From 1 July 2023, the new National Minimum Wage will be $882.80 per week or $23.23 per hour.
The new National Minimum Wage will apply from the first full pay period starting on or after 1 July 2023.
Awards are being updated soon, you may need to update your workplace agreements to ensure they are not below the new minimums.
Here’s a summary of our Top 5 apps for professional services businesses.
We’ve partnered with these apps cos we love to use them in our business.
Ask us for a personalised demo if you’d like to know more.
Put some money aside and keep an eye out for the IAS for you to e-sign – its due on Wednesday 21st June.
Don’t get fined for late lodgement!
Behind with ATO lodgements? You’re being given a Get Out of Jail Free card.
Small Businesses can lodge late BASs and tax returns without being hit by late lodgement fines.
What fraud risks should you be worried in your small business?
It’s not just people on the outside trying to get it, the people inside your team can be a big risk too.
Do your internal controls need reviewing?
See our hazard checklist here
Don’t go making crazy purchases without reviewing where you are at, and speaking to your tax accountant. EOFY deals are great for salespeople trying to meet their commission targets, they might not really benefit you and your business.
Review your position
You can’t make sensible last minute decisions without data.
Take a look at your bottom line – before hitting the shops.
The end of the financial year is nigh, now is the time to prepare yourself. Make sure you take advice from licenced professionals.
Monika will highlight Big Risks for Small Businesses – Top 10 Accounts Vulnerabilities.
Alleviate your worries and attend this months breakfast seminar
Places are limited for the Lindfield office so please book early.
To qualify for a tax deduction in the 2023 financial year,
or
if you are managing your annual super cap,
super contributions must be received (by fund) by 30th June.
Payments should be authorised in Xero by 14th June to meet the deadline.
The usual final deadline of 28th July still applies if you choose to not make an early payment.
Don’t get caught up in the hype. Making big purchases for tax benefits may not benefit your business. There, we said it.
Read the fine print and understand the rules (or speak to someone who is licenced to explain the rules to you).
Don’t forget the salesperson would love to meet sales targets and get paid a big fat commission, but they are not licenced to give you tax advice.
Taking on lots of finance to shaft the ATO could cost you a lot more than you think!
Have you had a dental checkup recently? Small business owners may find themselves grinding their teeth!
This won’t hurt a bit!
Last night the federal budget was announced.
It still needs to be legislated before any proclamation becomes law. While you wait, speak to your licenced expert about your small business and start planning how you can take advantage of initiatives that may benefit you.
Possible benefits for small businesses….
