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.
The FBT Grinch and Christmas parties
Watch out for the Fringe Benefits Tax (FBT) Grinch ruining the fun for everyone this Christmas!
Read on to find out about nice festive fun that may attract naughty surprise taxes.
October IAS
October IAS is due – lodge and pay right now!
If you are unable to pay in full, contact the ATO to arrange a payment plan.
Dext Approvals – What’s New Wednesday
Receiptbank has recently introduced Approvals!
No need for additional apps to authorise bill payments, its now included in the app you use and love.
Keen to give it a go? Ask us to help you get started!
Christmas shutdowns
Are you looking forward to the Christmas break?
If you are closing your workplace for a week or 2, you’ll need to be across the fairwork rules about shutdowns – check available leave balances and let your staff know now.
Pickle Day
What kind of business pickles are in your jar?
We’ve helped heaps of small business owners over the past 25+ years keep the pickles on the cheeseboard. We can help you too – but not if you put peanut butter on your pickles!
What does a bookkeeper do?
To celebrate Global Bookkeeping Week in 2024 we’re going to take a look at what a licenced bookkeeper (BAS agent) does or can do.
Bookkeeping isn’t limited to data entry, its small business support! Make sure you’ve got someone skilled and qualified to assist you and your business – after all, your business is your main source of income and that warrants proper protection.
This week #RaiseACup as you realise all that your BAS agent bookkeeper does for you (and maybe ask them for some more help)
The Tax Practictioners Board (TPB) sets out what types of tax can only be performed by a registered agent, we’ve got the details here
Hiring an apprentice this Apprenticeship Week?
Given up trying to find a fully qualified experienced unicorn?
Is it time to consider hiring an apprentice, someone you can train to work your way?
Incentives are available for eligible employers.
Delivering gifts down the chimney?
Don’t get stuck (with extra tax)!
Before setting your elves to work, check out the rules, so you don’t end up with any surprise tax to pay!
MyGovID – What’s New Wednesday
From 13 November, myGovID will have a new name and new look. You don’t need to do anything to prepare for the change. Your myGovID app should automatically update to myID on your device.
Be on the lookout for scams!
Talk Money Week – what happens when your business runs out of money?
Talking about money is awkward!
Its probably more unpleasant if you have to tell suppliers and employees you don’t have the money to pay them.
If you can’t pay your bills on time, you may be insolvent and that can lead to harsh penalties for the directors. (penalties up to $200,000)
Speak to us or your expert as soon as you think you might be in money trouble – you’ll have more options and less stress if you start the conversation early. Lets chat!
