One of the questions raised last week in “Ask The Tax Chic” was – when is my December BAS due?

If you lodge you BAS (Business Activity Statement) on a monthly basis, there are no concessions available over the Christmas/New Year period and your due date remains 21st January, 2016.

However, if you lodge your BAS on a quarterly basis, your usual due date is 28th January, 2016 but you are granted an automatic extension to 28th February, 2016!

But remember…there are no further extensions to this date!

So feel free to take a break over the Christmas/New Year period, but please make it a priority on your return.

Regards

“I’m starting a new job, what forms do I need to fill out?”

This a question I get asked a lot…and in part, the answer depends on the job itself as well as the employer.

You may have to review and sign an employment contract (which is always a good idea!), but as far as individual forms go, at the very least you can expect to receive and complete the following:

• Tax File Number declaration – this form advises of your circumstances in regards to the Australian Taxation Office (ATO) and dictates how much PAYG Withholding your employer must retain from your wages payment, a copy must also be sent by your employer to the ATO
• Standard Choice Form – this is for superannuation and advises your employer where they should pay your superannuation contributions, be sure to read the form carefully and provide all of the supporting documentation
• Personal details – this is not a prescribed form, but most employers will want some personal details such as address, bank details and emergency contact and in the absence of a formal employment contract it should clearly dictate your start date and the nature of your employment which is extremely important for calculating leave entitlements

Hope that answers your question!

Regards

That’s right…today is my birthday!

I can’t believe that a full year of celebrating my 40th birthday has come to an end…

Never one to shy away from a challenge, to celebrate my 41st birthday – I’m giving myself a day off blogging!

I hope you will all enjoy a coffee and cake, or perhaps a glass of champagne on my behalf…

I’ll be back on Friday, see you then!

Regards

That’s right…it’s question time!

With only four weeks until Christmas, I thought I’d dedicate the rest of the calendar year to answering your questions…so, what do you want to know?*

As an added bonus, for the first 10 people to ask a question, I’ll donate an extra $1 to the Warrnambool SES as per my post last week (you can read it here if you missed it!)

I really hope you will take this opportunity to learn something new or clarify an issue you’ve got – you are welcome to comment on this blog post via the website, comment on the Facebook link, or if you prefer to remain anonymous you may consider sending me a private e-mail (bron@thetaxchic.com) or Facebook message.

I look forward to hearing from you!

Regards

*Please do not include personal details in your message, all responses will be generic in nature as per the Important Information on the website, specific advice can only be provided by way of private accountant/client arrangement.