From 30 June 2016 businesses need to ensure they and/or their clients are SuperStream compliant. SuperStream is a standard for electronically processing superannuation information and payments, and must be used by employers, self-managed super funds and APRA-regulated funds. The ATO has announced it will provide compliance flexibility to small businesses that are not yet SuperStream […]
SuperStream compliance deadline approaching Read More »
We have just made our latest classroom recording of FNSACC404- Prepare financial statements and non-reporting entities available to all our Certificate IV in Bookkeeping/Accounting students through our online learning platform. If you have any problems accessing this recording, or have any questions about the FNS40215 Certificate IV in Bookkeeping qualification please give us a call
FNSACC404 – Classroom recording now available Read More »
From 1 July 2016 minimum wage will be $672.70 Pay Guides (Awards) can be found here – https://www.fairwork.gov.au/pay/minimum-wages/pay-guides Full details https://www.fwc.gov.au/sites/wagereview2016/decisions/2016FWCFB3506.pdf
Fair Work minimum wage and pay guides (Awards) Read More »
The Government has deferred the introduction of the so-called “backpacker tax” to 1 January 2017 pending a review of issues surrounding working holiday makers in Australia. The Assistant Treasurer announced on 17 May 2016 that the Government will undertake a review of the broad range of issues affecting the supply and taxation of working holiday maker 417 and 462 visas. To
Backpacker tax on the Government backburner Read More »
The ATO has been working with small businesses, tax professionals, industry associations and software providers on ways to deliver a simpler BAS to make GST record keeping easier and less costly. To achieve this, several GST labels will be removed from the BAS with small businesses only required to report: GST on sales (1A) GST
Simpler BAS from 1 July 2017 Read More »
This is article is by Stephen Clifton providing short, sharp commentaries and education on financial matters. No more than 195 words, less than a minute read! ————- Small business tax related aspects of the 2016 budget and other current tax breaks Here’s my short 195 word comments on just a few of the personal and
2016 Budget: tax impacts on small business Read More »