Analytix Bookkeeping

13/04/2023

Employers: The April 28 (SG) due date is just around the corner – don't miss it! 🫣 Make sure you’re super prepared.

It’s important to pay:
✔️ your employees in full, on time and to the correct fund. Remember that the current SG rate of 10.5% will increase to 11% on 1 July.
✔️ all eligible employees, regardless how much their earnings are.

⚠️ Remember, contributions are only considered ‘paid’ on the date the fund receives them. This means you’ll need to make sure they’re received by the fund on or before the due date – otherwise they’re late.

If you do miss the due date, you’ll have to lodge an SG charge statement... and nobody likes extra paperwork! 🤦

For more info, visit www.ato.gov.au/PayingSuper

17/02/2023

09/02/2023

Sole trader vs company: Key differences
Understanding the differences between operating as a sole trader and operating as a company will help you decide which one is right for your business. Your accountant or business advisor can help you with this, too.

Sole trader vs company. Not sure which business structure to choose? This cheatsheet explains the major differences between the most common options.

08/02/2023

ApprovalMax integrates directly with Dext Prepare. We’ve pulled together the most common questions to help you understand how our integration works. Q: Can I use

08/02/2023

07/02/2023

All employees in the Fair Work system will be entitled to 10 days of paid family and domestic violence leave in 12 months.

06/02/2023

Cloud platforms can help businesses get over their start-up 'hump' - a period of slow or declining growth as they scale up.

02/02/2023

If you’ve earnt income from overseas, you’ll need to include it in your Australian tax return. 💰

Here are a few tips to help you declare your foreign income:
🗓️ The financial year ends in December for over 100 countries! Remember to calculate your overseas earnings for the Australian financial year (1 July-30 June).
🌎 Don’t forget to claim the foreign income tax offset if you’ve already paid tax in another country. This will help you avoid paying taxes on the same income twice.
⚖️ Convert your foreign income into Australian dollars.

For more info, see www.ato.gov.au/Individuals/Income-and-deductions/Income-you-must-declare/Foreign-and-worldwide-income/

02/02/2023

12/01/2023

What do you think of my new business card design - professionally designed 😀