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.
According to the ATO website: ‘An employee works in your business and is part of your business. A contractor is running their own business.
If a worker is legally an employee, a contract saying the worker is a contractor will not make the worker a contractor at law.
Now is the time to review your human resources
If you are participating in JobKeeper v2.2 – it is now time to submit January actual and February estimated sales to the ATO.
Reports need to be submitted by the 14th February for you to receive JobKeeper payment for January wages.
The portal declaration is a legal document, fibbing to the ATO isn’t a good idea!
In order to receive JobKeeper v2.2 you need to enrol and have made minimum wage payments by 31st January.
If you would like us to assist you, please let us know ASAP!
December is super due now
October-December super contributions must be received (by fund) by 28th January.
Payments should be made now as it can take up to 7 days to process.
Please note that late payments of superannuation are not tax deductible.
JobKeeper v2.1 ends on Monday 4th January – don’t overpay!
Do not change your payment cycle to make an extra final payment.
Float is a cashflow app for business owners who don’t like money surprises!
Why we love Float: Daily bank balance projection and ‘what if’ scenarios.
Ask us to arrange a demo.
It’s holiday time! Hurrah!
Don’t forget to record staff leave – you’ll want to keep their balances up to date.
If we usually process wages for your staff, please let us know your office closure dates and we’ll let you know if there are any issues with leave balances, explain the fine print and discuss your options with you.
