NBN blues

After switching to the National Broadband Network, we have experienced some technical difficulties which have affected our phone communications. The issue has now been resolved, but if you do experience any problems please call Jen on 0413 026 771 or email us at admin@peacockeaccountants.com.au

We apologise for any inconvenience this may have caused.

Happy New Year!

With the new financial year now upon us, we thought it would be appropriate to provide some end of year tips.

Self-Managed Superannuation Funds

What we require for end of year:

• All bank statements from 1/7/2016 to 30/6/2017

(If your statements do not cover the full month, we will need the July 2017 statement as well).

• The term deposit end of year notice dated 30/06/2017
• If you have shares, please provide your portfolio holding statement as at 30/6/2017
• If you have any trust investments, please provide the Annual Tax Statements as at 30/06/2017
• If you use an online broker and cannot get a June 30 statement, just download one as soon as you can. If you use CMC Stockbroking, you can call them to request.

As you know, our preferred method involves some self-audit, so please ensure that each statement contains the relevant information along with an explanation of income/expense attached. If it’s a tax payment to the Australian Tax Office, or an invoice from us, don’t worry, we will be able to provide if you can’t find them.

Businesses

What we require for end of year:

• Your 30/06/2017 bank statements
• All statements for the year if you have loans that are not digitally maintained
• Stock report, or for farmers, livestock numbers as at 30/06/2017
• If you have financed any equipment during the year, please provide a copy of the new contract
• For Payroll either your Reconciliation payment summary or copies of the payment summaries issued.

If you have our phone app, please refer to the checklist button for more details.

New billing system

John has become licenced as a representative of the Accountable Financial Group so that he can continue talking about superannuation to our clients. As a result, we will now be billing all self-managed superannuation work and ASIC fees through a new entity: Peacocke SMSF Services Pty Ltd. They have been combined for convenience.

If you would like us to pay your ASIC fee, please let us know. That way you will never be late.  Our only requirement is that there is one system for all, otherwise it is too prone to mistakes. Please let us know your thoughts.

Reminder

Quarterly superannuation guarantees are due before July 28, and should be done through a clearing house.