Today we want to recognise our extraordinary team – great work!
2019 has been another big year for us and our team has done a wonderful job of supporting our clients.
🎅 🎄🥂🍻🎁🛍
Are you planning any Christmas celebrations with your staff and/or business associates?
Best to refresh your memory on the allowable deductions & FBT rules before the event so you don’t end up with any surprise tax to pay!
🛍🎁🍻🥂🎄🎅
Are you mainlining caffeine to keep it all going in your small business?
Maybe on International Coffee Day you are starting to think about how you can cut down to a more sensible 3 cups per day?
So you’ve got staff and you need to opt in for STP reporting, why not setup xero auto super while you are at it?
STP reporting is designed to make sure employers are paying staff super – on time.
Single Touch Payroll (STP) is the new way to report employee wages, withholding tax and super data to the ATO.
Instead of waiting til after the end of financial year – businesses will be reporting electronically in real time – you need STP enabled software to do this (no more carbon paper forms).
Sometimes when you are self employed it feels like the whole world is against you. So many competing demands, so many task to take care of. Don’t forget to stop and take care of yourself.
Have you heard the latest gossip from the tax office?
Don’t rely on the rumour mill at the pub – make sure you discuss possible issues with your BAS agent before you get caught with your pants down!
*Subscribe to Xero
*yada yada yada
*staff paid & BAS lodged
Wouldn’t it be wonderful if it was as easy as that!
All employers need to start reporting each payrun (pay event) to the ATO by 30th September 2019.
Before you start there are a few things you need to know and do:
From July 2019 the tax office will require all businesses to report all wage details (including tax and super), for all staff, on or before each and every payment. You will continue to pay your staff as normal, but the tax office will be tracking super payments on behalf of employees to make sure entitlements are being paid, on time!
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Be the first to know about critical dates and important gossip!