Small Business – Page 14 – Streamline Management

Taxable Payment Annual Report (TPAR) 2023 lodgement deadline

If you have a construction, cleaning, IT, freight/courier or security business you need to report payments made for service to your subcontractors to the ATO.
This is one of the submissions that won’t cost you any money (assuming you lodge on time, otherwise expect a fine).
Construction is very broad – it includes engineering services, architects, communications construction, landscaping, retaining walls, swimming pool installation and wallpapering.
Need a hand to get the paperwork in by 28th August? Ask us to help.

28/08/2023

Xero Beautiful Business Fund – you could win!

Xero has announced the launch of the Xero Beautiful Business Fund, backing small businesses for the future. There is more than NZ$750,000 up for grabs. Regional winners will win $20k AUD and if you are 1 of the 4 global winners – another $50k AUD!
Good luck! We’ll be cheering you on!

24/08/2023

Out of Office – we’re all heading to Xerocon

Our office will be closed for the rest of the week so we can all attend Xerocon (coachella for accountants and bookkeepers).
How does this disruption benefit our clients?
We’ll come back refreshed with new ideas, more knowledge (and app options) and a better understanding of the world of small business.
See you next week!

22/08/2023

Super for Contractors

So you are trying to save money/headaches/risk by hiring contractors, rather than employees. Make sure you don’t accidentally create more risk for yourself.We’ve googled a bunch of info and copy pasted it here and cut the rubbish to make it easy for you to review your situation. Links to source

10/08/2023

August 2023 due dates

Lots happening again this month for small businesses.
Need help checking off your to do list? Ask us to give you a hand to keep on top of everything.

01/08/2023

Family and Domestic Leave for Small Business

On the 1st August changes take effect for small business.
Family and domestic violence means: violent, threatening or other abusive behaviour by certain individuals known to an employee that both: seeks to coerce or control the employee & causes them harm or fear.
On the 1st August changes take effect for small business (less than 15 employees).

31/07/2023

TPAR (Taxable Payments Annual Report) for subbies due soon

Payments (cash basis) made to subcontractors (not employees) for their labour need to reported to the ATO by 28th August if you operate in the construction, IT, cleaning, courier/delivery or security space.
Nothing to pay the ATO on this lodgement – just paperwork! (A bit like group certificates, but for subbies)

28/07/2023

Payroll Day

As an employer, what do you need to do?
Lots! We’ve created a checklist with links to give you a headstart.
Before making your first hire you need to do a bunch of stuff.
Now that you’ve done the ground work, time to search for the perfect employee. If you’ve found an adequate one, you need to start the onboarding / hiring process.

21/07/2023

Staff leave – winter holidays

Are the leave balances for your staff up to date?
Let us know if a member of your team has taken a holiday or sick leave and we’ll review their leave balances.

Employees can submit their own leave requests in XeroMe, or make sure to send us an email so we can manage the process for you. Think you may have missed something? Ask about historical leave recorded.

18/07/2023

April – June 2023 super is due now

Any unpaid April-June super contributions must be received (by fund) by 28th July.

Payments should be authorised right now as it can take several days to process.

Late payments of superannuation require a Super Guarantee Charge (SGC) statement to be submitted to the ATO. The payment will not be tax deductible to your business.
If you are a director of a company, you need to pay the SGC in full by the due date. If you do not, you’ll be liable for a penalty equal to the unpaid amount, so prioritise this over any other payment.

17/07/2023

Category: Small Business