The Australian’s investigative journalist Hedley Thomas and composer/producer Slade Gibson were announced as the winners of Australian journalism’s highest honour in Brisbane tonight. The Teacher’s Pet explored the 1982 disappearance of Sydney mother Lyn Dawson, bringing investigative reporting to 27 million listeners around the world. Thomas wrote and recorded an average of more than 15,000…
Running a small business is hard work and payment delays make it even harder. Payment times in Australia are among the worst in the world, with invoices paid on average 26.4 days late. The Australian Small Business and Family Enterprise Ombudsman has announced an urgent review of payment times, to measure how late or extended…
The $20,000 threshold has been recently extended to 30 June 2019. If you buy an asset and it costs less than $20,000, you can write off the business portion in your tax return for the relevant income year. You are eligible to use simplified depreciation rules and claim an immediate deduction for the business portion of…
Hedley Thomas has been awarded the Outstanding Achievement In Journalism at the 2018 GQ Men of the Year Awards. “I’d always held this long… sense of injustice about the case,” says Hedley Thomas, the investigative reporter behind The Australian’s astronomically successful Teacher’s Pet podcast. “It’s always grated on me that it wasn’t dealt with properly in…
When processing your work, we are now able to offer a free secure online Client Portal through our software provider MYOB. This Portal will allow clients to: Review all financial statements, tax returns and other year-end documentation online. Electronically authorise tax returns for lodgement. Easily and safely send, receive and store all of your accounting…
On 24 May 2018, Minister for Revenue and Financial Services announced the commencement of a 12 month Superannuation Guarantee Amnesty (the Amnesty). The Amnesty is a one-off opportunity for employers to self-correct past super guarantee (SG) non-compliance without penalty. Subject to the passage of legislation, the Amnesty will be available from 24 May 2018 to 23 May 2019. For…
The Government will soon introduce a unique Director Identification Number (“DIN”) to combat illegal phoenix activity and to curb the activities of pre-insolvency advisors who will also be targeted and potentially held liable for their advice. As part of the reforms, the Government is consulting on widening the scope of Directors personal liability to include…
The Government has announced Single Touch Payroll reporting will commence from 1 July 2018. What does this mean for employers? If you have 20 or more employees you will need to report to the ATO through a payroll software that supports Single Touch Payroll from 1 July 2018. If you have 19 or less employees, it is optional to report through Single Touch Payroll for…
Schedule 2 of the Bill amends the Superannuation Guarantee (Administration) Act 1992 to ensure that an individual’s salary sacrifice contributions cannot be used to reduce an employer’s minimum superannuation guarantee contributions. The amendments provide that amounts an employee salary sacrifices to superannuation cannot reduce an employer’s superannuation guarantee charge. Salary sacrificed amounts will also not…
As part of our service offering to clients, Stanton Mienert has recently taken out an audit insurance policy with Audit Shield (underwritten by AAI Limited). The policy is held in the name of our practice. Participation in the cover is not automatic. Letters of offer to participate in Audit Shield cover are being sent to…
Loaded up on technology and global ambition, the younger generation is ready to take the modern workforce by storm. And fashion icon Margaret Zhang is leading the charge. Last year, a whitepaper from Chartered Accountants ANZ and Deloitte Access Economics posed a provocative question: The Future of Work: How can we Adapt to Survive and…
With the biggest changes to superannuation only 3 months away, it is critical that superannuation members seek professional advice in relation to identifying strategies to optimise their retirement savings and income streams prior to the new Superannuation Reforms taking effect on 1 July 2017. Any members of a SMSF, Industry or Retail Fund who identifies…
