More than 850 business leaders who participated in a survey for the Association of Executive Search and Leadership Consultants (AESC) consistently identified business continuity as the most pressing challenge when identifying next generation leaders. Globally and across industries, senior executives realise there is fierce competition for top talent who can lead during times of uncertainty,…
Single Touch Payroll Since our last newsletter, we have received enquiries relating to the necessity of Single Touch Payroll for some clients. Our response is that anyone who is registered for wages does need to comply. If you do employ casuals at any time during the year, you will still need to be registered for…
Parliament has passed legislation to extend STP to include all employers from 1 July 2019. This will be a gradual start, and not all employers will start reporting at the same time. Determine when you need to start reporting from one of the following options: Start reporting now – If you use payroll software which offers STP,…
During September, we will be moving from the Riverview Business Park in North Dubbo to the Village Bakery Complex at 5/113-115 Darling St. Our last day in the old office will be August 28. During the first 2 – 3 weeks of September, we won’t have a physical office as the new office is still…
This is a friendly reminder to companies and Self-Managed Superannuation Funds (SMSF) that tax payable for the 2018 financial year is due by 15 May 2019.
We will send out payment slips for the SMSFs. Companies would have received payment slips with their Financial Statements. Please contact us if you need another copy emailed.
Guarantee contribution reminder If you haven’t already submitted your superannuation guarantee contributions for this quarter (January – March 2019), then it is time to get this chore done. Finalising your contributions should be done as soon as possible so that they are received by your fund on or before April 28. Keep in mind that there are…
If only there was a rain app… There are always ongoing changes in the world of business, particularly where technology is concerned. According to a recent Xero report, “there is a strong relationship between connected app use and better business performance.” Extending the benefits of digital connectivity to all of Australia’s 2.23 million small and…
Many clients know I love technology that saves time. One of these technologies can read invoices, till receipts and all types of documents and automatically files them. It will automatically re-create the invoice in Xero for me to pay or match to a direct debit. Using this technology for the past four years in my…
Farm Household Allowance review The Farm Household Allowance is aimed at farmers experiencing financial hardship as a result of the drought. However, feedback suggests that application for the support program has not been a straight-forward process. In fact, many farmers have been saying just how difficult it has been as a daunting and frustrating experience.…
This month, we are solely focused on drought relief offered through the Rural Assistance Authority along with Federal Government initiatives which can help to ease the burden of the ongoing tough conditions. If you are struggling with managing finances, please get in touch with us for assistance and advice. The Rural Financial Counselling Service…
Farm Household Allowance This is the topic on everyone’s lips at the moment but there seems to be some confusion about eligibility. The main change in assistance is that there will now be two lump sum supplementary payments worth up to $12,000 for eligible households. The government has also adjusted the assets threshold to allow…
Check out the tax app! It’s a great time to start using the ATO app for a quick and easy way to keep records and stay organised. If you’re a sole trader and don’t earn personal services income or have any income from primary production, you can use the ATO app’s myDeductions tool to simplify…
An additional $190 million in drought relief funding announced by the Federal Government is geared towards helping struggling farming families across the state. An extra $12,000 has been added to the Farm Household Allowance Scheme (FHA) while the net asset threshold cap for payments has increased to $5 million, allowing access for more farmers. An…
New Financial Year One year has ended and a new one commenced. What a year it was – and will be! Happy new financial year! We are announcing some major changes on how we conduct our business and we hope you find these beneficial. Staff changes We are delighted to announce that Ritnesh Kumar is…
Many of our business clients like to review their tax position at the end of the income year and evaluate any year-end strategies that may be available to legitimately reduce their tax. Traditionally, year-end tax planning for small businesses is based around two simple concepts: accelerating business deductions and deferring income. Small Business Entities (SBEs)…
Five times when it makes sense to buy used products If you are trying to save money, switching from brand new goods to used items can make a lot of sense. Buying used doesn’t always make sense, but exploring the pre-owned market is one of the best ways to save on many different classes…
If you feel overwhelmed by the sheer volume of technological gadgets out there, never mind apps and other digital “solutions”, you’re not alone. Technology sprawl and the rabbit hole of more and more information, available all the time, is making productivity—and healthy downtime—a real challenge for many of us. Although we may be quicker…
Marketing program for rural producers For those interested in some niche marketing of their produce, this is the program for you. Primary producers within the areas of Dubbo Regional, Gilgandra, Mid-Western Regional, Narromine, Warren and Warrumbungle Regional Councils are invited to participate in the Regional Platters program organised by Dubbo Regional Council. With strategic marketing…
