July IAS is due soon
ATO Cashflow boost 2 will automatically be applied – we’ll confirm any amount due when we lodge for our clients who report monthly.
06/08/2020
ATO Cashflow boost 2 will automatically be applied – we’ll confirm any amount due when we lodge for our clients who report monthly.
We are beavering away on BAS lodgments, please respond to our questions promptly. Using the BAS agent extension, we need to lodge your BAS by 25th August or you risk being fined by the ATO. The ATO cashflow boost 1 & 2 (PAYG W refund) will be applied upon lodgement
Don’t panic – the current program will still run until the end of September.
JobKeeper 2.0 will start from 28th September. You won’t be able to confirm eligibility until early October.
To qualify for a tax deduction in this financial year,
April-June super contributions must be received (by fund) by 30th June.
If you haven’t already, you need to make this payment now.
If your cashflow won’t allow for this, the usual deadline of 28th July still applies.
What a croc!
TPARs – Taxable Payment Annual Report
If you are in building & construction services (and a handful of other areas) you need to tell the tax office about payments you’ve made to contractors for their services.
It is time to submit May actual & June estimated sales to the ATO.
This needs to be done by the 14th June for you to receive the JobKeeper payment for May wages.
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!
JobKeeper deadlines have been extended – nothing is due today!
Not currently eligible? Keep checking & apply when you meet the turnover requirements. There are another 5 possible months to enrol.
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.
