Key Points to Remember in Keeping Your SMSF Compliant A self-managed super fund (SMSF) is a way of saving for your retirement. It is different from a regular super fund as the members are usually also the trustees. This means the members make the investment decisions for the fund and are responsible for complying with…
Keep Up With The Changes To Payroll We have written a length about the changes to payroll over the last months, Single Touch Payroll has been one of the bigger changes that are happening, but there are more! Minimum Wage The Minimum wage review was completed by the Fair Work Commission and the new rates…
Understanding Superannuation Death Taxes and Benefits There are 2 things for certain in our lifetimes, Death and Taxes, so they say. We wanted to clear the clear the air and help you understand how you can avoid some of the taxes that apply in the event of a death and what happens with your superannuation…
Welcome to Spring! We have had a frenetic month with our Businesses Driving A Difference Seminar on 22nd August. The night was a huge success with over 220 businesses registered to learn more about how they can have a greater corporate social responsibility and make a difference in our community. Thank you to all those involved in…
New Legislations and Guidelines For Financial Year 2019 The new financial year is now in full swing! So too are some of the new legislations and guidelines that may affect the way you report to the ATO for the 2019 financial year. First off, I encourage you to read our FBT blog (FBT Exempt Vehicles…
So I paid super a few days late…crucify me. Many small business owners often end up with superannuation paid late. This is especially the case when they’re trying to pay super quarterly as opposed to monthly. The black letter of the law actually denies businesses an income tax deduction for superannuation which is paid late. …
Happy new (financial) year and welcome to the 2019 Financial year! I don’t know about you, but I always find myself at the start of any new year looking back on last year and asking a few questions; How did I (we) go? What went well and what not so well? What could I have…
ATO Finds Common Areas That Cause Concern For SMSF Trustees Are you the trustee of one of the approximately 577,000 SMSFs in Australia at the moment? As the SMSF sector continues to grow and the number of funds continues to increase, the workload of the ATO as the regulator increases. Instead of the rigid enforcement…
Well, it is that time of year again! As usual, 30 June is always a very busy time for us in business. A time full of all of the extra things we have to do for those damn accountants. As well as the things we need to do before 30 June to save tax and…
What is Superannuation Guarantee Amnesty? In May this year, the government announced the start of a Superannuation Guarantee Amnesty. The Amnesty is a one-off opportunity for employers to self-correct any past super guarantee (SG) non-compliance without receiving a penalty. Any catch-up payments made in the 12 month period will also be tax-deductible. The Amnesty applies…
Fill out the form below and the download link will be sent to your email.