Grants for NSW businesses
Finer details are not currently available
Click through for infographic for what we do know for now
Speak to your licenced expert for advice on your situation
15/07/2021
Finer details are not currently available
Click through for infographic for what we do know for now
Speak to your licenced expert for advice on your situation
Government grants just announced – very little detail available at the moment
New grants program for micro businesses
‘Jobsaver’ employee retention scheme providing cashflow support to businesses to help them retain staff.
An extension to the previously announced business grants
Speak to your licenced expert about your business situation and to keep up with unfolding details
Disgruntled workers aren’t great in your business, but how do you keep your workers gruntled?
Are they wanting flexible working conditions?
When granting flexible options for your team – make sure you are not up for unexpected extra costs.
Do several members of your family have the same taste in work clothes because you work together in a family business?
From 1st July 2021 the exemption for businesses to regularly report wages for closely held employees (owners/directors/shareholders & their family members) is being removed.
Single Touch Payroll (STP) reporting for closely held employees must be at least quarterly, declaring a wage as at 30th June each year will no longer be acceptable.
We all tell small white lies, however it is really important to be honest with your advisors so they can do the best possible job for you and your business.
There is no need to be embarrassed, we’ve seen it all before and we know how to keep secrets – its our job!
Remember to tell us the truth, today and every day – don’t be a Pinocchio lookalike!
Don’t forget superannuation paid on behalf of all employees (including owners/directors) has increased to 10% for wages paid (bank transfer) on or after 1st July 2021 (based on payment date not period worked).
Annual concessional super contribution caps have increased to $27,500 for the 2021/22 financial year.
It’s time to start preparing your June BAS
Time to tuck some funds aside and make sure everything is uploaded to Receipt Bank so we can get to work.
Using our BAS agent extension – the due date is 25th August.
I forgot is not something you want to be saying often about compliance deadlines!
Remember how Group Certificates / Payment Summaries have been phased out and Single Touch Payroll (STP) has taken over?
Its now time to reconcile your payroll accounts and finalise income statements for your employees. You have until 31st July 2021.
Have we mentioned super lately??
Any remaining unpaid April-June super contributions must be received (by fund) by 28th July. If you paid everything early, scroll on!
Penalties will apply for late payments.
