As a firm we choose to support charities which are close to our heart. Sunday 25th October, saw a few of the female staff members attend the second largest Breast Cancer Brunch in Australia. The Shepparton News Pink Ribbon Brunch has been held over a number of years and each year it becomes bigger and […]
31st October 2015 is the due date for tax return lodgement for all entity types (individuals, partnerships, trust, companies and superannuation funds) with one or more prior years outstanding as at 30th June 2015. This means all prior year returns must be lodged, not just the immediate prior year. Failure to lodge outstanding prior year […]
When you choose to link your myGov account to the ATO, you will automatically be subscribed to receive eligible letters online as messages through your Inbox. You will receive a welcome message from the ATO in your myGov Inbox to confirm the service is enabled. By linking the ATO and accepting the ATO myGov terms […]
The ATO are reminding tax payers to be wary of phone scams. At the present time scammers are impersonating ATO employees and demanding payment for outstanding debts or offering an unexpected refund. Phone scammers can be rather aggressive, forceful and at times threatening. They may tell tax payers that there is a warrant for their […]
Social Security Changes to income test for Commonwealth Seniors Health Card (CSHC). If you have a CSHC or would like a CSHC you need to be aware of changes to the income test for this concession card. Account based pensions started or altered after 1 January 2015 will be subject to deeming. This income is […]
Do you own collectable or personal use assets in your SMSF? 1 July 2016 sees the transitional provisions for collectable and personal use assets expire. These provisions apply only to assets held by a SMSF prior to 1 July 2011. Collectable and personal use assets held prior to 30 June 2011 were granted a 5 […]
Identity theft and online fraud is increasing and it is important to remain vigilant to identity crime which can lead to concerns not only in the tax system, but for the broader financial community as well. From the beginning of February, the Australia Taxation Office (ATO) began stronger identity checks of individuals, when speaking with them. […]
The government announced on 28th December 2014 of their intention to simplify PAYG tax and superannuation reporting obligations though a new system to be known as Single Touch Payroll. By the use of compatible software, employers or payroll system providers would process their payroll and attend to fulfilling their reporting and payment obligations with the […]
How exciting, the SheppARTon Festival opens tomorrow. Regrettably we advise that the Festival Wall has been unable to be completed as was planned, but there are still many events in this year’s festival certainly worthy of your time. However, all is not lost. Involving another local community group and asking the same questions we will […]
What is it? It is a new objective from the ATO which puts the onus on company directors to ensure the compliance with certain taxation and superannuation obligations. If you are a company director and there are outstanding PAYG Withholding and SGC amounts, you will become personally liable for a penalty equal to these amounts. […]