Did you know the March BAS has 3 different due dates depending on the lodgement method?
Regardless of method – ontime lodgement is important – the ATO can fine you.
Not enough ready cash? Lodge anyway to avoid fines and make a payment plan.
On Friday 26 March 2021, the Fair Work Act 2009 (FW Act) was amended to change workplace rights and obligations for casual employees. The changes were made by the Fair Work Amendment (Supporting Australia’s Jobs and Economic Recovery) Act 2021 (Amendment Act).
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’re registered BAS agents, we can help setup systems and apps to get your records under control.
(we can also help you convert old records to digital so you can ditch the filing cabinet)
It’s time to start preparing your March BAS.
Time to tuck some funds aside and make sure everything is reconciled.
The BAS due date is 25th May (using our agent extension).
Don’t forget to record when your staff take annual or sick leave to keep leave balances are up to date.
January-March super contributions must be received (by fund) by 28th April.
We will provide payment instructions shortly for our clients.
Ensure all pay runs are processed for the March quarter before making payments!
Payments should be authorised before 21st April – it can take up to 7 days to process.
Penalties will apply for late payments.
It is now time to submit March actual and April estimated sales to the ATO.
Reports need to be submitted by the 14th April for you to receive the very last JobKeeper payment for March wages.
No idea what FBT even is?
Fringe Benefits Tax when an employee receives benefits from their employer other than wages (and the government still wants a cut of that).
Your tax agent can help you define what is considered a fringe benefit and prepare the paperwork for lodgement (and payment).
If you have a company car, take an odometer reading today and review your spending.
To assist with the recovery from the impact of COVID-19, the Australian Government is providing support to all eligible employers who engage a new Australian Apprentice.
Any sized business can apply
Got questions? Ask!
If you are a sole trader, the owner of a small business or a not-for-profit organisation in NSW,
you may be eligible for a small business fees and charges rebate of $1500.
The rebate can only be used for eligible fees and charges due and paid from 1 March 2021. It cannot be used for fines or penalties, Commonwealth government charges, rent on government premises, or taxes.
Online applications open from April 2021.
