We need to lodge your March quarterly BAS by 25th May or you risk being fined by the ATO.
This the first BAS the ATO cashboost stimulus applies to.
The sooner we lodge, the sooner you receive the credit!
The JobKeeper portal is expected to open on Monday.
You can enroll when you become or are about to become eligible (this could be in anytime between now and September).
Ask your BAS or Tax agent for assistance.
In uncertain times it can be hard to know what is really going on.
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The Government is supporting small business to retain their apprentices and trainees. Eligible employers can apply for a wage subsidy of 50% of the apprentice’s or trainee’s wage paid during the 9 months from 1 January 2020 to 30 September 2020.
Post updated:
The Boosting Cash Flow for Employers measure will provide up to $100,000 back to business, with a minimum payment of $20,000 for eligible businesses. The payment will provide temporary cash flow support to small and medium businesses that employ staff.
Global Bookkeeping Week is coming to a close for another year, we are taking the time to step back and think about what it is we do as modern bookkeepers.
Around the globe bookkeeping has been evolving over recent years…
Small business owners need a guardian angel – someone like a bookkeeper to keep them on the path of light and away from the darkness of a tax office audit.
These days BAS agents (professional bookkeepers) are usually found working in the cloud.
So you’ve got staff and you need to opt in for STP reporting, why not setup xero auto super while you are at it?
STP reporting is designed to make sure employers are paying staff super – on time.
Single Touch Payroll (STP) is the new way to report employee wages, withholding tax and super data to the ATO.
Instead of waiting til after the end of financial year – businesses will be reporting electronically in real time – you need STP enabled software to do this (no more carbon paper forms).
Have you heard the latest gossip from the tax office?
Don’t rely on the rumour mill at the pub – make sure you discuss possible issues with your BAS agent before you get caught with your pants down!
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