TPAR (Taxable Payments Annual Report) – Due Soon
If you have subbies, you may need to lodge a Taxable Payments Annual Report (TPAR) by 28th August.
Click through for more info on industries required to submit and ATO links
21/07/2022
If you have subbies, you may need to lodge a Taxable Payments Annual Report (TPAR) by 28th August.
Click through for more info on industries required to submit and ATO links
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.)
Staff will not be receiving any documentation, they will be able to access details in their MyGov account.
Cheers to us. Cheers to you!
Thank you for being a part of our community.
#25YearsAndCounting
Some awards will get a minimum wage increase from the first full pay period on or after 1 July 2022, while others will get one from the first full pay period on or after 1 October 2022.
Superannuation paid on behalf of ALL employees (including owners/directors) will increase to 10.5% for wages paid (bank transfer) on or after 1st July 2022.
The $450 per month threshold will no longer be applicable.
For us, this means apps.
Our app stack has changed our business and allowed us to work smarter and support our clients better.
Wherever you are at, there’s an app for that! Sing out if you’d like a hand to select the next app for your small business. There are thousands of apps out there and it can be a bit overwhleming to get started, we’d love to help you ‘streamline’ your business.
This Email Week take a look at your email security.
Why? It could cost you in money (fraud), time and reputational damage!
What can you do? There are plenty of resources to reduce risk or what to do if you do end up a victim. We’ve found a couple of government sites to help you.
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.
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.
