Did you know the June BAS has 3 different due dates depending on the lodgement method?
Regardless of method – on time lodgement is important – fines can be imposed for late lodgement.
Even if you can’t pay the BAS – you’ll be better off lodging to avoid fines, you can make a payment plan while times are tough.
This is now open and applications close on 18 October 2021 – if you can survive a little longer you may be better to wait – we are expecting more info to be released in the coming days.
This is in pilot mode – even Service NSW know there are still kinks to be ironed out!
Applications close on 18 October 2021 – if you can survive a little longer you may be better to wait – we are expecting more info to be released in the coming days.
Watch out for tax advice parrots!
So far we haven’t met a licenced parrot, have you?
Speaking to your licenced tax advisor about your situation is the only sensible way to manage your tax position.
Parrots are known for flying in, making a lot of noise, crapping on everything and flying off again. Watch out for parrots this end of financial year!
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!
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.
Hats off to the admin professionals of the world!
Is the thought of admin giving you chills?
Were you surprised when you discovered just how much is involved in running a business? (if you are not surprised – you haven’t discovered all of your responsibilities yet).
Bookkeeping is not just admin, it is no longer all about data entry and document storage – there are apps for that (followed by a shredder).
Did you know the March BAS has 3 different due dates depending on the lodgement method?
Regardless of method – ontime lodgement is important – the ATO can fine you.
Not enough ready cash? Lodge anyway to avoid fines and make a payment plan.
It’s time to start preparing your March BAS.
Time to tuck some funds aside and make sure everything is reconciled.
The BAS due date is 25th May (using our agent extension).
Tomorrow Practice Ignition will announce their Top 50 Women In Accounting from all of the worthy nominees – congratulations to all of you, someone took the time to recognise you and put your name forward.
Our Nicole and a number of our industry friends have been nominated again (3rd year in a row for Nicole)!
