Welcome to our September newsletter.
Small business is still a vote winner with the Government and Opposition teaming up to accelerate tax cuts
for the sector for 5 years.
The popular instant asset write-off for small business has been extended and increased.
Single Touch Payroll Reporting (STP) has been a big shift in ATO compliance for businesses. ATO has provided a concession from STP for payments by small employers to closely held payees. Find out all the details in Single touch payroll exemption for directors and family members.
From 1 July 2019, new laws prevent superannuation providers from charging unwanted or unnecessary insurance and exit fees. Plus, inactive accounts with low balances will be moved to the ATO to try and unite unclaimed super with its owner. It's important to understand how these changes might affect you - Super, insurance and exit fees has all the details.
Our aim is to make better use of your time and keep you updated on matters affecting your business and family life. If you have any questions from any of the articles please contact your Manager or Partner at Goodwin Chivas & Co.
The Goodwin Chivas & Co. team