Are you taking reasonable steps to keep your computer and data safe?
Australian Cyber Security Centre has some tips to protect yourself and your business. Take their quiz to see how you measure up!
Watch out for the Fringe Benefits Tax (FBT) Grinch ruining the fun for everyone this Christmas!
Read on to find out about nice festive fun that may attract naughty surprise taxes.
Given up trying to find a fully qualified experienced unicorn?
Is it time to consider hiring an apprentice, someone you can train to work your way?
Incentives are available for eligible employers.
Will you be closing your workplace during the Christmas period?
The rules changed earlier this year, let us give you an update.
If you are closing – let your staff know now and check available leave balances.
Awkward!
Its probably more awkward if you have to tell suppliers and employees you don’t have the money to pay them.
If you can’t pay your bills, you may be insolvent and that can lead to harsh penalties for the directors.
Ask for help before you are in over your talk hole.
This is not the time for last minute shenanigans, its time for action!
We have been beavering away on BAS preparations, make sure you to respond to our emails.
We need responses this week so we can lodge September quarter BAS by 25th November (or you risk being fined by the ATO).
The sooner we are able to prepare the BAS, the sooner you’ll be able to project your cashflow.
If your staff have taken leave to refresh recently (or glad to be back at work after the school holidays!) make sure you have processed the leave they’ve taken in xero.
Leave is reported differently to standard wages with STP (Single Touch Payroll) v2.
Keeping leave requests up to date makes it easy to see leave balances (important as we approach Christmas and the summer holidays).
Incorrect classification of workers puts your business at risk of receiving harsh penalties, so let’s make sure you know and understand your obligations.
In June 2023, the ATO updated their guidelines, so now is a good time to review.
You may find that over time a legitimate contractor could become an employee, so you need to monitor and review new and existing workers.
The penalties for misclassification of workers are not pretty.
Did you know
Xero customers who use online invoice payments get paid up to twice as fast compared to those who don’t.
Whoa, twice as fast!
What are you going to do about it??
See your options in the xero app store.
July-September super contributions, at the new rate of 11%, must be received (by fund) by 28th October.
Severe penalties will apply for late payments.
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