You don’t have to be an accountant or bookkeeper to understand your numbers, just as you don’t have to be a mechanic to drive a car. Having an overall understanding of your financial reports puts you in a far stronger position to make better decisions. On 23rd March Tuesday, Element Business and Accounting Solutions
If super is not paid by the due date, it is not tax deductible. By law, the ATO cannot extend the due date to pay super. If you miss a deadline to pay your quarterly SG contributions, you need to lodge a superannuation guarantee charge statement to the ATO. The ATO understand businesses may
Since February 2020 the ATO have been issuing alerts via email and SMS to self-managed super funds (SMSF) trustees when certain changes are made to your fund. This often occurs when you lodge the fund’s annual tax return. An alert may issue for changes to: financial institution account details electronic service address authorised contact
