End of Financial Year is here!
As mentioned in previous correspondence, there are many important legislative changes happening from 1st July, please take note and take action if any of the upcoming changes affect you.
We have included an update from our affiliate Employsure, this includes updates to penalty rate changes and minimum wage.
Last month we held our Estate Planning Seminar please read our recap below which includes a free copy of the slides from the presentation. Thank you to Emily O’Brien and Gavin Barnes from Redchip/Yodal.
Please get in touch with us for advice on upcoming changes.
End of financial year is a significant time for small business and with one of the most complex workplace relations systems in the world, it is essential that business owners stay updated and compliant with the changes that come into effect on, or after 1 July. Read more about the recent minimum wage review and penalty rate changes here
Monthly team member profile
Milan Kim (Accountant)
Business Services Specialist
Milan is an Associate member of CPA and has over 5 years’ experience in accounting.
She is a sincere and enthusiastic accountant who will always work with you to ensure you and your business achieve success. She is an expert in SME business services and taxation.
Read Milan’s latest blog here
Did you miss our seminar on Estate Planning?
On the night, amongst other things, Dale spoke about death & tax – we all know these are unavoidable and certain and Dale pointed out taxes do not go away even after death. Emily O’Brien and Gavin Barnes from Redchip/Yodal introduced Yodal and the benefits of using this reviewing tool for your estate plan. Read more
EOY “Get your House in Order” Checklist
Compiled by: Fred Chang
We’ve compiled a list to prepare your business for 30 June, click here and contact your Advivo partner or accountant if you would like to discuss potential tax planning opportunities further.
Simpler BAS – Who is eligible and what’s the change?
Written by: Jasmine Lee.
The ATO is introducing a simpler BAS lodgment system from 1 July 2017. This will apply to small business entities with a GST turnover of less than $10 million. Read more
ATO Update – Disclosure of debt information to credit agencies
Written by: Milan Kim
New legislation from the Government, yet to pass, states that from 1 July 2017, the ATO will be able to disclose debt information to credit reporting agencies of taxpayers that are not effectively managing their debts with the ATO. Read more
- 18th June – Brissie to the Bay – Chris Morris will be participating in the 100km Brissie to the Bay in support of MS Qld, to donate, click here
- 21st June – Lodge and pay May 2017 monthly activity statement
- 25th June – Lodge 2017 Fringe Benefit Tax (FBT) Annual Return for tax agents
- 30th June – Super guarantee contributions must be paid by this date to qualify for a tax deduction in the 2016-2017 financial year
- 30th June – END OF FINANCIAL YEAR