Yada Yada Yada Day
*Subscribe to Xero
*yada yada yada
*staff paid & BAS lodged
Wouldn’t it be wonderful if it was as easy as that!
23/07/2019
*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!
Do you spend your days in a little cubicle shuffling papers around?
9-5 Monday to Friday stuck at a little desk with your pencil and paper with your boss watching over you?
Well not us!
Have you got a company car?
Do you do use the car for any personal trips?
Could FBT (Fringe Benefits Tax) be an issue for you or your business?
Take an odometer reading and chat to your accountant for all the important details.
Are you aware of the legal difference between an employee and a contractor?
There are a number of factors to consider when deciding if the workers is an employee or a contractor. And the agreement between you isn’t one of them!
The ATO and fairwork websites can help you to decide.
Why STP is an opportunity for your small business
Never waste a crisis! Being forced to make STP lodgements may turn out to be a blessing in disguise.
So you click a couple of buttons right?
Contact us if you’ve just realised EOFY wage reconciliations aren’t a picnic!
Contributions for your employees for the January to March quarter are due (at the fund) by 28th April.
If you are using the ATO clearing house – make sure you use the new payment options!
If you are using Xero’s clearing house – make sure you pay 7 days prior to the due date.
And don’t forget to allow for the Anzac Day Public Holiday when calculating payment times.
Are you aware of the your legal obligations as an employer on Employee Legal Awareness Day?
What are the legal implications of getting it wrong?
Don’t forget award and NES standards, workplace safety…..
Happy Employee Legal Awareness Day! (If is possible to be happy when your head is swimming)
