Affected by Natural calamities? Visit an Accountant in Port Melbourne for relief.

Read this article instead of rewinding the business

As a reliable accountant in Port Melbourne, We understand businesses affected by disasters face difficulty paying their super guarantee contributions on time. We make every effort to help employers who are affected by natural calamities. If you're located in a disaster-affected area or are have been affected by natural disaster, you may be unable to make your quarterly super guarantee contributions payments on due date. If this is the case, contact us as soon as possible. Australian law does not allow us to extend the due date to pay the super guarantee contributions for your employees. You will need to lodge a superannuation guarantee charge statement and pay it accordingly. If required, we can talk to you about entering into a payment plan.

Suggestions on Super guarantee charge statement and calculator tool by the reliable accountant in Port Melbourne.

If you have not paid your employees' superannuation contributions to a super fund on time, you can use the SGC (super guarantee charge) calculator (electronic lodgment) or SGC statement and calculator tool (paper lodgment). These tools help you calculate the total SGC liability for applicable employees. Tax agents, insolvency practitioners and anyone experiencing difficulties submitting their SG statement via the Business Portal can use a spreadsheet version to lodge through the Tax Agent Portal or Business Portal.

Electronic lodgment - as explained by the reliable accountant in Port Melbourne

If you like to lodge an SGC statement in its electronic form, it's better to use the SGC calculator in the Business Portal External Link. The calculator guides you through a series of questions to evaluate if you are required to pay the SGC for your employees and calculate the amounts payable. The calculator will also electronically lodge your SGC statement with us.

Paper lodgment - as described by the reliable accountant in Port Melbourne

For paper lodgment, use SGC statement and calculator tool. This will produce the statement you need to print and send to us. To do this, the tool prompts you some questions. If you use this option, the nominal interest calculation may increase due to delay in sending the statement to us. If you are not sure whether you paid enough time for any of your employees or in the correct fund, you should use the calculator to reassure. When completing the statement, include those employees for whom you are required to pay the SGC. Tax Agent Portal and Business Portal users, including insolvency practitioners, can also complete and lodge this SGC statement as an attachment using the Mail function.

Calculating SG contributions (if your records are lost or damaged)

If your records are lost or damaged in a disaster, you can estimate super guarantee contributions using old records or consult a reliable accountant in Port Melbourne. You might get them from:

•    Your employees

•    Your bank

•    The super funds you pay contributions to

•    Records of PAYG payments you've made (that we also hold).

You should discuss how to make this estimate with your employees as they should have an understanding of how you're calculating their super payments. If you're winding up your business as a result of the disaster, you still need to pay your super obligations for your employees before you finish up. If you are unable to pay on time, you must lodge an SGC statement.

Top 3 reasons why hiring a bookkeeper in Richmond will benefit your business

Here are 3 powerful reasons why you should seriously take into consideration taking advantage of a professional bookkeeper in Richmond right from the outset -

• Most entrepreneurs cannot cope with too much admin - It might be an uncomfortable fact but most of the entrepreneurs are, by their very nature, creative people & these are not the types to enjoy routine administrative tasks. They are more often than not so busy chasing sales & attending meetings that paperwork regularly piles up on their desks or gets shoved in drawers on the basis that ‘out of sight is out of mind’. This is the first good reason to seek out for a bookkeeper in Richmond.

• The two things that will either make or break your business - Any business mentor will tell and guide you that there are two main things essential for any enterprise to be successful - Turnover and Cash Flow. If you do not have any sales, your business will be stillborn and if you do not manage your cash flow, the business will not survive even for a short span of five minutes. You should concentrate on generating turnover while relying on a bookkeeper in Richmond to manage your cash flow & chase up late payers.

• Valuable advice & experience - Entrepreneurs might think they know it all but the ones who go on to succeed are more often than not the ones who accept that they are not actually the fount of all wisdom & make a positive effort to obtain knowledge from other people. Businesses that hire a bookkeeper in Richmond find that they are not only getting someone who will keep their accounts up to date and make sure that the taxman is kept content but also someone who has an unparalleled wealth of first-hand knowledge & experience. Remember that each of these professionals will have been dealing with scores of other businesses, some of which will be young and some will have been established for a good number of years.