Hats off to the admin professionals of the world!
Is the thought of admin giving you chills?
Were you surprised when you discovered just how much is involved in running a business? (if you are not surprised – you haven’t discovered all of your responsibilities yet).
Bookkeeping is not just admin, it is no longer all about data entry and document storage – there are apps for that (followed by a shredder).
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).
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’ve been participating in the JobKeeper program – it is now over.
You’ll need to submit your usual monthly report between 1-14th April to receive your final payment.
Don’t forget to remove topups from staff pay templates!
Not sure how your business is performing? Ask your adviser to review your situation and help you plan the way forward.
Don’t forget to record your odometer reading!
The end of the FBT financial year is next week – 31st March.
If you use a company car, it is a good idea to record your odometer reading on this day in case your accountant needs it for your FBT return.
p.s If you still need to complete your log book – get racing!
What are proper hours?
We know that a standard working week in Australia is 38 hours. You may not know they need to be completed inside a specific spread of hours.
If you are allowing your team to work outside and not their ‘proper hours’ you may be liable for overtime or penalty rates.
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