Are you all over business record management?
ATO says:
As the business owner, you are accountable for understanding your record-keeping obligations. If you use a registered tax or BAS agent to manage your records, you still retain primary accountability.
We use apps to help our clients maintain good records, it is much safer than paper files.
Ready to ditch the filing cabinets? Get in contact today.
The Easter long weekend is coming up, what does it mean for you and your team?
Chocolate!
And unusual payroll.
Staff super contributions for wages paid between January and March are due soon.
You’ll need to approve xero super for payment by 20th April to make sure it can fly through cyber space and land in your employees accounts on or before 28th April.
Harsh penalties apply to late payments.
We will eggs-it the office at noon on Thursday 6th, and we’ll be back on Tuesday 11th April.
Have an eggs-ellent Easter Break!
The Chicks
Streamline Management
🐣🐣🐣
Awards are not changing, however gross wages need to be broken down into the individual components. You need to display all allowances separately from the hourly rate you pay your team. (make sure you’re actually meeting minimum payrates!)
All the things you wanted to know, but too afraid to ask!
Don’t wait for Fair Work to come knocking. Get on the front foot to ensure you are compliant.
Business.gov.au is offering grants of $10k – $25k for small and medium businesses to upgrade their equipment to make them more energy efficient.
Apply by 19th April.
The Energy Savings Scheme (ESS) provides NSW businesses with financial incentives to invest in projects which will reduce their energy consumption. Incentives are available to install new equipment or modify a current system.
Apply now
This week we attended 4 International Womens Day events!
We picked up a little gem from each.
We’ve been nourished by food and thought with all of the events we attended.
Bookkeeping is an industry predominantly made up of women, however, the wider finance industry is dominated by men – mindset changes are still needed about women’s work and the hierarchy of the money management space.
Great conversations can lead to change, and that has advantages for everyone. Cupcakes and pinkwashing benefit no-one.
Xero is now ready for you to transition to the new more rigorous reporting requirements. This will not change how much or how often you pay your employees – awards etc are not changing.
Check you’ve got all the info you need before you start pressing buttons
Just realised this a big job?
You can request an deferral to buy a little extra time. (or perhaps like us, you can’t cope with a financial year that chops and changes part way through).
Get your payroll expert to review where you are at, if you’re overwhelmed already.
