It’s already a new financial year! There are a few things to remember to do at the start of the year and a few things you need to make sure you’ve ticked off your list:
Payroll needs to be finalised and submitted by 14 July, your employees can’t get their tax returns done until you do this so don’t forget!
Superannuation is now 10.5% (this will happen automatically if you use an up to date payroll software system). You also need to pay super if employees earn less than $450/month which you haven’t had to do in past years.
If you are an advisory client have you remembered to book a workshop. Non advisory clients please contact us for information if you’d like to attend a workshop.
If you do annual price rises then up date your prices, if not decide if it’s time to a price rise.
Onswitch 7 steps consult program
We caught up with Alison Lambert who was one of the international guest speakers at the AVA conference. Consulting room efficiency seems to be the most significant bottleneck in veterinary practices and we think many of you would benefit from improving the consult room technique and consult room efficiency across your entire vet team – the boss included!
Alison from Onswitch has an interesting program that deals very specifically with coaching vets in the consulting room. When you consider that most vets spend a significant portion of their time doing this then it makes sense to allocate some training to this area.
Alison will be doing a zoom based 7 Steps Consult programme – 2 parts a week apart for a small group of max 8 folks – you can register using this link:
Many of you are employing more people and have given wage rises. Don’t forget that you may have to register for and pay payroll tax. You should do a quick check on your wages, super and locum payments for last year and see if you have reached the threshold for your state:
NSW $1.2m Vic $700,000 Qld $1.3m SA $1.5m WA $1m Tasmania $1.25m ACT $2m NT $1.5m
Dog Tales!
Some of us dogs are greedy and could eat a weeks worth of food in one go – but that’s not necessarily good for us. Instead, we all know that its healthier and much more manageable on our tummies if we get 2 regular meals a day.
Here at the accounting office we are training our humans to do something similar, not with food, but with their tax work instead.
The crazy humans at this office LOVE doing tax work almost as much as us dogs love our food, but it simply cannot all be done in a short sitting. Many accounting firms try to do this and end up receiving all their clients tax work in the last few months of the year thus giving them and their clients a ‘tax tummy ache’.
So to avoid the ‘tax tummy ache’ we have trained our humans to do things better. Just like regular meals, your work will be allocated to a very specific time in the year. Our humans have been trained to send you an email telling you the precise dates that have been put aside for your tax work. This will ensure that they have the time they require to give your important work their undivided attention and not get ‘tax indigestion’.
So watch out for an email requesting all your tax information to be sent in before a very specific date. These dates have been given to you specifically so that your tax gets the undivided attention it needs.
APL Accountants and My Tax Vet, 2 Genoa Ct, Cleveland, Qld 4163, Australia, Liability Limited by a scheme approved under Professional Standards Legislation
