Reconnect your Amex bankfeed – now!
Existing Amex bank feeds will stop working on 28th February – act now to prevent missing data!
Please see notice and instruction from Xero
23/02/2024
Existing Amex bank feeds will stop working on 28th February – act now to prevent missing data!
Please see notice and instruction from Xero
Mark up your diary with important February details.
Wear Red on Friday 2nd February – you can use it as a warm up for Valentines day on the 14th!
ATO deadlines – you can’t avoid those!
And finish off the month with a bonus work day to catch up on that to do list? Score!
Super payment due dates occur quarterly. If you don’t pay an employee’s super guarantee (SG) amount in full, on time and to the right fund, you must pay the super guarantee charge (SGC).
The SGC is more than the super you would have otherwise paid to the employee’s fund and is not tax deductible.
You will need to complete an SGC statement and submit it to the ATO, this is used to calculate fines and penalties (some to compensate staff for lost earnings, some to punish you for naughtiness).
Hopefully this is a mistake you only make once!
If you haven’t already, now is the time to authorise super payments for you employees (this includes you as a director). Funds must reach the employees account by 28th January and it takes a long longer than it ought to be processed, and there is a public holiday this month.
Penalties are harsh for late payment. So sort out your cashflow and pay now!
It’s time to start preparing your December BAS. Lodgement and payment is due by 28th February.
Act now!
Still getting the hang of 2024? Same!
January might be holiday time, but there are a few crucial deadlines. The most important is Oct-Dec super needs to be in your employees super funds by 28th January. Another public holiday for Australia Day and then its back to school – woohoo!
October-December super contributions, must be received (by fund) by 28th January.
Severe penalties will apply for late payments.
Payments should be authorised by 19th January as it can take several days to process (Don’t forget the Australia Day public holiday may slow down processing times).
January is Get Organised month.
To help you we’ve put together a list of key dates and deadlines.
Add them to your calendar to help with organising your cashflow and work priorities.
We’ll post reminders through out the year to help you stay on track (and the right side of the tax office)
If you’ve fallen behind with your tax lodgements – the window to lodge without late fines is closing.
If eligible overdue forms are lodged between 1 June 2023 and 31 December 2023, any failure to lodge penalty applying to the late lodgment will be remitted.
There really is little time left before everyone packs up for the year – act now!
We know December can get a bit crazy – lucky there aren’t too many deadlines to worry about.
