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Posted in Bookkeeping
#EveryoneNeedsAPlan: Employer Super Contributions to be Paid on Same Day as Pay Received
Posted by G. Dean McKinnon
on 24 November 2023
The Federal Government announced in May, 2023, a proposal for employers to be required to pay their employee super contributions on the day the employee is paid:
The present requirement is for the employer to pay their employee super contributions each financial year quarter (September | December | March | June)
The proposal is currently with Treasury department for consultation, but if adopted the new requirements would commence from 1 July, 2026
Business cashflow will be key to me...
| Posted in:Business PlanningSuperannuationFinancial PlanningBookkeeping | 0 Comments |
#EveryoneNeedsaPlan To Get Business Invoice Correct
Posted by G. Dean McKinnon
on 28 March 2022
If you are running a business, and are entitled to claim GST paid on goods and services received by your business, you need to ensure any Invoice for payment is compliant with ATO guidelines or the GST will not be claimable.
If you are registered for GST then the Invoice received must be called a 'Tax Invoice', providing your supplier is registered for GST. If your supplier is not registered for GST, their Invoice must not include the words 'Tax Invoice', and you ...
| Posted in:TaxBookkeepingFinancial Controller | 0 Comments |
