Don’t Forget to Pay Your Super!
Quarter 3 superannuation payments are due on 28th April 2021.
With the introduction of Single Touch Payroll and super reporting, it is easy for the ATO to check if payments have been made on time. And now that late superannuation payments are not deductible, it is even more important to make sure you pay your employees’ superannuation on time.
2020 Company Tax Due
The due date for company tax is 17th May 2021 except for medium & large entities and those that lodged late last year.
Notices of Assessments are not issued for companies so you will find the amount payable on your company tax return and on the correspondence you have received from us. If you have any questions then you can always call the office.
NSW Government Rebate
The NSW Government are offering small business owners a rebate of up to $1500 for eligible NSW and local government fees including licences, vehicle registration fees and council rates.
To be eligible businesses need to have a turnover of at least $75,000 per year, be registered for GST and have annual wages < $1.2million.
Oline applications are open now and more information can be found on the Services NSW website.
Northern Beaches Hardship Grant
The Christmas lockdown on the Northern Beaches put a strain on many businesses especially those gearing up for the busy holiday season. As a result the NSW Government are offering one-off grants of either $3,000 or $5,000 to help impacted businesses.
To be eligible businesses need to have an ABN that is registered to the Northern Beaches Local Government Area (LGA) or demonstrate their business is physically located and primarily operating in the Northern Beaches LGA at 1st December 2020. They also need to have to have an annual turnover of at least $75,000 at March 2020, employ fewer than 20 employees and have annual wages < $1.2million and have had unavoidable business costs during the Northern Beaches Public Health Order.
To be eligible for the $3000 grant, small businesses and not-for-profit organisations must also:
- have experienced at least 30% decline in turnover due to the Northern Beaches Public Health Order over a minimum 2-week period from 19 December 2020 to 10 February 2021 compared to the corresponding period a year earlier.
To be eligible for the $5000 grant, small businesses and not-for-profit organisations must also:
- have experienced at least 50% decline in turnover due to the Northern Beaches Public Health Order over a minimum 2-week period from 19 December 2020 to 10 February 2021 compared to the corresponding period a year earlier.
Businesses will be able to apply online through Services NSW from late April 2021.