The Back Office Solutions

11/10/2023

Don’t sweat it this tax time 💦

If you work in the fitness and sporting industry, we have a guide that will help you keep your deductions in good shape! 👇

19/07/2023

A reminder that Superannuation payments are due on the 28th of July. You must pay super for eligible employees to avoid the super guarantee charge.
If you use a clearing house. Depending on which clearinghouse you use, your employee's super contribution is considered 'paid' on the date it's received by the super fund. Not the date it's received by the clearing house. Check the payment dates with your clearing house to ensure your payments will be processed before the due dates.

15/07/2023

Plans to channel money or assets into an SMSF to pay less tax could result in the loss of entire savings, says the Tax Office.

Plans to channel money or assets into an SMSF to pay less tax could result in the loss of entire savings, says the tax office.

11/07/2023

Looking to get on top of your tax & super? We’ve got an app for that 🙌

Whether you’re a sole trader, or just trying to get on top of your tax records, the ATO app has everything you need to manage your tax and super with ease.

You can:
✔️ track your tax return
✔️ record work-related expenses
✔️ make a payment
✔️ track your super.

Visit www.ato.gov.au/app

11/07/2023

Employers reporting through Single Touch Payroll (STP) need to make a finalisation declaration by 14 July each year.

Making a finalisation declaration
You need to make a finalisation declaration by 14 July each year to ensure your employees can access their finalised information to complete their tax return.

If you can't make a finalisation declaration on or before the due date, you will need to apply for a deferral.

Employers with closely held payees
If you have 20 or more employees, you should be reporting closely held payees each pay day along with arms-length employees. The finalisation due date for closely held payees is 30 September each year.

For small employers (19 or fewer employees) who only have closely held payees, the due date for end-of-year STP finalisation is the payee's tax return due date.

For an employer with a mixture of both closely held payees and arms-length employees, the due date for end-of-year STP finalisation for closely held payees is 30 September each year. All other employees are due 14 July each year.

10/07/2023

Scam warning: AFP letter ⚠️

We have received reports about a scam prosecution notice claiming to be from the AFP Commissioner. This document is NOT from the AFP. This version of the scam claims that we "will take legal action against you” for reasons including "indecent exposure" and "exhibitionism”.

The AFP will never contact you like this. If you receive an email or any correspondence similar to this, do not click on any links and do not respond to the sender. Screen shot the document, delete it, and report to Scamwatch: https://www.scamwatch.gov.au/

If the AFP needs to contact you, you'll know it, and we’d try to use the correct grammar.

07/07/2023

Our Tax Returns start from $125.00 for a basic return.

If you haven't had a chance to book in, you can send us a direct message here right now, or you can contact us to make an appointment throughout the week.

07/07/2023

ch-ch-ch-changes! 🎵
There were lots of changes in the 2022/23 income year. Let’s recap a few:

🏠 How you claim working from home (WFH) expenses has changed.
🚗 The cents-per-km rate for claiming car expenses increased.
📚 The need to exclude the first $250 of self-education expenses was removed.

So make sure you don’t ‘copy and paste’ your deductions from last year!

Visit www.ato.gov.au/whatsnew