It’s almost that crazy time of year again when all your bookwork needs to be finalised, payment summaries and TPAR Reports lodged and you need to be ready to be SuperStream Compliant. Here are some tips for smooth running!
Check that you have up-to-date details for all your staff:
For Payment Summaries
Tax File Numbers
Address
Date of Birth
Email address and phone numbers
For TPAR Reports (Building & Construction Industry)
Sub-Contractor Name
ABN
Address
Phone
Is your business SuperStream ready?
If you have 19 or less employees SuperStream applies from 1 July 2015. Is your business ready? Call us for more details on 0412 338 573.
Tax Planning
Make an appointment to see your accountant and work on tax strategies.
30th June
Superannuation Guarantee Contributions MUST be received by the ATO Small Business Clearing House or if not using the ATO clearing house by the employee superannuation fund by the 30th June to qualify for the tax deduction in the 2014-2015 financial year.
14th July
Payment Summaries to be issued to all employees by the 14th July.
21st July
June BAS due (if monthly cycle).
28th July
June BAS due if not lodged by a Registered BAS Agent.
25th August
June BAS if lodged by Registered BAS Agent.
28th August
TPAR Reports – Taxable Payments Annual Report
Other Tips
Try to pay all your creditors by 30th June.
If you have bills that you have been paying by the month, see if you can pay them out in full by 30th June.
For more information and a free consultation, contact Di at Austi Bookkeeping 0412 338 573.
