As an employer you are obliged to pay your employee their wages, remit their PAYG Withholding to the ATO as well as remit superannuation payments to their superannuation fund accounts.
In an ideal world, on the first day your employee starts work with you, they would complete their forms including a Super Choice Form informing you their superannuation fund account details for you to remit superannuation payments.
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!
Over 500,000 small businesses are now using Xero accounting software, including more than 130 of our client businesses. So Helen Hardegen & Emily Yip went to Melbourne last week to attend a XeroCon where over 3,000 accountants, bookkeepers and other interested parties gathered to learn more about the new things that are coming soon to Xero and how we can best help you, our clients, to use it.
There are some exciting new developments that we will contact you about in the near future including a new project management module, easy expense claims and many more.
From 1 July 2017 the following car threshold amounts apply for luxury cars:
Usually we start our businesses up as we have a great idea in mind and would love to share it with the world. It would start in your back yard, garage or study. When it comes tax time you wonder if you need to declare it in your tax return or not.
