by Ben Smith | Aug 23, 2023 | Everyone, Featured, SMSF Specialists
There’s a good chance you have read in the media about the proposed introduction by the Government of a higher rate of tax for people with superannuation balances above $3 million. Any member with a total super balance (all your superannuation accounts combined) of $3...
by Ben Smith | Jul 19, 2023 | Accounting & Audit, Everyone, Featured, News
National Minimum Wage increase From 1 July 2023, the National Minimum Wage will increase by 5.75%. This means the new National Minimum Wage will be $23.23 per hour, or $882.80 per week. This increase will apply from the first full pay period starting on or after 1...
by Ben Smith | Jun 21, 2023 | Accounting & Audit, Featured
If you employ staff in your business Please complete the ‘EOFY Finalisation’ process in your payroll software (MYOB, XERO, other) by 14/07/23 and lodge this information with the ATO. This replaces the previous process of handing employees their Group Certificates....
by Ben Smith | Jun 21, 2023 | Accounting & Audit, Featured
NSW RAA Disaster Grants for Flood Impacted Areas – closing 30 June 2023 Primary producers that have been impacted by flooding events in the 2022 calendar year encouraged to check eligibility for disaster assistance for repairing or replacing farm infrastructure...
by Ben Smith | May 24, 2023 | Accounting & Audit, Featured
Avoid any suprises when the financial year ends! It is crucial to be organised and resume business operations smoothly. We want to share an article from myBusiness, ‘Tips to Prepare for End of Financial Year’. This article offers valuable insights on how...
by Ben Smith | May 24, 2023 | Accounting & Audit, Featured
The end of Temporary Full Expensing (“TFE”) and the new $20,000 Instant Asset Write-Off (“IAWO”) The TFE measures previously implemented will end for all eligible assets installed and ready for use on 30 June 2023. Small businesses with an aggregated turnover of less...
