March BAS – Lodge and pay now!
Today is the last possible day for on time lodgement of your March BAS using the agent extension. Any March BAS lodged after today risks a late lodgement fine.
26/05/2021
Today is the last possible day for on time lodgement of your March BAS using the agent extension. Any March BAS lodged after today risks a late lodgement fine.
If your March BAS is ready – Lodge!
If you cannot pay in full – arrange a payment plan with the ATO.
Even if you can’t pay the BAS, it is important to lodge on time – late lodgement could result in fines. And those fines escalate for habitual offenders.
Payment plans can be created using an automated phone service – you don’t have to explain yourself to a human.
Lodge now!
What time is it?
It’s 5 minutes to midnight!
If your agent lodges on your behalf – the March quarter BAS is due 26th May – will you be ready?
If you still need to send missing source documents or respond to questions – act now!
Time to lodge and pay your April IAS – today is the last minute.
If you cannot make the payment in full – contact the ATO to arrange a payment plan.
To qualify for a tax deduction in the 2021 financial year,
or
if you are managing your super cap, super contributions must be received (by fund) by 30th June
The usual deadline of 28th July still applies for June quarter super if you are not chasing the tax deduction or maximising your super cap.
What if you’ve lost your mojo?
If you are a small business owner, you’re probably fully aware that DIY bookkeeping causes stress!
Who can you speak to about your business? Your bookkeeper knows all about your business and probably a fair bit about you too! Ask questions, discuss your vision and work together to find better ways to do things. BAS agents work with other businesses with similar issues, they’ve seen the good, the bad & the ugly. Take the time for a chat before small business stress overwhelms you.
If you are upgrading your phone to something a little more modern – you’ll need to transfer your 2 step authenticator BEFORE you lock yourself out of all your cloud apps!
Ask us for help so you don’t temporarily lose access to xero.
The 2021 bugdet has been handed down – but has not yet been enacted into law.
The government has announced:
The demand-driven program is expected to support more than 170,000 new apprentices and trainees by paying businesses a 50 per cent wage subsidy over 12 months for newly commencing apprentices or trainees signed up by 31 March 2022. The subsidy will be capped at $7,000 per quarter per apprentice or trainee.
We hear small business owners says they are bad at maths or ‘numbers idiots’. You’ll need some basic knowledge of the numbers in your business, start with the fundamentals and build on that as you get comfortable.
Small Business Maths 101: Income – Expenses = Profit
What are your 3 wishes for your business world? If you had a genie, what would you ask for?
More hours in the day?
Staff? (the hard working reliable kind)
More income?
