Chartered Accountants

Latest News

SuperStream

             

SuperStream is the Government’s prescription for making super contributions electronically in a standard format, with linked data and payments.  This applies to all employers making super contributions.

20 plus employees

Employers needed to be SuperStream compliant by 30 June 2015.

The Australian Taxation Office has indicated employers will not be penalised as long as they have a plan in place to finalise implementation of SuperStream by 31 October 2015.

19 and less employees

SuperStream started from 1 July 2015, but you have until 30 June 2016 to meet the SuperStream requirements.

Employers and super funds (including SMSF) need to be communicating to implement this electronic exchange.  Once established, it is quite simple to transaction.

Latest Accounting News

  • FBT Reminder – Odometer Reading

    Anybody who has a Fringe Benefits Tax obligation should take an odometer reading of motor vehicles.

  • ATO’s debts on hold campaign prompts new IGTO guidance

    New guidance has been released on best practice principles for debt notifications in response to the re-activation of old debts by the ATO.

  • Small business benchmarks

    The ATO has developed quite a number of benchmarks to help small businesses develop an idea of their performance compared to similar businesses in the same industry.

  • The 2025 Financial Year tax & super changes you need to know!

    The new financial year is fast approaching and so are a number of changes to superannuation contribution amounts and the individual tax rates. These changes are outlined below, as is some information on how you may be able to work with these changes when managing your tax affairs during 2024-25.