by welsh-tax | Jun 8, 2023 | Accounting, Superannuation, Taxation, Xero
14 June: Submit and approve Auto Super batches by 14 June to ensure that they are cleared funds in superannuation accounts by 30 June. To be deductible in the 2023 tax year the funds must cleared in Super accounts by 30 June. Due to the volume of super contributions...
by welsh-tax | May 4, 2023 | Accounting, Australian Taxation Office, Taxation
The Australian Taxation Office has changed one method for claiming working-from-home deductions for the 2023 income year. From 1st July 2022 to 28 July 2022, the ATO will accept a representative 4-week diary of your hours. From 1st March 2023, a record of all hours...
by welsh-tax | Mar 2, 2023 | Accounting, Australian Taxation Office, Super Guarantee Threshold, Superannuation, Taxation
If you are a monthly superannuation payer you must pay your super guarantee by the 28th day of the following month. To ensure that super is paid by the due date we would suggest making payments no later than 21st Month that it is due. Jan 28th for December Super Feb...
by welsh-tax | Mar 2, 2023 | Accounting, Australian Taxation Office, Finance, Refinancing, Taxation
With interest rates and cost of living increases we should all be thinking about what we can do right now to tighten our financial belts. Here are a few tips to consider: Have your loans/ credit cards/ credit accounts reviewed by a Finance broker and see if...
by welsh-tax | Mar 1, 2023 | Accounting, Australian Taxation Office, Finance, Taxation
An invoice is a document that is time/date and itemises and records a transaction between a buyer and a seller. If goods or services were purchased on credit, the invoice usually specifies the terms of the transaction as well as information on the payment methods....
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