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.
Lego Day
Surely everyone thinks perfectly balanced accounts are just as satisfying as a completed Lego set?
We’re celebrating International Lego Day by doing what we always do, putting things in the right boxes.
Lego – sorted by brick size and colour
Your Accounts – sorted by ‘actually deductible’ and ‘yeah, nah’.
If you feel like you are building 10307 Eiffel Tower without the instruction manual, sing out – we’ll help you snap the final pieces in place.
Summer holidays 2025/26
Don’t forget to record staff leave and keep balances up to date.
– Keep records of when staff are at work or not at work for liability (workers comp) purposes.
– You must provide leave balances to employees in a timely matter to staff Fairwork compliant.
– Large balances might result in a request from a team member for a very long holiday – could you cope without them for a long period?
– Unused leave is a liability in your accounts – if an employee leaves, you’ll need to pay it out, so its best to know where you stand.
Back to school and back to work – let us know if staff leave needs to be updated.
December 2025 BAS
It’s time to start preparing your December BAS
Late lodgement could result in fines, and will void any payment plan you have in place with the ATO, and make it much harder to request another one in future.
Act now!
Hat Day
As a small business owner, you might have expected to wear a crown befitting your royal status.
Turns out you have to wear a whole bunch of hats, some of them are really uncomfortable.
If you want to take back the crown – we look quite fetching in a number of hats, ask to borrow our noggins.
October – December 2025 Super
October-December 2025 super contributions must be received (by fund) by 28th January for all employees – including working directors and some contractors, regardless if you pay monthly or quarterly.
Late payments of superannuation are not tax deductible and attract interest, fines & additional paperwork.
Directors also become personally liable for the debt.
Authorise payments from Xero no later than 2pm on Friday 16th January.
November IAS is due
Don’t forget to arrange payment of your November IAS before you turn your out of office reply on.
It’s due Monday at the latest.
Staff Christmas Bonus
Thinking about rewarding staff with a bonus?💰💰💰
Ask us to help you with calculations.
– If you fail to withhold tax or report the payment (STP), the bonus becomes non-compliant (no tax deduction for you!)
– Superannuation is likely to apply to the bonus amount
– Schedule 5 tax scale must be used for PAYG withholding
We will calculate the total cost to you and the net amount the employee receives to avoid budget surprises.
Happy Holidays from the Streamline Team
The team has been perfecting our moves (and our accounts) all year, and we’re ready to cheer you into the New Year!
We’ll be bringing out the oranges for half time at 11:30 Friday 19th December and we’ll be back on the court, ready for the next quarter, at
9am on Monday 12th January.
Wishing you and your family a fantastic Christmas and Happy Holidays.
Even though we might be resting our whistles during our festive closure, for any urgent bookkeeping plays, we are still ‘here if you need.’
Thank you for a great year – let’s go 2026!
From Nicole, Monika and Katherine
📣🎁🏐🎅🏻🏐🎄🏐🎁📣
