Its nearing end of financial year. There are always checks to be done by your bookkeeper to make sure you are claiming enough tax deductions.
The ATO recently changed the deadline for the “closely held employees” to connect for Single Touch Payroll. Its not required by 1st July 2021. Closely held employees is someone who is directly related to the business that pays them such as family members of a family business including directors.
Its a good time now to get your bookkeeping up to date.
Trying to do it yourself, doesn’t always save you money like you may think. It will cost you more money for your accountant (on a higher hourly rate) to fix any errors at end of year when a bookkeeper/BAS Agent can have it completed with no errors from start to finish each month.
Industries I work with:- Restaurants, Trades such as plumbers, landscapers, cleaners, painters, engineering, manufacturing and more.
