September 2017 quarterly Business Activity Statement (BAS) will due for lodgement and payment by 30 Oct 2017 if lodged by yourselves, or 25 November 2017 if lodged via an agent like us.
Leave your worries for preparing BAS to us by contacting us and see how we could help!
For businesses with employees, it’s quarterly Superannuation payment time!
The deadline for superannuation payment for the September 2017 quarter is due 28 Oct 2017. For businesses using AutoSuper on Xero, the cut off date to have it submitted and approved is 4pm AEDT, Tuesday 24 October. This ensures they reach the super funds by 28 October.
If you require assistance, Aston is happy to help!
For those who have received Annual PAYG Instalments for the 2017 financial year with an amount to pay – the due date for payment is 23 October 2017.
Late payments will attract General Interest Charges (GIC) from the ATO.
If you have trouble making payment to the ATO, Aston can help you liaise with the ATO to apply for payment plans. Get in touch now!
The following examines some common misunderstood rules around the employee vs contractor situation.
You may have an ABN but that does not make you a contractor.
Fact: The ATO has various checks to ensure business owners are treating their staff/contractors correctly.
To put it simply, the ATO will look at the work arrangement and the way the payments were calculated etc to determine whether one is an employee or not.
The Government has released a Fact Sheet on their plan to encourage older people to downsize from homes that no longer meet their needs and to free up housing stock for young families starting out.
From 1 July 2018, older Australians will be provided with greater flexibility to contribute the proceeds of the sale of their home into superannuation, reducing a current disincentive to downsizing.
Read the Fact Sheet Here.
