Important SMSF Changes for 2021/22
In the past 12 to 18 months, there have been some important changes to the rules surrounding self managed superannuation funds that you should be aware of, namely: Changes to rules about who can audit your super fund An increase to various superannuation caps An increase to the minimum pension amounts Non arms length expenses […]
Federal Budget 2021
BUDGET SUMMARY The Government has been clear: the way out of our budget crisis is to create jobs and grow the economy, and the Government has used this to include a focus on women – no doubt politically driven to restore confidence after recent issues. There is no doubt our budget needs repair, and focusing […]
Single Touch Payroll is Mandatory (even if you are your only employee)
Action Points All wages must be reported via Single Touch Payroll from 1 July 2021 – and this includes payments to owners. If you do not have payroll software, now is the time to get it organised. If you draw money out of your business, and have not spoken to your accountant about STP, then […]
New Rules For Casual Employees
Action Points Employers must provide a “Casual Employment Information Statement” (obtained from the below links or directly here) to all casual employees ASAP. Employers should also immediately review their casual employees to ensure they meet the new definition, and if not convert them to permanent employment immediately. Key Links We highly recommend you have a […]
Using Secure Passwords
HOW PASSWORDS ARE CRACKED There are a few ways that hackers can gain access to your online services – some cleverer than others – but the main ones we’ll focus on here are: Data breaches Reused passwords Brute force attacks A data breach is where a hacker has hacked the actual business and gained access […]
Email Deliverability
THE PROBLEM With digital being the primary method of communication these days, it’s important to ensure that you are receiving the emails you should be. This is primarily done with the following methods: Add the sender to your contact list; Regularly check your spam folder and mark emails as “not spam” if they don’t belong […]