Authorise September quarter super payments NOW!
All super should be accrued at 10.5% of wages and the $450 p/m minimum wage threshold has been removed.
July-September super contributions must be received (by fund) by 28th October.
*Late payments of superannuation are not tax deductible and fines will apply.
Are you having trouble keeping all the info you need about your business in your head?
Too many to dos?
No idea what the team is up to?
They don’t know what they should do next?
Using an app to store info for you and your team can remove the information overload and to do list overwhelm, is your brain 🤯 ready for extra support?
Ask us to help you select apps to make life easier.
You can only claim deductions for payments you make to your workers (employees or contractors) from 1 July 2019 where you have complied with the pay as you go (PAYG) withholding AND reporting obligations for that payment.
Any payments you make to a worker where you haven’t withheld or reported the PAYG amounts are called non-compliant payments.
If you don’t comply with your PAYG withholding and reporting obligations for a payment, you may:
– lose your deduction for that payment
– face existing penalties that apply for failure to withhold and report amounts under the PAYG withholding system.
The Optus debacle has reminded us that we need to do all we can do to protect the identity of our client and their staff.
The easiest place to start is not to send any sensitive info by email – if any part of the email chain gets hacked, that info could get into the wrong hands.
Sing out if you have any questions about how we can help you keep your employees top secret info out of the hands of baddies.
July-September super contributions need to be received by your employees’ fund no later than 28th October (don’t forget to allow for processing time).
Check your calculations to make sure all the new rules effective 1st July 2022 have been picked up before you make payment, so you don’t end up having to make a catchup payment (with heavy ATO penalties)
There’s more to it than exchanging labour for wages.
Confidentiality in the partnership is a big concern.
It is not best practice to send any sensitive info by email – we don’t want anyone’s identity to be compromised if any part of the email chain gets hacked.
Sing out if you have any questions about how we can help you keep your employees top secret info safe.
These days many people are working from home, at least some of the time. What do you need to consider as a small business owner?
Your OH & S responsibilities still apply, even if your employee is not in the office.
A study also completed by Australian Unions found that a staggering 42% of Australians working from home do not have a suitable workstation or even the correct equipment when working from home.
Its due on Monday 22nd August.
Don’t get fined for late lodgement!
Set aside some funds or make a payment arrangement with the ATO after lodgement if you are having cashflow issues
Has anyone in your team taken a winter break?
Please note that any remaining unpaid April-June super contributions must
be received (by fund) by 28th July.
Payments should be made now – it can take several days to process
