Welcome to our July monthly newsletter!

Happy new financial year! We cannot wait to complete your tax returns. We do however recommend waiting until the 15th of July to have your tax return completed if you are an individual taxpayer. This ensures the ATO have all the information required and reduces the likelihood of an amendment in the case of missed information. We recommend waiting until September if you are in business to ensure all activity statements for the year have been lodged and payroll has been finalised. Please contact us if you are unsure of what information you will need to complete your tax return.



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Monthly tax tip:

If you are an employer then you should know that there have been some recent changes to the superannuation guarantee for employees. The old rate of 10% has now been increased to 10.5% and will increase each year for the next 3 years. This added expense for employers could mean a slower rate of payment for this super liability if it has not been included in the budget for your business. It is important to note that superannuation paid late will result in NO tax deduction! It will also require an SGC statement to be lodged and penalties/charges would be payable. Superannuation should be paid for all adult employees at the minimum rate, 28 days after the end of the quarter. You could also start paying super monthly to spread out the liability throughout the year and to assist your cash-flow.

If you would like to schedule a consultation with us, then please jump onto our website where you can see our availabilities and book a time that suits you.


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Important Dates!

14 July:

  • STP finalisation is due in payroll software on this date

21 July:

  • Lodge and pay June 2022 monthly business/instalment activity statement

28 July:

  • Lodge and pay quarter ending 30 June 2022 activity statement if lodging by paper
  • Make super guarantee contributions for quarter ending 30 June 2022 to funds by this date
  • Pay quarter ending 30 June 2022 instalment notice. Lodge the notice only if you vary the instalment amount


Click to email us about the above





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