The December BAS was due on the 28th February – because that was a weekend, you got an extension – until today.
Make sure you lodge on time to avoid fines and if you are unable to pay in full, make a payment plan with the ATO.
Late lodgement may incur a fine ($330 – $1650) from the ATO and will void any current payment plan and make it much harder to request a new plan in the future.
March at a glance. Your monthly roadmap for compliance and celebrations is here.
Whether it’s Employee Appreciation Day or the February IAS deadline, make sure these dates are in your diary.
Need help to keep up? Ask us to take the wheel.
Make sure you’ve lodged your January IAS if you report to the ATO monthly.
You also need to make payment or arrange a payment plan.
(Don’t forget the December BAS is due in a week)
How is the powergrid in your business looking?
Are you plugged into a fast charger or are you trying to run your entire business on a single AA?
Do you fear your staff starting to leak acid as their leave balances are too high? Encourage them to take the time to recharge and reduce your liabilities.
Don’t forget about real batteries – carefully dispose of the old tech you might have lying around your office 📱 💻 📷 ⌚️ 🔦 🎧 🕹 🖥 🚗
Don’t wait for a blackout – book a long weekend off, a delegate a mentally draining task and save your energy for the important stuff – making sales and delivering services to your clients.
It’s only mid February, and if you are already down to 1% – ask us about our uninterrupted power supply accounts department services.
Its Employee Legal Awareness Day and awareness is important for small business owners.
When it comes to the law, what is an employee? And who can be a contractor?
Don’t forget that super may still apply for genuine contractors if they are principally supplying labour.
We’ve googled to bring you the important bits from various government departments.
To follow the law, businesses need to make sure they aren’t treating employees as contractors – it’s not as simple as whether or not they have an ABN or send invoices.
You are responsible for classifying your worker for tax and super purposes and you need to get it right. If you make an incorrect decision, you may face penalties.
Surely everyone thinks perfectly balanced accounts are just as satisfying as a completed Lego set?
We’re celebrating International Lego Day by doing what we always do, putting things in the right boxes.
Lego – sorted by brick size and colour
Your Accounts – sorted by ‘actually deductible’ and ‘yeah, nah’.
If you feel like you are building 10307 Eiffel Tower without the instruction manual, sing out – we’ll help you snap the final pieces in place.
Don’t forget to record staff leave and keep balances up to date.
– Keep records of when staff are at work or not at work for liability (workers comp) purposes.
– You must provide leave balances to employees in a timely matter to staff Fairwork compliant.
– Large balances might result in a request from a team member for a very long holiday – could you cope without them for a long period?
– Unused leave is a liability in your accounts – if an employee leaves, you’ll need to pay it out, so its best to know where you stand.
Back to school and back to work – let us know if staff leave needs to be updated.
It’s time to start preparing your December BAS
Late lodgement could result in fines, and will void any payment plan you have in place with the ATO, and make it much harder to request another one in future.
Act now!
As a small business owner, you might have expected to wear a crown befitting your royal status.
Turns out you have to wear a whole bunch of hats, some of them are really uncomfortable.
If you want to take back the crown – we look quite fetching in a number of hats, ask to borrow our noggins.
