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.
Have you gotten yourself into a bit of a muddle and are frightened to ask for help for fear of looking like a fool?
Relax – we’ve seen some real doozies.
You might be a few years behind, have incomplete records, perhaps you aren’t really sure how GST works, or don’t know much about managing a team of workers – none of that shouldn’t stop you from reaching out for assistance.
We’ve been helping small business owners straighten out their records and get systems in place since 1997. We can help you too.
Working from home is now kinda normal, but as an employer what do you need to be aware of?
What are you responsible for? How do you protect your team? What support or equipment might they need?
Your responsibilities to protect your team still apply, even if you can’t see them.
See what Safe Work Australia says you need to be aware of.
How much fun is owing a small business??!
Sometimes small business owners forget they are not the company – it is a separate entity. That means money in the company bank account is not your money.
What if I want some more money – what should I do?
Speak to your expert!
there are a few options and they have different tax consequences, you’ll need to budget for tax payable.
The tax office has produced a fact sheet to give you a basic overview.
It’s a bird, its a plane, its a person planning for their future needs!
Are you employing super heroes (who want to put away a bit extra for their retirement)?
Salary sacrificing wages into super can help employees save faster than a speeding locamotive, but as an employer, you need to make sure you have all the right paperwork.
Wearing your undies on the outside of tights is all well and good, leaping tall buildings in a single bound has OH&S issues, being your own retirement hero is a super idea!
(or why you should move to one who does)
The ATO says:
You are legally required to keep records of all transactions relating to your tax and superannuation affairs as you start, run, sell, change or close your business.
There can be legal and financial consequences if your business doesn’t comply with these record-keeping requirements.
If you’ve just realised you could find yourself in a spot of bother – ask us to help you move to electronic record keeping – it really is a smart move.
Backup the truck!
The budget has been announced, but its just a press release until it passes parliament.
Don’t go counting your tax saving chickens just yet!
The end of the Fringe Benefits Tax financial year is next Thursday 31st March.
If you use a company car, it is a good idea to note your odometer reading on this day in case your accountant needs it for your FBT return.
Is your resolution for 2022 to get your cash ducks in a row?
Do you have to get out the life preserver when big bills are due to be paid?
If 2022 is the year you want your cash duck to float gently on top of your bank balance – sing out for a demo
Hello!
Welcome to 2022!
January is get organised month, we thought we’d give you a hand – as you plan out your year and setup your calendar you’ll need these key lodgement and payment dates.
We’ll give you reminders as deadlines approach here and on our socials
to keep up with the news
Be the first to know about critical dates and important gossip!