Sharp Accounting News May 2022

In this month’s News Update we discuss inflation and some actions you can take to help your business through these rises. Another hot topic we talk about is the rise of interest rates and a reminder about the super guarantee increase from 1 July. Do you understand the tax deductions and payments you need to make as we approach the end of the financial year? If you make charity donations, don’t forget to ensure those deductions are tax-deductible. If you need some advice on any out of the ordinary tax deductions please reach out so we can ensure it will be effective for you. Single Touch Payroll (STP) how moved on to stage two and needs to be in place by 31 December 2022.