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.
Did you make a resolution to get a balanced life? Sick of feeling overwhelmed?
Yep – us too!
We’re beefing up our processes to keep things running smoothly, so we don’t have massive peaks in our workload when a BAS is due.
We look forward to an even more prosperous 2020!
We wish you a very Merry Christmas & a Happy New Year! We look forward to an even better 2020! Please note that Streamline Management will close from noon Friday 20th December and return on Monday 13th January. During the closure pay runs will still be processed. We’ll be available
Do you think you have ample time to get everything done in your small business?
Deliver your product/service,
marketing/business development,
training/education,
team management,
finance etc etc etc….
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).
All employers need to start reporting each payrun (pay event) to the ATO by 30th September 2019.
Before you start there are a few things you need to know and do:
Have you got a company car?
Do you do use the car for any personal trips?
Could FBT (Fringe Benefits Tax) be an issue for you or your business?
Take an odometer reading and chat to your accountant for all the important details.
Why STP is an opportunity for your small business
Never waste a crisis! Being forced to make STP lodgements may turn out to be a blessing in disguise.
Wishing you a very Merry Christmas & a Happy New Year! Enjoy your holiday break. Maybe we’ll see you at the beach?! We look forward to an even brighter 2019!
