NEWS & INSIGHTS
STP will be mandatory for all Australian businesses by 1 July
18 February 2019 Australian businesses who employ 19 or fewer employees will have until 1 July 2019 to get ready for mandatory Single Touch Payroll (STP) reporting. The requirement is already in place for businesses who employ 20 or more staff, which became mandatory...
Is your SMSF adequately diversified?
18 February 2019 SMSF trustees need to truly understand diversification and better diversify their portfolios. The benefits of a well-diversified portfolio are numerous but the key ones that SMSF trustees should focus on are the benefits of mitigating volatility and...
The importance of estate planning
7 February 2019 Life does not always go to plan. While we logically know that, most of us don’t plan for the worst - it’s all a bit morbid and time consuming. That's why estate planning is so important. The downside of not planning is the potential for hard earned...
Tax and foreign income
6 February 2019 Do you earn income overseas? A recent case highlights why you might pay more tax than you thought on foreign income. If you are an Australian resident and earn income from overseas, such as income from investments, sale of assets such as property,...
Small business asset scheme extended again
30 January 2019 The small business asset write-off scheme is set to be extended for another 12 months, stretching the deadline to June 2020. The Sydney Morning Herald reported that Prime Minister Scott Morrison announced the extension along with a $5000 increase on...
Free ATO workshops for small businesses
23 January 2019 The ATO is offering free workshops for small businesses in Perth. The workshops will be running from now until June and cover topics such as Single Touch Payroll, Record Keeping, Employee Essentials and Tax Essentials. Sessions will be held in a wide...
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