We still have a few of you that are yet to let us know your Director ID numbers. You must have your number before 30 November to avoid fines and penalties. Remember Director ID numbers are required for all directors of companies. This includes corporate trustees of SMSFs and Family Trust and Directors that may… Read More Director ID Number – Deadline
Just to let you all know the individual tax return checklist is ready for you to complete at your leisure. You can find it on this link. Please prepare the checklist, compile your backup paperwork then send it through to us – preferably via dropbox or similar. Those of you with investments may need to… Read More 2022 Tax Returns
Well a nice relaxing day for me today as it is my 54th birthday, so I am making the most of being spoiled. Not quite sure where all those years went, but here we are, hoping for another 46 good ones. As many of you know I had to do an emergency trip to the… Read More Happy Birthday to Me
Those of you who are directors of companies (even if the company is just the trustee of your SMSF or family trust) should be aware that ASIC fines have increased for late lodgement of forms. ASIC need to be told within 28 days of any changes to your shareholders’ and directors’ home addresses, business address,… Read More ASIC Fines
If you are paying employees you may well have received letters from the ATO telling you that you need to move from STP to STP2. The good news is that if you are using Xero, MYOB or Reckon, deferrals have been granted (as the software is not ready) until Jan 2023. So you can relax… Read More STP2 Update
A couple of important changes are occurring from 1 July, affecting lots of you so worth a read. The super guarantee payment increases to 10.5%. If you are running payroll through MYOB or XERO the rates should update automatically, but you need to check the July pay to make sure. Click on the links here… Read More July 2022 Changes
If you had an amount of tax to pay from the lodgement of your 2021 tax returns, that tax is due now. Please note that the ATO do not send reminders, so please arrange payments where applicable ASAP in order that we don’t need to chase you! Makes our job so much easier! If you… Read More Final 2021 tax payments due
Just a reminder that the deadline for last years tax returns is (as always!) the 15th May to avoid fines. So if you are yet to send your paperwork through, this sounds like a good wet weekend project. First come, first served. Lindsay 0413 952 180
Although a common strategy, it appears the ATO have recently decided that distributing trust income to adult children (but not giving them the cash) is no more than tax avoidance. This is such a shame as it was one of the few, fun tax planning strategies we had left in the tool box. Not to… Read More Trust Distributions to Adult Kids
With the ongoing Covid issues continuing to affect businesses, but JobSaver and JobKeeper ended, the NSW Government has reinvented the wheel once again and announced the new ……… 2022 Small Business Support Program Applications open 14th Feb, and details are somewhat vague. It will provide relief only for the month of February 2022. You may… Read More JobSaver/Keeper/Support V3 (I think)
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