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.
Super is increasing from 1st July 2023
Superannuation paid on behalf of all employees will increase to 11% for wage payments made (bank transfer) on or after 1st July 2023 (regardless of work period).
Some contractors may be considered employees for super purposes and be entitled to super at the new rate.
Got questions? Contact us.
Act now for 22/23 super
If you are managing your super cap or maximising tax deductions by paying super a little earlier – you’ll need to authorise the xero payment now. Right now!
If you aren’t chasing extra deductions as you haven’t got much of a profit or the super cap isn’t on your radar – as you were. Make payment by the standard due date 28th July.
Email Week 2023
Email, how did we ever live without it?
How do we live with it?
Have we taken the convenience too far? Do we send things willy nilly?
Email hacking is incredibly common and it may be months before we realise we’ve been compromised. To lower risks, what should we keep out of emails?
Minimum wage increase after 1st July 2023
From 1 July 2023, the new National Minimum Wage will be $882.80 per week or $23.23 per hour.
The new National Minimum Wage will apply from the first full pay period starting on or after 1 July 2023.
Awards are being updated soon, you may need to update your workplace agreements to ensure they are not below the new minimums.
Top 5 apps for professional services businesses
Here’s a summary of our Top 5 apps for professional services businesses.
We’ve partnered with these apps cos we love to use them in our business.
Ask us for a personalised demo if you’d like to know more.
May IAS is due soon
Put some money aside and keep an eye out for the IAS for you to e-sign – its due on Wednesday 21st June.
Don’t get fined for late lodgement!
ATO Lodgment Penalty Amnesty Program
Behind with ATO lodgements? You’re being given a Get Out of Jail Free card.
Small Businesses can lodge late BASs and tax returns without being hit by late lodgement fines.
10 big risks for your small business
What fraud risks should you be worried in your small business?
It’s not just people on the outside trying to get it, the people inside your team can be a big risk too.
Do your internal controls need reviewing?
See our hazard checklist here
2022/2023 financial year is coming to an end. Are you prepared?
Don’t go making crazy purchases without reviewing where you are at, and speaking to your tax accountant. EOFY deals are great for salespeople trying to meet their commission targets, they might not really benefit you and your business.
Review your position
You can’t make sensible last minute decisions without data.
Take a look at your bottom line – before hitting the shops.
The end of the financial year is nigh, now is the time to prepare yourself. Make sure you take advice from licenced professionals.
Getting Your Financials in Order
Monika will highlight Big Risks for Small Businesses – Top 10 Accounts Vulnerabilities.
Alleviate your worries and attend this months breakfast seminar
Places are limited for the Lindfield office so please book early.
