Bradshaw Business Pty Ltd

ATO:- “Targeted strategies” to collect small-business debt with the goal of returning to pre-pandemic levels are one of the key focus areas for the ATO in 2022–23, it says in its latest corporate plan.

If you've been struggling with you BAS debt make sure you have a plan to pay it off.

https://www.accountantsdaily.com.au/tax-compliance/17429-small-business-debt-a-key-target-ato-reveals?utm_source=Accountants%20Daily&utm_campaign=18_08_22&utm_medium=email&utm_content=2&utm_emailID=3378387d6149ad183874429ec4cf5d769b6c425e90e4a93650b56a64c94e9523

Small-business debt a key target, ATO reveals Increasing digitisation and lowering collectible debt are centrepieces of the office’s latest corporate plan. “Targeted strategies” to collect small business debt with the goal of returning to

ATO Priorities.
Top of the list - record keeping.....

For small businesses…

1 July 2022 changes that may affect your business | Small Business Development Corporation The start of a new financial year is often that time when changes to national or state legislation is introduced. Here is a run-down of the key changes taking effect from 1 July 2022 that are likely to have an impact on small business owners in Western Australia. New minimum wages The minimum wages....

Small business owners……..The Covid-19 Hardship Grant application deadline is June 30th so if you meet the criteria get your submission in quick. This Grant is available to ALL business categories (not just tourism, hospitality etc).

(Note the processing time has recently doubled to 12 weeks.)

Employers. Change to Super threshold from July 1.……

Employers: The $450 eligibility threshold for super guarantee has been removed.

This means, as of 1 July 2022, you’ll need to pay your eligible employees’ super guarantee if they earn less than $450 per month.

To help you prepare for this change, we’ll update our guidance, online tools and calculators on 1 July 2022.

For more info visit www.ato.gov.au/Business/Super-for-employers/Work-out-if-you-have-to-pay-super/

Employers - Don’t underestimate the work involved in STP Phase 2 and ensure you understand and have a plan for what will need to be changed in your payroll reporting.

https://www.ato.gov.au/Business/Single-Touch-Payroll/In-detail/Single-Touch-Payroll-Phase-2-employer-reporting-guidelines/

Single Touch Payroll Phase 2 employer reporting guidelines These guidelines explain what is required for Single Touch Payroll (STP) Phase 2 reporting through your STP Phase 2 enabled software.

Enjoying some down time at King’s Park. Happy New Year!

Are you a company Director? You need to obtain a Director ID number……https://www.abrs.gov.au/director-identification-number

Director identification number | Australian Business Registry Services (ABRS) You need a director identification number (director ID) if you're a director of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation.

Business owners - Are you set up for e-invoicing? It is so easy with Xero. It could even help you get paid sooner.

E-invoicing in Xero – the new way to send bills | Xero Learn more about the benefits of sending e-invoices in Xero

This is my daily morning coffee view while I’m on holiday in Darwin which is coming to an end. It’s been great to relax in the warmth and sight-see.
As a business owner I’m able to take a break thanks to great staff and technology. Both valuable assets to a business small or large.

Enjoying a weekend at Crown Towers including the Anglicare Opshop Ball tonight. Have a good weekend everyone. (I will be sharing my new business logo very soon. )

Are you a small business owner not currently reporting amounts paid to yourself through payroll/STP? Then read on...
ATO:-
“From 1 July 2021, amounts paid to closely held payees will need to be reported through STP. If you're a small employer you can report these amounts on or before each payday, or you can choose to report this information quarterly.”


https://www.ato.gov.au/business/single-touch-payroll/concessional-reporting/closely-held-payees/

Closely held payees Information about Single Touch Payroll exemptions for small businesses, companies or trusts with directly related (closely held) payees.

E Invoicing is here for Xero users! This is the future of invoicing being driven hard by ATO and govt. Don’t get left behind.

E-invoicing in Xero – the new way to send bills | Xero Learn more about the benefits of sending e-invoices in Xero

Do you employee Casual employees? If so you need to know this Fairwork change that has just come in to effect and includes an information document that you must send to all your casuals...

cciwa.com

Small businesses are still struggling with the impact of Covid but they are so resilient. Xero shares some financial data....

February XSBI data sees improvements in jobs and revenue | Xero Blog February’s Xero Small Business Insights (XSBI) data, released today, highlights the impact of even short closures on small businesses.

Bradshaw Business Pty Ltd updated their business hours.

It's often difficult to appreciate what a great bookkeeper can do for your business. This guide, written by Xero, helps explain it....

When you should hire a bookkeeper | Xero Find out when you should hire a bookkeeper. Read more on the guides

Bradshaw Business Pty Ltd
Well, I am now "going it alone" as Bradshaw Business. Exciting times ahead. Excuse the temporary lack of Website/Logo etc.....