This newsletter was published on 29/09/11. Click here to view the original e-newsletter.
Our newsletter will seek to keep you up to date with all the latest developments in Australian bookkeeping, management accounting and superannuation. We’ll also share insights on how changes will affect your business.
In this month’s issue we remind our clients about the upcoming end of Quarter 1, so if Q1 BAS and Super contributions are not on your radar yet please continue reading below.
Regards,
Tim Hoopmann
Director
Quarter 1 ends on September 30th
It’s hard to believe but we are almost at the end of the first quarter of the 2011/12 financial year.
This means it’s time to get your BAS and Superannuation contributions organised.
Your BAS is due on 28th October.
Don’t be alarmed if you’re not ready. Cornerstone Group can extend the deadline until 11th November because we lodge your statement electronically.
Work closely with your Cornerstone bookkeeper to ensure they have all your receipts, statements and paperwork so we can meet this deadline.
Require financial reports more regularly than quarterly?
Email info@cornerstone-group.com.au or call the office on 9386 1427.
Super Contributions are due on 28th October.
It’s important that you pay the minimum super contributions for the quarter by this date. If you don’t pay on time you be required to pay the super guarantee charge and we will lodge a Superannuation guarantee charge statement on your behalf by 28th November, 2011. The super guarantee charge is not tax deductible.
Superannuation Clearing House
The Australian government is now offering a free superannuation clearing house service to small businesses with less than 20 employees. The new service is designed to reduce red tape.
Your Cornerstone bookeeper will discuss setting up this service for you when they prepare your superannuation this quarter.
If you have any questions regarding BAS and Superannuation for Quarter 1, please don’t hesitate to email us: info@cornerstone-group.com.au.