Posted in Bookkeeping

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...

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 ...