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.
Closing the December quarter
Here we are at the end of another quarter.
Payments made to suppliers today & tomorrow result in GST credits on December BAS for cash reporters.
For accrual reporters, payments made today & tomorrow result in happy suppliers!
Small Business Fees and Charges Rebate from NSW Government
So you’ve submitted your final JobSaver or Micro Business Grant.
But have you looked at the small business fees and charges rebate?
If you are a sole trader or the owner of a small business in NSW, you may be eligible for the Small Business Fees And Charges Rebate of up to $2,000.
Fringe Benefits Tax at Christmas
Don’t let an unexpected tax bill spoil Christmas.
ATO says: Fringe benefits tax (FBT) is paid by employers on certain benefits they provide to their employees
Entertainment is the most common type of FBT we see.
What is considered entertainment? It includes events and/or gifts
Single Touch Payroll (STP) 2.0
Single Touch Payroll 2.0 is coming in 2022
What does that mean for your business?
The ATO wants you to report wages in a more granular way, gross wages will be broken down into the various components
What do you need to do?
Nothing right now, your accounting software will do most of the work in the background, so Sit Tight Please.
App Day – featuring Airwallex
Airwallex was designed for businesses operating globally.
Why we love Airwallex: Easily create virtual cards in minutes for payments. Put each subscription on a separate card to control charges and prevent overcharging. Lower international fees than bank issued cards. Easily accept funds from around the world.
Ask us to arrange a demo
Business Plan Month
Do you have a business plan? And is it current?
December is business plan month – spending a little time now planning will made it easier for you to jump out of the gates into the new year.
JobSaver ends
The JobSaver program ended on 30th November.
How will it wrap up? 30th Isn’t the end of a fortnight.
Ninja Day
No really, bookkeeping and ninjas have a lot in common (except for the whole killing thing).
We are mercenaries for hire, much like ninja warriors, you can hire us to process your transactions, reconcile your accounts, lodge your BAS, and speak to your accountant! We go to war with untidy books.
At Streamline Management, we work as a team, like ninjas!
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