With Afternoon Tea Week approaching, we thought it would be the perfect excuse to get together.
How about we grab a cup of tea and a scone?
It’s a chance to just chat and catch up on whatever’s new – no need to discuss work, unless you want to!
We’d love to hear from you soon.
Super was due into your employees super funds by 28th July.
Your employee’s super contribution is only considered ‘paid’ on the date it’s received by the super fund. Not the date it’s received by the clearing house.
The expense is no longer tax deductible, super is calculated on all payments to employees (like overtime and allowances), fines are payable to the ATO, interest is payable to the fund for the employee, and directors will be personally chased for the payment.
If you’ve realised you haven’t made the payment on time, submit the statement ASAP to minimise the interest charges you’ll be liable for. Burying your head in the sand and hoping no-one notices could cost you a lot more down the line.
Need help to keep on top of all the deadlines? Ask us to give you a hand.
Intentional under payment of wages became a criminal offence on 1st January. Trying to save a few bucks could result in a 0 star ‘holiday’. Is it worth it?
If you haven’t already, review staff payrates against the current minimum wages and entitlements for your industry.
Prosecution can result in monetary fines, prison time, or both. An employer can be an individual or a company. You might be personally liable for the wrong doing of your company/boss.
We love you, but not enough to go to jail for you.
April – June super contributions must be received (by fund) by 28th July. This super is at the old rate of 11.5%.
Payments should be authorised right now as it takes longer than you think for the super fund to receipt the money.
Late payments of superannuation are not tax deductible – and fines and interest will be applied.
We’re celebrating ourselves, our clients and our ecosystem today!
Make a purchase with a small business and help them wrap up the financial year on a high. More than 95% of Australian businesses are classed as small, so there are plenty of opportunities to support a Micro/Small/Medium Enterprise today.
Did you know Micro Small and Medium Enterprises Day is a United Nationals global event?
This year the theme is ‘Enhancing the role of Micro-, Small and Medium-sized Enterprises (MSMEs) as drivers of Sustainable Growth and Innovation’
From 1 July 2025, the National Minimum Wage will increase by 3.5%. This means the National Minimum Wage will be: $948 per week, or $24.95 per hour.
Unfortunately you can’t set up or review the new award rates yet, they are usually only available just in time for payday.
Every single week is a rollercoaster when you are a small business owner. (Sometimes it feels more like a haunted railway!)
It takes a lot of energy to power a rollercoaster – up, down, loop de loop, corkscrew barrel rolls, dark tunnels and sharp unexpected turns.
So now that you are onboard, strap in! We’ll join you on the wild ride!
It’s now really easy to submit a claim for business trips in your own car.
You can create a mileage claim using the phone app or in the browser when you are back at your desk.
ReceiptBank/Dext has you covered – just like any other work related expenses.
Are you producing Australian Made goods, or services?
Our bookkeeping services are 100% Australian made by an Aussie based team – locals supporting locals.
Shopping with Aussie businesses supports smaller players (more than 95% of Australian businesses are classed as small), creating jobs so those employees can shop local too.
Where should we spend our money this week? Give us your best suggestions!
We love more than just one tree and we are trying to keep them alive in forests, ask us to help you go paperless and still remain on the good side of the tax office.
No need to print out your bills, hole punch, file them and then store the folders for 6 or so years.
Simply forward bills received by email to ReceiptBank/Dext. Paper records can be photographed or scanned and uploaded, then shredded and turned into mulch for the garden or puppy beds.
