Hawkesbury Bookkeeping

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Small Business Late Lodgement Penalty Amnesty Program

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Do you have outstanding Business Activity Statements that need to be lodged?

In the recently handed down Federal Budget, the government announced a small business lodgment penalty amnesty program.

The amnesty gives small businesses an opportunity to get their Business Activity Statement lodgements up-to-date. This applies to BAS’ that were due between 1 December 2019 and 28 February 2022. The amnesty means that penalties for failure to lodge on time will be waived if outstanding activity statements are lodged no later than 31 December 2023. General interest charge will continue to apply.

If you have outstanding Business Activity Statements and wish to take advantage of the amnesty, get in touch with us to see how we can help.

Changes to Casual Employment Laws

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By 27 September 2021, employers (other than small business employers) need to assess whether any existing casual employees employed prior to 27 March 2021 are eligible to be offered permanent employment.

For more information, click here to visit the Fair Work website.

Stapled Super Fund

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From 1 November 2021, you will have an extra step to take if you have new employees who start and they don’t choose a super fund.

You may now need to request their ‘stapled super fund’ details from the ATO.

A stapled super fund is an existing super account of an employee that follows them as they change jobs.

This change aims to stop your new employees paying extra account fees for unintended super accounts set up when they start a new job.

To find out more, click here.

NewAccess for Small Business Owners

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Things are tough for small business at the moment and we need all the help we can get.

NewAccess for Small Business Owners is a free and confidential mental health coaching program, developed by Beyond Blue to give small business owners including sole traders the support they need. 

Click here for more information.