Managing a small business or working as a sole trader is no easy task. You’re wearing all the hats — and often finances end up being reactive rather than strategic. Here are five financial strategies to help your business grow. 1. Get Clear on Your Cash Flow Cash flow is the lifeblood of your business. Without a clear understanding of what’s coming in and going out, you’re flying blind. Invoice clients… Read more
With the end of the 2024–2025 financial year approaching fast, now is the perfect time to review your financial position and implement strategies that can minimise your tax liability and maximise your benefits. Whether you’re a business owner, sole trader or individual taxpayer, proactive planning can make a big difference, in this article we explain how to get the most out of your 2025 tax return. Here are 10 effective… Read more
See below ATO Lodgement and Payment Dates May 2025 15 May Lodge 2024 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups) and are not eligible for the 5 June concession. Due date for companies and super funds to pay if required. 21 May Lodge and pay April 2025 monthly business activity statement. Lodge and pay Fringe benefits tax annual return if lodging by… Read more
Please see details of April/May 2025 ATO compliance requirements. April 2025 28 April Pay quarter 3, 2024–25 instalment notice (form R, S or T). Lodge the notice only if you are varying the instalment amount. Make super guarantee contributions for quarter 3, 2024–25 to the funds by this date. Note: Employers who do not pay minimum super contributions for quarter 3 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement by 28 May… Read more
March/ April ATO Compliance ATO lodgement and due dates for February and March 2025. March 2025 21 March Lodge and pay February 2025 monthly business activity statement. April 2025 21 April Lodge and pay quarter 3, 2024–25 PAYG instalment activity statement for head companies of consolidated groups. 28 April Pay quarter 3, 2024–25 instalment notice (form R, S or T). Lodge the notice only if you are varying the instalment amount. Make super guarantee contributions for… Read more
Welcome to our February Business Wrap – stay in the know with some recent news updates relevant to business and the economy. February rate cut still a possibility, says AMP | Accounting Times The Reserve Bank could cut interest rates as soon as next month if the December quarter inflation rate falls below the RBA’s forecasts, according to the AMP chief economist. Accounting bodies continue fight against GIC… Read more
ATO lodgement and due dates for February and March 2025. February 2025 21 February Lodge and pay December 2024 monthly business activity statement for business clients with up to $10 million turnover who report GST monthly and lodge electronically. Lodge and pay January 2025 monthly business activity statement. 28 February Lodge and pay quarter 2, 2024–25 activity statement for all lodgement methods. Pay quarter 2, 2024–25 instalment notice (form R, S or T). Lodge the… Read more