In this Issue:
REMINDER: Get your receipts to us – remember to send your bank statements.
To ensure we can provide our best service and support, can you please complete the tasks that are relevant to you:
Please ensure the tasks are completed and you notify us it is ready before the “Tasks Due” date, to take advantage of our guarantee that your BAS will be completed on time.
We appreciate your support!
It is always good business practice to check the ABN on the Supplier’s invoice and to check that the Supplier is registered for GST if they have charged GST. Payers must check that:
If you have paid a supplier that has used an invalid ABN or is not registered to charge GST, but they have, then the ATO position is that you are not allowed to claim back that GST from the ATO, and from 1st July 2019* neither are you allowed to claim a deduction for that payment.
How to Check the ABN:
ABN lookup allow you to do multiple searches using ABN or names via a spreadsheet.
The Payment Times Reporting Scheme aims to improve payment times for Australian small businesses. Under the scheme, large businesses and government enterprises must report their payment terms and times for small business. See the link below for more info:
Australian small and medium-sized enterprises (SMEs) and individuals and vulnerable groups like older Australians, continue to be targeted by malicious cybercriminals looking to steal money and data.
In the 2020–21 financial year, the Australian Cyber Security Centre (ACSC) received over 67,500 cybercrime reports, an average of one every eight minutes. This is an increase of nearly 13 percent from the previous financial year.
Get help HERE
Small businesses provide local communities with vitality – they’re the lifeblood of our communities.Many local kids have their first job in a small local business, whether it’s a local restaurant, shop or with a bookkeeper or solicitor. Without them, and their support for our community groups, things wouldn’t be the same.
We encourage everyone to GO LOCAL FIRST and support their small, local businesses through these difficult times. For more information see GO LOCAL FIRST.