In July 2023, the superannuation guarantee statutory rate will rise to 11%. Annually, the rate is increasing by 0.5% until July 2025 when it will reach the legislated 12%. Prepare Now for the July Rate Rise Review your current superannuation … Read More
Compliance
Your monthly activity statement (BAS) is due on the 21st
Your monthly activity statement is due by the 21st of this month. Use the following checklist to make sure you are ready for lodgement day: Have you allocated all bank transactions to the correct accounts? Have you verified that the … Read More
Digital Signatures and Cyber Security
Authenticated digital signatures can be a valuable part of your cyber security approach. They are more efficient than printing, signing and scanning documents and provide one-off encryption for the highest level of security. In fact, they are more secure than … Read More
Your upcoming tax calendar for February and March
Welcome back to work after what was hopefully a restful and lovely summer break! And welcome to 2023, where we are truly looking forward to working with you and your business this year. In order for you to be across … Read More
When to Register Your Business for GST
Should you register your business for GST? Many business owners register their businesses from day one, regardless of income. Others, for example, many sole traders, choose not to register for GST until it is mandatory. However, it is common that … Read More
Your Q1 2023 Deadlines for the Diary
The new financial year has started with some changes – remember, super is now 10.5%, and most workers should be paid super on all ordinary earnings as the $450 monthly threshold no longer applies. We’ve highlighted some upcoming business lodgment … Read More
Company Director? You’ll need a Director Identification Number from now on
What is a Director Identification Number? During 2021, the government initiated a new system that attaches a unique identifying number to an individual who is a company director. A director has one number permanently attached to them, and this is … Read More
Has your ABN been cancelled without your knowledge?
Is your ABN still active? The ATO has brought in an automated cancellation notification service for potentially inactive Australian Business Numbers (ABNs). If you haven’t had any business activity or are behind in getting your activity statements lodged, the ATO … Read More
Understanding the Basics of Business Taxes
Understanding the Basics of Business Taxes Different business structures pay taxes in different ways. Although there are many taxes that a business might be affected by, the main ones are goods and services tax, income tax, pay as you go … Read More
Xero Bookkeeper Canberra ACT
Ascend Solutions provides your Canberra business with peace of mind, knowing that your Xero Bookkeeping is taken care by Certified and Professional Xero Bookkeepers. Your Canberra Xero Bookkeeper is certified in the latest updates and Xero best-practice Our team of … Read More