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)
I hope you all managed to have a well deserved break over Xmas and New Year. It is all change here. Not only is Glenn getting used to his (enforced) retirement, but we are now fully fledged empty nesters having put the golden child on a flight to LAX last night. She has gone to… Read More Happy New Year 2022
Wishing all my lovely, amazing clients a happy Xmas wherever you are. Hope your presents were as great as mine! I am taking a few days off and will be back on the 4th Jan. Enjoy xxx
It is with sadness that we have to say goodbye to the lovely Kerri. After working with me for over 6 years, and with the kids now old enough (allegedly) to look after themselves, she has decided to go back to the corporate world of trading which is what she did pre family. We will… Read More Welcome to Carolyn
In an effort to reduce fraudulent and phoenix activity, from the 1st November 2021 all directors of all companies now need an ASIC provided unique identification number. This includes directors of corporate trustees of SMSFs and Family Trusts and all small companies. The fines for not having a number will be huge so it is… Read More Director ID numbers
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