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.
September quarter super is due soon
July-September super contributions must be received (by fund) by 28th October.
Ensure all pay runs are processed for the September quarter, before you attempt to make payment.
Closely held employees (owners and their families) will also need to be included.
Don’t forget minimum rates of super should be 10% of wages.
Apprenticeships Program – Extended
The Boosting Apprenticeship Commencements program will extend support into the second and third year of an eligible Australian Apprenticeship through the Completing Apprenticeship Commencements program.
JobSaver – bugs in the system
You should have received a payment yesterday for the period 3-26th September, so there is no need to do anything just yet. We are hearing reports of bugs in the system, so probably best to sit tight for the time being.
JobSaver – How to reconfirm your eligibility
Businesses receiving JobSaver support will need to reconfirm eligibility fortnightly and payment should be received within a week. You can only confirm at the end of the period, if you need time to get your accounts up to date, you can submit more than one declaration at a time.
Love Note Day
In the business world, testimonials are a more appropriate way of sending love notes.
Can you support another small business with a testimonial today?
Fairwork – Sick Leave and COVID
Does anyone really understand personal / carers leave (Sick leave in the old lingo)?
Well here is the official explanation from FairWork
Employees can’t usually take sick leave to get vaccinated against COVID-19. This is because the entitlement to sick leave under the National Employment Standards is only available when an employee is unfit for work because they are ill or injured.
August IAS is due now
Don’t forget to lodge & pay your August IAS – it’s due today!
If you are unable to pay in full, contact the ATO on 13 72 26 to arrange a payment plan.
JobSaver Reconfirming Eligibility
Businesses receiving support will need to reconfirm eligibility fortnightly and payment should be received within a week.
September payments will be processed without further info being required.
There are 3 possible testing options.
You are able to confirm all the fortnights you are eligible for – receiving a large payment in one fortnight will not stop you receiving payments for future fortnights if your turnover falls again. You do not need to reapply if you are ineligible for a fortnight.
JobSaver & Micro Business Grant in NSW
More info on the sudden changes to the Service NSW JobSaver & Micro Business Grants is expected to be released on Monday.
We hope to learn if you can re-enter the scheme if trading declines after it gets better.
Will declarations delay payments? If fortnight ends on a Sunday and payment is expected on a Monday – will small businesses be waiting longer?
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