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.
Christmas shutdowns
Will you be closing your workplace during the Christmas period?
The rules changed earlier this year, let us give you an update.
If you are closing – let your staff know now and check available leave balances.
Global Bookkeeping Week 2023
Have you ever thought about what might be involved in a week for your bookkeeper?
Heaps!
#RaiseACup with your hardworking bookkeeper as you chat about your small business.
Talk Money Week – what is insolvency
Awkward!
Its probably more awkward if you have to tell suppliers and employees you don’t have the money to pay them.
If you can’t pay your bills, you may be insolvent and that can lead to harsh penalties for the directors.
Ask for help before you are in over your talk hole.
November 2023
Have you marked all the key November dates in your calendar?
Get ready for celebrations and deadlines throughout the month.
September BAS due soon!
This is not the time for last minute shenanigans, its time for action!
We have been beavering away on BAS preparations, make sure you to respond to our emails.
We need responses this week so we can lodge September quarter BAS by 25th November (or you risk being fined by the ATO).
The sooner we are able to prepare the BAS, the sooner you’ll be able to project your cashflow.
Join Nicole and your peers at Accounting Business Expo
1 month to go!
3000+ Attendees | 150+ Exhibitors | 200 Speakers | 100 Learning Hours | 2 Days
Australia’s Premier Exhibition and Conference for the Fast Changing World of Accounting, Business, Finance and Money.
Our very own Nicole (and many other peers) will be speaking at ABE in 1 months time. Get your free ticket now!
Have your staff taken a break and come back refreshed?
If your staff have taken leave to refresh recently (or glad to be back at work after the school holidays!) make sure you have processed the leave they’ve taken in xero.
Leave is reported differently to standard wages with STP (Single Touch Payroll) v2.
Keeping leave requests up to date makes it easy to see leave balances (important as we approach Christmas and the summer holidays).
How to work it out: employee or contractor
Incorrect classification of workers puts your business at risk of receiving harsh penalties, so let’s make sure you know and understand your obligations.
In June 2023, the ATO updated their guidelines, so now is a good time to review.
You may find that over time a legitimate contractor could become an employee, so you need to monitor and review new and existing workers.
The penalties for misclassification of workers are not pretty.
Get paid faster with a payment gateway
Did you know
Xero customers who use online invoice payments get paid up to twice as fast compared to those who don’t.
Whoa, twice as fast!
What are you going to do about it??
See your options in the xero app store.
Nicole is speaking at Accounting Business Expo
Join Nicole at Accounting Business Expo Sydney, Nov 22 1:30 for a panel discussion: Business issues in bookkeeping – moving to fixed pricing
Register for free CPE points and hear from your industry peers.
https://i.snoball.it/p/BUXd/mt
#ABExpo
