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 2023
A nice quiet month. Take a breather.
Monthly lodgers will need to submit August IAS by 21st September, other than that, prepare for the end of another quarter.
Willing to Lend a Hand Wednesday – Community Pitch
We are willing to lend a hand to support our local community, we’ve signed up again this year as pitch partners with our Turramurra and Lindfield Community Bank. In 2 weeks 10 local charities will present shark tank style to locals who have pledged to make donations.
We are proud to be 3 time supporters.
Are you willing to lend a hand? What can you do to support others?
Its not too late to partner up
Xerocon – technology is only ever a copilot and not a replacement for advisors
We’re back at the desk after a week at Xerocon.
We had a great time reconnecting with our favourite app partners, chatting up some new ones, hearing where our industry might be heading, being motivated & uplifted and hanging out with our peers & friendly competitors.
There was a focus on AI, Will Buckley Xero AU country manager said: I’m going to be really clear: AI should not take anyone’s job in this profession. Building trust, having meaningful conversations informed by data, and harnessing the latest technology, is where the real magic happens.
Taxable Payment Annual Report (TPAR) 2023 lodgement deadline
If you have a construction, cleaning, IT, freight/courier or security business you need to report payments made for service to your subcontractors to the ATO.
This is one of the submissions that won’t cost you any money (assuming you lodge on time, otherwise expect a fine).
Construction is very broad – it includes engineering services, architects, communications construction, landscaping, retaining walls, swimming pool installation and wallpapering.
Need a hand to get the paperwork in by 28th August? Ask us to help.
June 2023 BAS is due right now!
It’s time to make sure your June quarter BAS has been lodged and paid (or a payment plan arranged).
Not in the mood? Late lodgement fines, defaulting on existing payment plans and your BAS agent is no longer allowed to file your payroll STP with their annual authority, its probably easier just to do a spot of adulting and lodge the thing.
Suspect you’re not really capable of nailing it? Get a tax or BAS agent to assist (you also get a big longer until the payment is due – win!).
Xero Beautiful Business Fund – you could win!
Xero has announced the launch of the Xero Beautiful Business Fund, backing small businesses for the future. There is more than NZ$750,000 up for grabs. Regional winners will win $20k AUD and if you are 1 of the 4 global winners – another $50k AUD!
Good luck! We’ll be cheering you on!
Out of Office – we’re all heading to Xerocon
Our office will be closed for the rest of the week so we can all attend Xerocon (coachella for accountants and bookkeepers).
How does this disruption benefit our clients?
We’ll come back refreshed with new ideas, more knowledge (and app options) and a better understanding of the world of small business.
See you next week!
We’re off to Xerocon
Our office will be closed between Tuesday 22nd – Friday 25th August so the whole team can be social butterflies at the biggest conference for bookkeepers and accountants.
If you have anything that needs attention prior to Monday 28th, get in touch now.
We won’t be lodging your BAS or IAS next week, please sign now!
Super for Contractors
So you are trying to save money/headaches/risk by hiring contractors, rather than employees. Make sure you don’t accidentally create more risk for yourself.We’ve googled a bunch of info and copy pasted it here and cut the rubbish to make it easy for you to review your situation. Links to source
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