If we manage lodgement for you – keep an eye out for the IAS for you to e-sign – its due on Monday 23rd August,
don’t get fined for late lodgement!
You will be able to make a payment arrangement with the ATO after lodgement if you are having cashflow issues
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.
STP finalisation for staff is due by 31st July – make sure you reconcile your payroll accounts BEFORE you press the button.
If we manage the whole payroll shebang for you, we have reconciled your accounts and need your permission to finalise – make sure you review and sign.
If we are supporting you, but you are the STP submitter for your business, we have sent you instructions on how to finalise.
Who? What? When? Where? Why? Reach out if you need a hand to sort out your payroll!
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.
Do several members of your family have the same taste in work clothes because you work together in a family business?
From 1st July 2021 the exemption for businesses to regularly report wages for closely held employees (owners/directors/shareholders & their family members) is being removed.
Single Touch Payroll (STP) reporting for closely held employees must be at least quarterly, declaring a wage as at 30th June each year will no longer be acceptable.
Don’t forget superannuation paid on behalf of all employees (including owners/directors) has increased to 10% for wages paid (bank transfer) on or after 1st July 2021 (based on payment date not period worked).
Annual concessional super contribution caps have increased to $27,500 for the 2021/22 financial year.
It’s time to start preparing your June BAS
Time to tuck some funds aside and make sure everything is uploaded to Receipt Bank so we can get to work.
Using our BAS agent extension – the due date is 25th August.
I forgot is not something you want to be saying often about compliance deadlines!
Remember how Group Certificates / Payment Summaries have been phased out and Single Touch Payroll (STP) has taken over?
Its now time to reconcile your payroll accounts and finalise income statements for your employees. You have until 31st July 2021.
Have we mentioned super lately??
Any remaining unpaid April-June super contributions must be received (by fund) by 28th July. If you paid everything early, scroll on!
Penalties will apply for late payments.
