The superannuation guarantee (SG) amnesty is your chance to catch up on unpaid super without incurring penalties or paying administration fees. This is your last chance to apply for the amnesty as it ends on 7 September 2020. Once you’ve applied, the ATO will advise you within 14 days which quarters are eligible for the amnesty. […]
Monthly Archives: August 2020
There was no increase to fuel tax credit rates on 3 August. You can continue to use the current rates to calculate your claim on your business activity statement (BAS). When working out your fuel tax credits: Check how your fuel is used. Check you’re using the right rate. Use the ATO fuel tax credit calculator […]
The Government has extended the JobKeeper Payment scheme. Changes from the 14th of August 2020 mean: More employees can qualify The eligibility criteria for your employees depends on the JobKeeper fortnight. From 3 August 2020, you may be able to nominate new employees as eligible employees for the JobKeeper scheme. These new employees must have been employed […]
Every business has a supply chain which is a network between a business and its suppliers to produce and distribute a specific product or service. The entities in the supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers. Keeping the supply chain working smoothly can be a complex task in even the smallest of businesses. […]
By August, the end of financial year is still very clear in our minds. It’s an extremely stressful time for business owners with so many more financial and compliance tasks to be completed. Chasing debtors and creditors, data entry, bank and loan account reconciliations, payroll finalisation, taxation strategy and planning and let’s not forget the […]