Streamline Management News
* This is generic info to give you a few pointers and should never be relied on as specific accounting advice.
Contact your expert (not your mates at a BBQ or the guy trying to sell you something) to discuss your situation.
August 2026 IAS due
Don’t forget to arrange payment of your August IAS.
It’s due by today at the latest.
If you are unable to pay in full, contact the ATO on 13 72 26 to arrange a payment plan.
(Don’t forget interest is no longer tax deductible)
Is this a tax deductible uniform?
We all want to look the part, but the ATO isn’t keen on you just buying clothes you like, and claiming they are a ‘uniform’ for your small business. Protective equipment (steel capped boots, googles, hi-vis) are a different discussion, you’d be in trouble if you cut costs here.
When it comes to clothing – it depends!
Here is how to tell if your team’s gear actually makes the cut
Boss / Employee Exchange (sensitive data) Day
Bosses and employees exchange cash for labour. And at the same time they also exchange a lot of sensitive data.
How do your new employees safely exchange their personal details with your HR team (you and us)? Not by email – its just not a safe way to transfer TFNs and other identity documents.
We can now collect employee data directly in Xero. Your new employee will receive a link to provide their TFN declaration, Super Choice forms and personal details.
Payslips and leave records can also be accessed from the XeroMe employee portal – they cannot access any other data.
Holler if you’d like to chat about ways to reduce the risk of exchanging of employee data with fraudsters.
When Pigs Fly Day
When pigs fly, labeling a worker as an ‘independent contractor’ to dodge superannuation and leave entitlements will pass an ATO audit.
Until then, sham contracting is illegal (maximum penalty for a small is business is $109,200!) If they work like an employee, carry no risk if they stuff up, and rely on your equipment like an employee… guess what? The ATO and Fair Work view them as an employee.
Keeping your worker classification above board protects your business from disputes and hefty penalties down the track.
Unsure if your team is classified correctly? Give us a shout today to get your payroll sorted!
September 2026
It’s Preparedness Month, and we’re here to take the pain out of your bookkeeping!
Celebrate (or fake it) during ‘I’m On Top Of It Day’ and talk like a pirate while watching pigs fly!
Taxable Payment Annual Report (TPAR) 2026 deadline
If you have a construction, cleaning, IT, freight/courier or security business you need to report payments made for service to your subcontractors (a bit like group certificates) to the ATO – by today!
This is one of those rare lodgements that don’t cost you any money! (assuming you lodge on time, otherwise expect a fine).
Didn’t know TPARs were a thing? Ask us to help.
🏆We’re now Syft Advanced Pro Advisors!🏆
Nicole & Monika have done it again.
Not content with just being Syft Pro Advisors, we are now officially certified Syft Advanced Pro Advisors!
If you’ve been following our journey, from being featured in the official Syft case study for solving complex consolidated cash flows, to getting our initial Pro certification – you know we don’t stand still. We are constantly sharpening our skills and our clients reap the rewards.
We believe staying at the very top of financial technology is the best way to help you ‘Streamline’ your financial success.
Want to see what Syft Advanced reporting can do for your business? Reach out to Nicole & Monika to chat about supercharging your next financial report!
June 2026 BAS due now!
June quarter BAS is due tomorrow (if you get the agent extended deadline).
Can’t pay? Lodge anyway to avoid late lodgement fines and personal liability of the debt – you can make a payment plan with the ATO to manage your cashflow better.
July IAS due today
Make sure you lodge and pay your July IAS today to avoid late lodgement fines (and defaulting on any payment plan you have in place)
TPAR deadline approaching
Heads up: Taxable Payments Annual Report (TPAR) are due by 28th August.
You need to report payments to contractors (a bit like group certificates) if your businesses operates in these industries:
– Building and construction services (this covers a broad range of services including engineering and decorating)
– Cleaning services
– Courier services
– Road freight services
– IT services
– Security, investigation or surveillance services
– Government entities
Failure to Lodge penalties apply if you should lodge, but don’t.
