Client E Brief from the Institute of Certified Bookkeepers

Small business owners experiencing mental health issues

Having a mentally healthy workplace is important. Everyday pressures, unexpected life circumstances, stress, depression or anxiety can have a negative impact on your quality of life and ability to run your business. This can affect the people who are involved with your business including employees, contractors, partners, and clients.

Your mental health is important, so it’s good to learn how to recognise warning signs or ‘red flags’ that may suggest you need to reach out for support.

Common warning signs include:

  • finding it hard to concentrate
  • avoiding necessary day-to-day tasks and obligations
  • feeling irritable, stressed or teary
  • constantly thinking of work, even during personal time
  • being unable to sleep
  • disconnecting from friends and family
  • changing eating and/or drinking habits.

The ATO understand these circumstances can affect meeting your tax and super obligations. If you’re having difficulty paying your tax, the ATO encourages you to contact them as early as possible. You can speak with them directly, or ask someone to speak with them on your behalf.

The ATO wants to work with you to solve the problem before the situation escalates; it’s never too late to speak with them.

Find out about help and support available:

Source: ATO – Small business owners experiencing mental health issues

Changes to public holiday substitution rules

An employer and an employee can now agree to substitute the day off from work due to a proclaimed public holiday or part-days for another day or part-day.
An employer must not exert undue influence or pressure on an employee in relation to agreeing to substitute a public holiday for another day or part-day.
You can read the Fair Work Commission’s decision here for more information, or download the pdf version here

ATO Lodgement Dates

These dates are from the ATO website and do not take into account possible extensions.

You remain responsible for ensuring that the necessary information is with us in time.

BAS/IAS Monthly Lodgement – October Activity Statement: 21st November 2019 final date for lodgement and payment.

BAS/IAS Monthly Lodgement – November Activity
Statement: 21st December 2019 final date for lodgement and payment.

2nd Quarter of FY 2020: BAS Lodgement – December Quarter 2019 (including PAYGI) 28th February 2020 final date for lodgement & payment

When a due date falls on a Saturday, Sunday or Public Holiday, you can lodge or pay on the next business day.

A public holiday is a day that is a public holiday for the whole of any state or territory in Australia

The due date for super guarantee contributions, for:

2nd Quarter of FY 2020, October to December 2019 – contributions must be in the fund by 28th January 2020.

The super guarantee charge is not a tax deduction if not paid by these dates.

Refer to the ATO for details regarding any SGC charges applicable if not paid by the due date.