Yoyo Day
Small business owners – do you ever feel like a yoyo?
Round and round in circles.
Constant up and down.
06/06/2022
Small business owners – do you ever feel like a yoyo?
Round and round in circles.
Constant up and down.
Single Touch Payroll (STP) 2 is coming
What do you need to do?
Nothing right now, your accounting software will do most of the work in the background – Xero has an extension to December 2022, so there is plenty of time to transition.
Sit Tight Please (STP).
Are you ready?
You can’t make sensible decisions without data.
Bring your data file up to date and respond to your bookkeepers questions.
Don’t spring last minute questions on your experts – schedule a meeting with plenty of notice!
To qualify for a tax deduction in the 2022 financial year, or if you are managing your super cap, super contributions must be received (by fund) by 30th June.
Payments need to be authorised before 14th June to meet the deadline.
The usual final deadline of 28th July still applies if you decide not to pay early.
If you are trying to make the most of super caps – you need to be aware of what a valid salary sacrifice looks like.
Have you gotten yourself into a bit of a muddle and are frightened to ask for help for fear of looking like a fool?
Relax – we’ve seen some real doozies.
You might be a few years behind, have incomplete records, perhaps you aren’t really sure how GST works, or don’t know much about managing a team of workers – none of that shouldn’t stop you from reaching out for assistance.
We’ve been helping small business owners straighten out their records and get systems in place since 1997. We can help you too.
If you haven’t already, remember to e-sign your March BAS to avoid any late lodgment fines.
If you are unable to pay in full, contact the ATO on 13 72 26 to arrange a payment plan.
Some of our clients say ‘I’m really not good with numbers’ or a blunt ‘I’m a numbers idiot’.
If numeracy isn’t your favourite part of running your business, call us for a chat.
Working from home is now kinda normal, but as an employer what do you need to be aware of?
What are you responsible for? How do you protect your team? What support or equipment might they need?
Your responsibilities to protect your team still apply, even if you can’t see them.
See what Safe Work Australia says you need to be aware of.
How much fun is owing a small business??!
Sometimes small business owners forget they are not the company – it is a separate entity. That means money in the company bank account is not your money.
What if I want some more money – what should I do?
Speak to your expert!
there are a few options and they have different tax consequences, you’ll need to budget for tax payable.
The tax office has produced a fact sheet to give you a basic overview.
What keeps you up at night?
Is it worrying about remembering & being able to pay your bills on time?
Cashflow forecasting can help you keep on top of upcoming bills and projecting your bank balance into the future.
