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.
Go for Broke Day
Go for Broke – not Go Broke!
No, we don’t mean organise a roadtrip to the Hunter Valley either!
You’re probably all in when it comes to your small business in order to succeed.
If you’ve accidentally missed out a word and it looks like you might be going broke – ask for help right away. Your accountant and bookkeeper can point you in the right direction if you haven’t gone past the point of no return.
Times are tough, its not failure to ask for help. Its a sensible business decision!
Cloud Security Day
Data security is important – use 2 Factor Authentication where possible and long unique passphrases.
Anti-virus software will also help keep the baddies out.
Not sure if you could be doing better? Take the cyber security quiz
April 2024
April has started with a public holiday, so what else is happening this month?
2 public holidays this month will eat into your work time – claw a little time back by wearing your PJs to work!
Super for the January-March quarter needs to be in your employees fund by 28th April – approve super early, as the 28th is a Sunday and 25th is a public holiday.
Don’t forget to feed and exercise your unicorn!
Most small businesses will not have a tax office lodgement due this month – however, there could be 2 next month.
End of March quarter
Here we are at the end of another quarter (what, already?!)
its time to start preparing the BAS.
Remember to verify, check, corroborate, review, ensure, confirm, establish and substantiate all details before submitting to the ATO.
Not sure you’re the best person to do all the checks? Ask us if we could help you remain on the better side of the ATO. Only BAS agents can assist with BAS preparation and lodgement. If your bookkeeper is not registered they cannot provide you with ANY information that could be included in your ATO lodgement.
Easter 2024
The Streamline chicks will eggs-it the office at noon today and we’ll be back on Tuesday 2nd April.
Have an eggs-ellent Easter Break!
Easter Public Holidays 2024
We’ll be closing the office for the long weekend, if you are closing too – be aware of the payroll implications.
Are you in the drivers seat with FBT tax?
The Fringe Benefits Tax year ends on 31st March, are you aware what might trigger this extra tax for your business?
A fringe benefit is like a payment to an employee, but in a different form to salary or wages.
Your tax agent can assist with calculations, lodgement, and what exemptions might apply. They may also assist you to make smarter decisions to avoid future lodgements and liabilities.
February IAS due now
Don’t forget to make sure you’ve lodged and paid your February IAS.
If you are unable to pay in full, contact the ATO on 13 72 26 to arrange a payment plan.
Sham contracting – increased penalties
Can you tell the difference between an employee and a contractor?
Getting it wrong has become more expensive! Closing the loopholes changes to the Fair Work Act have increased penalties from 27th February 2024.
A sham contracting arrangement is when an employer attempts to disguise an employment relationship as a contractor relationship.
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