2018 End of Financial Year Newsletter - 11 June 2018

30 June is almost here!  We have compiled an easy-to-navigate summary of what to consider within the business, individual and superannuation sectors.

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2018 Budget Report - 9 May 2018

There are numerous proposed changes in the Budget, many relating to small business and personal income tax.

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Single Touch Payroll - 26 February 2018

Single Touch Payroll (STP) is a reporting change for employers, which will start from 1 July 2018 for employers with 20 or more employees.

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SME Cyber-Security - 2 February 2018

SMEs are becoming increasingly targeted by cyber-attacks. This is largely because of the sense of 'security fatigue' among business owners, resulting in lax cyber security standards.

SME owners are being urged to review and update their security arrangements in light of the increase in attacks, to avoid the largely preventable attacks.  

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Proposed Payment Terms for Small Business Suppliers - 22 November 2017

The government has moved forward to introduce a 15-business-day payment term for small business suppliers following pressure from the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) to introduce legislation that will set a maximum payment time for big businesses to pay their small business suppliers.

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Under the Fair Work Act, the Fair Work Information Statement must be provided to each new employee when they start their employment or as soon as possible after they start.              

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Superannuation Reminders - 26 October 2017

Quarterly payments of the superannuation guarantee (SG) have now been required for many years and you will no doubt have implemented systems to deal with this.  However it is easy to overlook SG payments if you are employed by your own company or trust.  

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Stay Smart Online Week - 13 October 2017

This week, one of our staff members received an email claiming their address book had been hacked and demanding a ransom. Fortunately, our practice has security systems in place to prevent these issues, and we were easily able to determine this as a fake.

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Digital & Business Development Event - 30 August 2017

Recently we have become aware of an upcoming Digital & Business Development Event, an initiative of the Australian Government in conjunction with Regional Development Australia.

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