The Fringe Benefits Tax (FBT) year ended 31 March 2019. It is now time for businesses to determine if they have an FBT exposure and if so start to collate the relevant information to complete an FBT return for the 2019 year.
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You may have heard the term Single Touch Payroll (STP) being used recently. Well It’s important to know that STP is not only for employers with over 20 employees.
If you’re in the building and construction industry, you need to loge the taxable payments report on an annual basis. The taxable payment annual report notifies the ATO about payments you have made to contractors that have provided services during the
A popular question we are asked is “How do I calculate my employee’s final pay?”.
This is a good question which can often be incorrectly processed.
As the end of the financial year approaches many of us will reflect on the state of our finances and assets. We will consider the state of the economy, investment performance over the past 12 months and make plans for the year ahead...
Directly held property makes up approximately 19% of all SMSF assets, indicating that many SMSF trustees consider it’s an important and significant part of a diversified portfolio.
Yes that right, its FBT time again. With the FBT year ended 31 March 2018 it is time to make sure that you have you records in order.
What does this mean for you?
The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament with the majority of reforms taking effect on 1 July 2017. The most significant changes include t
For the last 15 years I have been working with business owners to help them grow, adapt and succeed.
Having given advice to a vast number of private family businesses across a variety of industries, I have come to realise that most business own
Data security is an industry-wide issue and it is Xero’s number one priority. See how you can improve the security on your Xero file by reading more.
How would you like a little Xero refresher, or just in need of some training support? For the month of June 2017 Hailston + Co is offering free Xero training sessions [that’s a saving of $395].
Hailston + Co is pleased to announce the opening of our second office at 2/280 Kiera Street, Wollongong on 22 May, 2017.
The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which will remove tax concessions for transition to retirement pensions (TTRs) and bring them closer to their purpose
The Fringe Benefits Tax (FBT) year ended 31 March 2017. It is now time for businesses to determine if they have an FBT exposure and if so start to collate the relevant information in order to complete an FBT return for the year.
On Wednesday 9 November 2016 the Government introduced its superannuation legislation which makes changes to the superannuation laws it originally announced in the 2016 Federal Budget.
With the Government abandoning its policy to introduce a $500,000 lifetime cap for non-concessional contributions are you clear on what non-concessional contributions you can make to superannuation now?
The ATO is encouraging trustees of Self-Managed Superannuation Funds [SMSFs] that have contravened the SIS provisions to disclose them to the ATO via its ‘SMSF early engagement and voluntary disclosure service’, which may mean the ATO will apply a ‘lig
Can the asset be left in a bare/holding trust? The short answer to this is yes due to a legilation change around the issue back in April 2014...
The end of the financial year always seems to crop up faster than it should. Understanding what you could do before 30 June 2016 as an SMSF trustee can provide you with significant tax savings.
A reduction in concessional contribution caps, the lowering of the Division 293 tax threshold, introduction of a cap on tax-free assets in retirement phase and a lifetime limit for non-concessional contributions are just some of the changes that were a
