Resources

ATO Small Business Assist  132 866

Fair Work Ombudsman - advice to help you understand your workplace rights and responsibilities 131 394

The ATO app is full of useful tools such as, tax withheld calculator, ABN look up, key date reminders and many more.

When lodging quarterly BAS electronically through a BAS agent businesses receive an extension to their BAS lodgement and payment due dates:

April - June 2020 - due 25 August 2020

July - September 2020 - due 25 November 2020

October - December 2020 - due 28 February 2021

January - March 2021 - due 26 May 2021

April - June 2021 - due 25 August 2021

Super payments must be made at least four times a year, by the quarterly due dates:

July - September - due 28 October

October - December - due 28 January

January - March - due 28 April

April - June - due 28 July

A worthwhile government resource is the New to Business Essentials program. Through the program you will receive a series of modules with a focus on the key challenges faced by businesses in terms of setting up a business, sales, compliance, record keeping and management. 

Other useful resources, such as information on business structures, required registrations can be found on the same website  www.business.gov.au

It is important for small business owners to understand their legal requirements for record keeping. Useful information can be found here.

The ATO provides information on how to correctly issue tax invoices.

Fair Work Information Statement

Employers have to give every new employee a copy of the Fair Work Information Statement before, or as soon as possible after, they start their new job. 

A Tax File Number Declaration must be completed by both employers and employees at the start of employment and lodged with the ATO within 14 days.

Superannuation Standard Choice Form  for employees to tell an employer of their choice of fund.

Single Touch Payroll (STP) came into effect on 1 July 2019 for all employers (with some extensions allowed).

Salaries and wages, pay as you go (PAYG) withholding and superannuation information is reported to the ATO from payroll software each time staff are paid. 

Employers will no longer send out payment summaries, instead they will lodge a Finalisation Declaration at the end of the financial year. After this is completed, the payroll information will be sent to the employee, by the ATO via MyGov. 

From 2020 the ATO will pre-fill activity statement labels W1 and W2 for small to medium withholders with the information reported through STP. If employers currently lodge an activity statement, they will continue to do so. 

The ATO have produced this factsheet for employees.