July Monthly Newsletter

Managing Senior Accountant - Chesterton Accounting

Happy Financial Year! We have been extremely busy assisting our small business clients through the pandemic and have somehow fallen upon tax time already! We hope to continue to provide assistance to your business this financial year amidst the busyness. We will commence tax appointments from mid-July and will be providing face to face appointments as usual, but will be offering phone consultations for those who would prefer not to have a face to face appointment. We have also made the decision to donate $10 from every tax return lodged between July-September to Rural Aid Australia. Our Aussie farmers have had a tough year and we would love it if you would help us give back to them for feeding our families. How can you help – you can donate directly to Rural Aid Australia, advertise your business as we are to donate a portion of your profits, share this message to others.

Head on over to our Website
Monthly tax tip:
Donations are a great tax deduction if made correctly. When you make a donation to an organization, it will be classified as either tax deductible or non-tax deductible – so how would you know the difference? Majority of tax deductible donations will come with a receipt stating this information however some do not. For a donation to be tax deductible, you should ensure the following: a receipt is kept, it is a legitimate donation and not just money spent at a fundraiser for something in exchange (e.g. a wristband for a mental health charity or a teddy bear for a cancer charity), the organization is a registered charity that is a deductible gift recipient (this information can be found on ABN Lookup by searching the name of the organization).
If you would like to schedule a consultation with us then please jump onto our website where you can see our availabilities and book a time that suits you.
Book an Appointment
Important Dates!

14 July:

  • Make the June monthly business declaration for the JobKeeper Scheme
  • Finalise STP (single-touch payroll) for the 2020 financial year for employers with 20 or more employees

21 July:

  • Lodge and pay June 2020 monthly business/instalment activity statement

28 July:

  • Make super guarantee contributions for quarter ending 30 June 2020 to funds by this date
  • Lodge and pay quarter ending 30 June 2020 activity statement if lodging by paper
  • Pay quarter ending 30 June 2020 instalment notice. Lodge the notice only if you vary the instalment amount

31 July:

  • Lodge TFN report for closely held trusts for quarter ending 30 June 2020
  • Finalise STP (single-touch payroll) for the 2020 financial year for employers with 19 or fewer employees
Click to email us about the above

Zoe Chesterton

Managing Senior Accountant - Chesterton Accounting

Here at Chesterton Accounting, we specialise in small businesses. We are passionate about the growth and succession of small businesses.

Chesterton Accounting
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