Accounting, Business Accounting

The CSBA Client Calendar

In the whirlwind of running a business and a life, time is a precious asset.

Our clients juggle multiple tasks and deadlines. Our CSBA Client Calendar empowers business owners, individuals and families to plan for the year ahead with a goal of providing clarity, confidence and control.

Goodbye confusion, no more indecision and hello peace of mind.

January

>> Reflect on your personal wellbeing goals for you and the ones you love. Try the 8 Dimensions to get you started.

Stay tuned for updates in January or February on Consumer Price Index (CPI) and Average Weekly Ordinary Time Earnings (AWOTE) figures. These numbers could affect the transfer balance cap, contributions caps and total super balance thresholds from July 2024.

Quarter 2 of the financial year superannuation payments are due.

February

>> Think about a review of your Finance Facilities including your lending terms, debt and plan for your assets. Let’s Chat

Stay in the know with regards to potential changes in superannuation contribution caps due to any AWOTE increases. If caps increase to $30,000 (concessional) and $120,000 (non-concessional) it could affect high superannuation balances.

March

>> Get ahead of tax season! Understand income timing, expenses, deductions and super contributions before June 30th. Let’s Chat about our Top Tax Planning Strategies.

>> There comes a time when the sale of your company will generate enough income to fund the rest of your life. We call it the Freedom Point. Click for your free report.

April

Are you considering a downsizer superannuation contribution after selling a qualifying dwelling? Timing matters. For example, for settlements in April 2024, making contributions after July 1 ensures these won’t count towards your total super balance until June 30, 2025.

Quarter 3 superannuation payments and BAS statements due for business owners.

May

The budget is traditionally held on the first Tuesday in May!

Fringe benefits tax return, company income tax returns, payroll, partnership and trust income tax returns due for lodgement.

June

It’s time to optimise concessional superannuation contributions before the financial year ends. Reviewing contribution strategies now is crucial, especially with the expiration of unused concessional contributions from FY19 and stage 3 tax cuts starting on July 1.

July

>> The start of the financial year is a wonderful time to get a start on your business planning session. Let’s Chat.

ATO opens tax returns. Due date for PAYG withholding payment summaries to be supplied to employees. Quarter 4 superannuation payments and BAS statement due.

Sole trader/self employed: If you lodge by yourself your tax return can be lodged from 1 July to 31 October each financial year.

August

Take stock on what is changing, about to change or you want to change in your business or life. For example first home, investment property, divorce, caring for parents, sending kids to university or having your first child.

Deadline for disclosing employee PAYG withholding information to the ATO.

>> Did you know 75% of business owners regret the decision to sell their business one year after they exit? Get your Personal Readiness to Exit Score today.

September

>> Working out how much your business is worth can be an important part of getting finance, attracting investors or selling your business. Check out the 8 factors that drive value here.

>> Have you considered monthly business accounting insights and analysis for your business? Let’s Chat.

October

>> Cash flow management is not so spooky! It’s the key to achieving your goals and the lifestyle you are working hard towards. An assessment of your cash flow will help you model different scenarios to ensure you get there! Let’s Chat.

Quarter 1 Superannuation payments and BAS statement due. Final date to lodge tax returns.

November

Do you need to review your charitable giving strategy for the Christmas period?

>> Are you navigating your life, financial and legal complexities with help? Chat to our team about your strategic estate plan and access support and guidance.

December

>> Working out how much your business is worth can be an important part of getting finance, attracting investors or selling your business. Check out the 8 factors that drive value here.

>> Do you need support navigating the ever-evolving landscape of the financial markets? Read more about our 4 financial principles for investing.

Mission, Vision, Core Values and Timeline.

Please click here to download a copy of the Collins SBA Financial Services Guide 2024

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