As we head into November, make sure you're up-to-date with this month’s key compliance deadlines. Staying on top of your obligations not only keeps your business running smoothly but also helps you focus on growth as the year winds down.
Key Dates for November 2024:
📅 7th November – October Monthly Payroll Tax: Ensure your payroll tax is lodged promptly to avoid penalties and keep your cash flow in check.
📅 21st November – October Monthly BAS/IAS Due: Submit your Business Activity Statement (BAS) or Instalment Activity Statement (IAS) to stay compliant.
📅 25th November – September Quarter BAS (lodged with a Tax Agent): If you're working with a tax agent, make sure they have everything they need for a smooth lodgment.
November Business Tips from HelloLedger:
🌱 Review Your Cash Flow:
With payroll tax and BAS due, now is a great time to review cash flow projections. Keeping cash flow healthy as the year wraps up positions your business well for a strong start in 2025.
📊 Organise Financials for BAS:
Regularly updating records and keeping receipts organised makes preparing BAS/IAS much easier and minimises end-of-month stress.
🌐 Plan Ahead for the Festive Season:
As December approaches, consider the impact of the holiday season on your business. Forecast holiday sales or prepare for any seasonal closures, so your finances and staffing are well-aligned.
🌟 Take Advantage of Tax Agent Extensions:
If you're using a tax agent, November is a reminder that extensions are available, helping you avoid the last-minute rush for September Quarter BAS.
At HelloLedger, we're here to support you through these important dates and help you keep your business thriving. From payroll tax to BAS and everything in between, we've got you covered! 🌟📑💼
Need help or advice? Get in touch—your success is our priority!
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