Bray Chan Chartered Accountants

05/04/2024

Want to know if your services are Personal Service Income (PSI), here’s a summary provide by the ATO

https://www.facebook.com/share/p/vHkLxMVWzhasjfZB/?mibextid=WC7FNe

If you’re earning income from personal efforts and skills as a sole trader, you might be earning personal services income (PSI).

PSI is earnt:
✅ through expertise
✅ through labour
✅ as an entertainer.

But PSI isn’t generated:
❌ as an employee
❌ through assets
❌ by supplying and selling goods.

If you earn PSI, you will need to complete specific questions in your tax return and schedules.

04/04/2024

Due dates for lodging and paying your March 2024 BAS

* Quarterly reporting - 29 April 2024
If you lodge online, you may be eligible for an extra two weeks to lodge and pay your quarterly BAS.
When Bray Chan are lodging your BAS - 26 May 2024

* Monthly reporting - 21 March 2024

Need any help or assistance in preparing your Business Activity Statement, contact us on
PH: 08 8338 8600
See our range of services at www.braychan.com.au

29/03/2024

From our team at Bray Chan, wishing you all a safe and enjoyable long weekend! 🐣🍫🐣

28/03/2024

Have you processed all your payroll for the month of March?

Avoid the risk of non-compliant super obligations and process the March quarter super payments as early as today!! 👌

26/03/2024

Thinking of getting an EV for your business? Learn a bit more about the tax benefits.

Chris Bray, director of Bray Chan provides insight into the value of the FBT exemption for Electric Vehicles in Australia.

24/06/2022

*** Employers get your payroll systems ready***

From 1 July 2022, employees can be eligible for super guarantee (SG), regardless of how much they earn. The $450 threshold has been abolished

The super guarantee (SG) rate will also increase from 10% to 10.5%.

Further details can be found on the ATO website
https://www.ato.gov.au/Business/Business-bulletins-newsroom/Employer-information/Get-ready-for-super-changes-from-1-July/

17/12/2021

10/09/2021

21/09/2020

Here is a useful infographic from the ATO about the 2.0