This month we're bringing you an important update from the ATO about lodging your activity statements online, how to manage your Super at any age and an accounting cheat sheet to help you manage any challenges that arise in your business.

If you need any help with anything, please don't hesitate to give us a call.

IMPORTANT UPDATE FROM THE ATO

From 1 July 2014 the ATO and other government agencies have started moving all their lodgement operations online.

From 1 July 2014 if we lodge Business Activity Statements (BAS) and Instalment Activity Statements (IAS) on your behalf, you will be converted to electronic lodgement and won’t receive paper forms as you have done in the past.  This process cannot be undone.

How to access your activity statements going forward

If you still want to access your activity statement, you can do this by getting access to the Business Portal. The Business Portal allows you to:

• view and lodge activity statements
• view business tax account details
• access online tools and calculators
• view payment options
• obtain an electronic funds transfer (EFT) code
• obtain a payment slip.

If you have any questions at all, check out the FAQ provided by the ATO or get in touch with us.

According to a study undertaken by the Small Business Administration, 28% of companies go bankrupt due to problems with the financial structure of the company. Many of these problems could be avoided by following good accounting practices. Keeping a record of your financial details IS important to the livelihood of your business.