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Stapled super funds start this month

From 1 Nov 2021, if you have new employees start, employers may have an extra step to comply with choice of fund rules.

ATO Payment Plans

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Did you know that the Australian Taxation Office (ATO), one of the biggest creditors to small business, allows payment of tax debt by instalments as an option?
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STP Phase 2 starts January 2022

Single Touch Payroll (STP) Phase 2 reporting starts 1 January 2022; learn what it means for employers.

Superannuation guarantee increase on 1 July

An SG base rate rise is set from 1 July which will increase from 9.5% to 10%, followed by incremental half percentage point increases each year to 12% on 1 July 2025.
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Switch now to Online services for business

The ATO's Business Portal will close soon so make the switch to Online services for business today! To access Online services for business, go to ato.gov.au/OSB.
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Insurance broker’s bookkeeping now a breeze

Insurance broker now has peace of mind knowing that Notch Above’s bookkeeping processes produce accurate monthly data which is available to her whenever she needs it. It not only helps her in her business decision-making but it also makes for easy end-of-financial-year processing.
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JobKeeper audits underway

Imagine going through the rigmarole to apply for JobKeeper when COVID-19 restrictions were rife, only to find your application rejected months later by Tax Office auditors. That is what happened to one small business who took a DIY approach to their JobKeeper application.
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Extension of the JobKeeper Payment

The Government is extending the JobKeeper Payment by a further six months to March 2021. Support will be targeted to businesses and not-for-profits that continue to be significantly impacted by the Coronavirus.
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FREE Working from Home ATO factsheet

If you work from home during COVID-19 restrictions, remember to keep records and receipts for your home office expenses, along with a record of the hours you work from home. Keeping good records now will help to get your deductions right at tax time. The ATO has a PDF poster you can download to help understand what you can claim.