•  Payment Summaries
Have you paid employees this financial year? Don’t forget to provide them with their payment summary by 14 July – even if you didn’t
withhold any tax.

Payment summary specifies how much you paid them in the 2015-2016 financial year, and how much you withheld from the payments.

We can provide you with PAYG payment summary – individual non-business (NAT 0046), or you can obtain it from ATO website.

• PAYG withholding Annual report
Your annual report recording the wages, salaries and other work-related payments you have paid needs to be lodged by 14 August.

Did you know that lodging earlier benefits your employees?

ATO will use your information to prefill their tax return making it easier and quicker for them to lodge. Lodge your paperwork early this year and tick it off your list!

• Tax tables
Start the next financial year on the right track and check you’re using the current PAYG

withholding rates for your employees with our tax tables. You can also use ATO official tax

withheld calculator. More calculators are provided at the bottoms of our website.

• Superannuation
Your quarterly superannuation payments are due on 28 July. We can set reminders and alerts for important dates like this one.

Source of information: ATO Webside. Fore more information, please contact us on 02 9283 2888

1. Studying

You may be able to claim self-education expenses such as textbooks, stationery and computers, provided the study is related to either maintaining or improving your current occupational skills, or it is likely to increase your income from your current employment.

2. Outright deductions for eligible small businesses

If you’re an eligible small business, you may be able to claim an outright deduction for every item purchased before the year’s end that is for full business use under $20,000.

3. Work-related claims

If you are employed you can claim up to $300 for work-related expenses without providing documentary evidence, provided the expenses were incurred in doing your job. If you are claiming over that amount you must keep receipts for the total claimed.

4. Make the most of being small

If you have a business turning over under $2 million per year, you could be classified as a small business entity and could be eligible for some tax breaks.

5. Working from home

When part of your home has been set aside primarily or exclusively for the purpose of doing work, you may be able to claim a deduction for home office costs such as heating, cooling, lighting, and even depreciation of your office equipment.