Important Dates
May 3rd, 2012
Monthly BAS and IAS – 21st of following month
Quarterly BAS 4 2012 (Apr-Jun 2012) paper lodgements 28th July 2012 . Electronic lodgements – 25th August 2012 (if lodging through Effective Services or your tax agent).
Quarterly Super payments* –by 28th day following end of quarter – due 28th July 2012 (for Apr-Jun 2012). ** Note: to receive your tax deductions this financial year, your super contributions need to be with the super funds by 28th July.
Note: your required contributions must be received and banked by the funds by 28th day following the end of a quarter. You may need to remit monthly if:
- Your employees are making personal contributions
- The employee’s award requires it
- It’s a fund requirement for insurance purposes
Free Stuff
February 28th, 2012
Free on-line tools
http://www.medicareaustralia.gov.au/nonhealthgovinitiatives/index.jsp
The free government service to pay your employees super to one place instead of paying multiple funds
http://www.dropbox.com. Free file sharing software – put your file into Dropbox to share with other people over the internet. Great for working remotely or allowing more than one person to make updates to the same file
http://www.ato.gov.au/scripts/taxcalc/calc_standard_hire.aspx Tax withheld calculator – use this to work out how much tax you need to withhold from wages
www.ato.gov.au\businesses then type “contractors super” in the search box. Superannuation guarantee eligibility decision tool. This tool will give you an indication of whether you need to pay Superannuation Guarantee for your contractors
http://selfassessment.workcover.nsw.gov.au Workcover NSW tool to see whether you should include payments to your contractors in your Workers Compensation insurance declarations
MYOB NEW GENERATION SOFTWARE
December 15th, 2011
MYOB has recently released some of it’s suite of next generation software. This is the biggest change to the software in terms of back end and may require some changes to the way you currently store your MYOB files. The main changes are to the technology that operates the program in the backgroud. There are small changes to the user interface. Any upgrades should be carefully planned. Please contact this office on 0411 218 570 should you wish to implement this new software.
Free Offer from MYOB
July 3rd, 2011
Have you seen the free web-site offer from MYOB and Google? You can create a web-site for your business in 15 minutes and it’s currently free. Check it out at www.gettingbusinessonline.com.au
News from MYOB
November 1st, 2010
MYOB has recently introduced a new product called Live Accounts. It’s a web based version of accounting software that you can access from any web-browser. So, as long as you have an internet connection, you can access your data.
This product also updates your bank data by downloading from your bank software on a daily basis. The software can memorise transactions and save excessive data entry.
The product is designed for small businesses that require remote access and do not have a need for payroll. (This may be introduced early next year. ) There’s a small monthly subscription for the use of the product.
Please give us a call if you’d like to know more about this product.
Superannuation Clearing House
August 18th, 2010
The government has established a small business (less than 20 employees) clearing house for paying your superannuation obligations. You can make one payment for all your employees instead of sending muliple payments to various different funds. You can find more details at www.medicare.gov.au
