far? Do we send things willy nilly?
Email hacking is incredibly common and it may be months before we realise we’ve been compromised. To lower risks, what should we keep out of emails?
