Donut forget to appreciate all the good things in your personal and your business life.
We really appreciate being able to help our great clients run their businesses.
We also appreciate our fun colleagues – thanks for collaborating with us, it really boosts us up.
No not for movie directors, for company directors.
ATO says: The director identification number (director ID) is a unique identifier that a director will apply for once and will keep forever. If you’re a director of a corporate trustee of a self-managed super fund (SMSF) you will need to apply for a director ID.
You will be able to apply for a director ID from November 2021 on the new Australian Business Registry Services (ABRS) online and will log in using the myGovID app.
When you must apply for a director ID, depends on the date you became a director. You will need to apply for your director ID yourself to verify your identity. No one can apply for it on your behalf.
If you haven’t received a payment today you may need to test and reconfirm your eligibility.
Make sure you have reconciled all of your deposits before you complete testing.
You do not need to submit details, however you need to keep records on file in case of audit.
It sure comes around quick, doesn’t it?
Put some money aside – its due on Monday 22nd November.
Don’t get fined for late lodgement!
(you will be able to make a payment arrangement with the ATO after lodgement if you are having cashflow issues)
Have you paid super for your employees for the September quarter?
Make sure you’ve updated super rates to 10% for all employees.
This also the first quarter of new rules for closely held employees (owners and their families), annual wages are no longer acceptable, they need to have wages declared each quarter and super will be payable.
The super needs to be in your employees account by 28th October – tomorrow! If you haven’t already paid you’ll probably miss the deadline. It takes longer than you think for clearing houses to process the payment and distribute to each employee. And you are on the hook for that delay.
Oh yay! More red tape for small business!
From 1st November 2021, stapled super kicks in.
Super funds will be stapled to employees as they move from job to job, so if they don’t complete a superchoice form, you’ll need to check for fund details with the ATO, rather than just add the new employee to your default fund.
Last chance to apply for either JobSaver or Micro Business Grant.
Applications close at midnight tonight 18th October
Super is due now for staff (including owners and their families)
July-Sept super contributions must be received (by fund) by 28th October.
Don’t forget to check that all super has been accrued at 10%.
Authorise payments right now as it can take several days to process.
Its crucial to look out for banking/invoice scams in the small business world.
Email hacking where invoices are intercepted and bank details are changed are becoming more common.
Update to Service NSW Small business fees and charges rebate announced – tolls to be added to the list of 500+ state and local government charges and fees that can be claimed, the cap will be raised from $1500 to $2000.
