Here we are approaching the end of another quarter and year!
Payments made to suppliers up today result in GST credits on June BAS for cash reporters.
For accrual reporters, payments result in happy suppliers
We will need to file an annual ‘STP Finalisation’ to the ATO by 14th July.
(This replaces providing Payment Summaries/Group Certificates to your staff and submitting the Payment Summary Annual Report (PSAR) to the ATO.)
Small Business Fees And Charges Rebate of up to $3,000
You may be eligible to claim back your company vehicle registration among other charges
The apply by 24th June (tomorrow)
claims accepted until 30 June 2022.
Hey monthly lodgers, if you haven’t already, remember to e-sign your May IAS to avoid any late lodgment fines. Best to make the payment too!
Last chance!
Approve super in Xero by 2pm today to ensure payment is received by 30th June.
(If you’re not chasing the earlier tax deduction, then the usual deadline of 28th July still applies.)
EOFY
Are you prepared?
As always, speak to your expert about your business circumstances – the salesperson at the dealership or officeworks is not licenced to give you advice, they are trying to sell you something.
Buyer beware!
Single Touch Payroll (STP) 2 is coming
What do you need to do?
Nothing right now, your accounting software will do most of the work in the background – Xero has an extension to December 2022, so there is plenty of time to transition.
Sit Tight Please (STP).
Are you ready?
You can’t make sensible decisions without data.
Bring your data file up to date and respond to your bookkeepers questions.
Don’t spring last minute questions on your experts – schedule a meeting with plenty of notice!
To qualify for a tax deduction in the 2022 financial year, or if you are managing your super cap, super contributions must be received (by fund) by 30th June.
Payments need to be authorised before 14th June to meet the deadline.
The usual final deadline of 28th July still applies if you decide not to pay early.
If you are trying to make the most of super caps – you need to be aware of what a valid salary sacrifice looks like.
If you haven’t already, remember to e-sign your March BAS to avoid any late lodgment fines.
If you are unable to pay in full, contact the ATO on 13 72 26 to arrange a payment plan.
