A message from our Managing Partner,
Welcome to the first edition of our newsletter for 2025! We’re excited to kickstart the year with fresh insights and valuable advice to help you and your business thrive.
In this edition, we’re focusing on a growing trend that many of our clients are exploring—overseas staff. As businesses look for ways to optimise costs and expand their talent pool, hiring overseas has become a necessity due to the overwhelming lack of trained and qualified staff available. This choice, which was once driven by potential cost savings has now become a necessity but does have some drawbacks… We address some of the most common questions we’ve received regarding this shift, how it can benefit your business and what you should be cautious of such as lack of succession, time and cultural differences.
To provide even more value, we’re pleased to feature expert perspectives on this topic through two guest blogs. Troy Adams, Managing Director of Tech Path, shares key considerations on IT security and efficiency when hiring overseas staff, while David Reid from Business360 dives into the legal complexities surrounding overseas employment, specifically through the lens of recent case law.
As always, our team is here to support you with any questions or guidance you may need.
Kind Regards,
Leon Stephan
Managing Partner
Key Dates
21 February
- Lodge and pay December 2024 monthly business activity statement for business clients with up to $10 million turnover who report GST monthly and lodge electronically.
- Lodge and pay January 2025 monthly business activity statement.
28 February
- Lodge tax return for non-taxable large and medium entities as per the latest year lodged (except individuals).
- Payment (if required) for companies and super funds is also due on this date. Payment for trusts in this category is due as per their notice of assessment.
- Lodge tax returns for new registrant (taxable and non-taxable) large or medium entities (except individuals).
- Payment (if required) for companies and super funds is also due on this date. Payment for trusts in this category is due as per their notice of assessment.
- Lodge tax return for non-taxable head company of a consolidated group, including a new registrant, that has a member who has been deemed a large or medium entity in the latest year lodged.
- Lodge tax return for any member of a consolidated group who exits the consolidated group for any period during the year of income.
- Lodge tax return for large or medium new registrant (non-taxable) head company of a consolidated group.
- Lodge and pay Self-managed superannuation fund annual return for new registrant (taxable and non-taxable) SMSF, unless they have been advised of a 31 October 2024 due date at finalisation of a review of the SMSF at registration.
Note: There are special arrangements for newly registered SMSFs that do not have to lodge a return – see Super lodgment.
- Lodge and pay quarter 2, 2024–25 activity statement for all lodgment methods.
- Pay quarter 2, 2024–25 instalment notice (form R, S or T). Lodge the notice only if you vary the instalment amount.
- Annual GST return – lodge (and pay if applicable) if the taxpayer does not have a tax return lodgment obligation.
Note: If the taxpayer does have a tax return obligation, this return must be lodged by the due date of the tax return.
- Lodge and pay quarter 2, 2024–25 Superannuation guarantee charge statement if the employer did not pay enough contributions on time.
Note: Employers lodging a Superannuation guarantee charge statement can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They still have to pay the remaining super guarantee charge.
We would love to hear your feedback!
We would love to hear your feedback and would be grateful if you could write us a Google review. This will allow us to continually improve our service and let others recognise the value we provide.
