Staff – Page 8 – Streamline Management

Own Business Day – Director Fees

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.

October 11, 2022

October Cyber Security Awareness Month

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.

October 10, 2022

Time to pay super for your employees

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)

September 30, 2022

Boss/Employee Exchange Day – Tanda & XeroMe

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.

September 12, 2022

Home Business Month with added Workspace Week

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.

August 24, 2022

July IAS is due soon

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

August 4, 2022

Don’t forget to make sure leave balances are up to date!

Has anyone in your team taken a winter break?

July 25, 2022

June 2022 quarter is super due now

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

July 18, 2022

June quarter super is due soon

Any remaining unpaid April-June super contributions must
be received (by fund) by 28th July.

If you have any concerns about being able to make this payment on time,
speak to your expert now to discuss options.
Penalties will apply for late payments.

July 7, 2022

EOFY payroll – STP finalisation

Annual ‘STP Finalisation’ to the ATO by 14th July.
(This replaces providing Payment Summaries/Group Certificates to your staff
and submitting the Payment Summary Annual Report (PSAR) to the ATO.)
Staff will not be receiving any documentation, they will be able to access details in their MyGov account.

July 5, 2022

Category: Staff