All In Advisory

📆 JUNE IAS/BAS ALERT 📆 Mark your calendars and get ready for the June 2024 Monthly Instalment + Business Activity Statement (BAS) event. Circle the date: 21 July 2024! Meeting this deadline spot-on ensures smooth sailing for your budget and keeps those pesky penalties at bay. Need help navigating the tax terrain? Don't fret! We are here to guide you through with ease. Questions or feeling stuck? We're just a hop, skip, and a click away at https://ow.ly/6QAq50Qi8t1.

🏠WORK FROM HOME (WFH) DEDUCTIONS🏠 Heads up, WFH warriors! The taxman-ian devil is cracking down on work related expenses this year, especially with the new WFH deduction rules. The 80c shortcut method is out, and the revised fixed rate method is in at 67c per hour. Make sure you have comprehensive records like your hours worked and additional costs to back up your claims to avoid the dreaded “please explain” from the ATO! Need more info? Check out our blog to stay on the good side of the taxman-ian devil and get the deductions you deserve! 👉 Read More https://loom.ly/VoQSG2M

💲 JUNE QUARTER SUPER REMINDER 💲 Employers, this is a reminder to keep you on track with the June quarter superannuation guarantee contributions (SGC) for your employees. Mark 28 July on your calendars as the key date. Be mindful that the SGC rate increased to 11.5% on 1 July so make sure your payroll systems have been updated. For those utilising Xero payroll it would have been automatically updated. Remember to initiate your payments via AutoSuper well in advance to ensure clearance by 28 July (heads up, it can take up to 10 days). Super important to remember that superannuation contributions form part of your employees' total remuneration, and on-time payments are imperative to prevent these contributions from becoming non-deductible expenses. Moreover, late payment will lead to penalties and general interest charges that cannot be remitted. For additional important dates, take a look at our comprehensive due dates list here: https://loom.ly/mNCjz-c Ensuring your financial wellbeing is our top concern! 😜

🚨GIVE YOUR BIZ A BOOST | BIZ COACHING🚨 Sounds like your biz could use a cheerleader, coach, or mentor—or all three! Whatever you need to give your biz (and your books) that extra boost to start kicking goals, we’re here to help. We've empowered hundreds of biz owners just like you to build a solid foundation and feel confident in their business. Say goodbye to the stress and worry that turns your hair grey and get back to focusing on the fun parts of your biz. With over 30 years of experience working with small, medium, and large biz owners across nearly every industry, we've got the expertise to support you in doing what you do best—even better. We offer: 🌟 Business Strategy 🌟 Planning and Goal Setting (because failing to plan is planning to fail) 🌟 Action Plans (the light at the end of the tunnel) 🌟 Accountability Catch-Ups 🌟 Mentoring and Coaching 🌟 Change Management 🌟 Education and Support 🌟 Network Connections to help you thrive Ready to take the next step? Book a consultation today (https://lnkd.in/guXsq3bG) and check out our blog where we walk you through the benefits of us being your biz coach. https://loom.ly/Q5vDu0M Remember, we are more than just numbers people - we are your business's biggest cheerleader. Why settle for a coach who’s not invested when you can have a dedicated partner who is ALL IN with you? Let’s make this financial year your best one yet!

🚨 3 ATO FOCUS AREAS🚨 ATO Alert everyone! To stay on the good side of the taxman-ian devil this financial year be sure to do the following as they are keeping a close eye on them: 🚨Work-Related Expenses: Keep accurate records and don't over-claim. 🚨Rental Properties: Don't inflate your claims, ie, ensure your claims for repairs and maintenance are legit. 🚨Income Reporting: Include all sources and avoid rushing your lodgment. (PS. The ATO has alot of income data already, you can't hide it from them, ie, they know what you did last summer 😜) Don’t let these common errors trip you up. Need help? We're here to make sure your tax return is smooth sailing! Check us out here www.allinadvisory.com.au

⚠️STP FINALISATION⚠️ The end of financial year has passed, and the STP finalisation deadline is looming, 14 July to be exact! We know your employees are chomping at the bit to lodge their income tax returns so hop to it. Need help? Don’t stress! We’re here to support you finalise payroll smoothly. Our oh so cool team knows the ins and outs of end of year payroll and STP finalisation, making sure everything is accurate and submitted promptly. Let’s make this year-end a breeze and keep your employees happy. Ready to get started? Check out our website for more details and let’s tackle those payroll obligations together! www.allinadvisory.com.au

📣 BLOG 📣DESTRESS YOUR EOFY With Our Survival Guide According to a recent survey, 71% of small biz owners find the end of the financial year (EOFY) an anxiety inducing experience. Is that you? Because it doesn’t have to be that way! With a sprinkle of preparation, a dash of delegation, and a splash of digital tools, we’re here to help you transform tax time into a breeze. Teaser Alert: Discover how to get organised, delegate like a pro, and embrace digital tools that will make us (and you) jump for joy. From EOFY checklists to cash flow monitoring, we’ve got the lowdown on making EOFY stress-free and successful. Ready to stress less and achieve more? Dive into our latest blog and let’s make this EOFY the best one yet! https://loom.ly/8A4NxX0

🍫HAPPY WORLD CHOCOLATE DAY🍫 We're ALL IN for celebrating with some choccy goodness! Whether it's dark, white, or milk – who cares? We love it all! 😆 Our team is just as sweet and diverse as our chocolate choices. So why not pop over to our website and meet the crew that's making your financial dreams come true. Check us out and let's share some chocolatey joy together! https://loom.ly/TnhQxNY

📰ALL IN THE LOOP📰 Why did July bring a ladder to work? Because it wanted to climb to new heights in the new financial year! 😆 Jump into July with our jazzy, jam-packed edition of the All In the Loop Newsletter! As we embark on a journey through the fresh fiscal year, we’re here to jettison your worries and jazz up your finances with joy. 📣Read our blog on the EOFY Survival Guide 📣1 July Changes: Stay ahead with updates on superannuation, award increases, and tax cuts 📣July Deadlines: Key dates to keep in mind this month. 📣Biz Boost: Discover how our biz coaching and mentoring can help your business thrive. Ready to get all the juicy details and make this financial year the best one yet? Click the link below to dive into the full newsletter and get the scoop on all things financial and fabulous. https://loom.ly/EdxYv_M

⚡1 JULY CHANGES⚡ As the new financial year dawns - yippee! It's now time to get ahead of the game with some crucial updates. Ignorance is not bliss here, folks!  🚨Superannuation Guarantee (SG): The SG rate rises to 11.5%. Update your payroll systems; Xero payroll has you covered and will update automatically. 🚨Superannuation Contribution Caps: Concessional caps rise to $30,000. Stay within annual limits to avoid penalties. Engage with us or a financial planner to maximise benefits. 🚨Minimum Award Increases: FairWork Commission ups minimum award wages by 3.75% from 1 July 2024. Update your payroll systems to stay compliant. 🚨Tax Cuts: Tax brackets are adjusting, saving you money. Update your payroll systems for the first full pay period starting on or after 1 July 2024. If you use Xero this will happen automatically. Get ALL the details in our blog and make this financial year the best yet! https://loom.ly/KE4wO4M