This has probably been the most difficult year ever for business owners due to the impact of COVID-19. And this makes Tax Planning for 2020 and key actions before 30 June more important this year than for any previous year. As a business owner, there are many obligations that you need to consider and action just before and after 30 June.
Xero Certified Renae was already proficient in operating Xero with Carrick Aland’s clients and had experienced very positive outcomes using it, so it was a no brainer when it came to bringing her family’s farm onto a cloud bookkeeping system. We look at some of the key ways Renae helped to streamline the cotton farm’s bookkeeping.
Single Touch Payroll (STP) compulsory for all businesses from 1 July 2019. Visit carrickaland.com.au/caconnect/ to find out how Carrick Aland can help get your business ready for STP on 1 July 2019
To ensure that you don’t lose your tax deduction for your employee or contractor payments, lodge your BAS on time, lodge your STP events every time you pay wages and withhold the correct amounts from your payments to employees and subcontractors. Read why.
Joining Carrick Aland in 2010, Emma learned her new profession from the ground up and is now a Xero Certified Adviser and a member of Jenny Lambley’s team. These days, she works with a range of businesses and not-for-profit organisations on their bookkeeping, typically BAS, data entry and payroll.