The perfect payroll - The importance of getting it right - 4th July 2014

In the past few days some clients of ours have passed on letters received from their mutual Employer. Apparently their Employer underwent a payroll audit, although the letter does not clarify if the payroll audit was internal or an external audit from the Australian Taxation Office or the Office of State Revenue. 

Read More

Self Managed Super Fund Trustees on Notice: New ATO Powers from 1 July 2014 - 1st July 2014

The Australian Taxation Office (ATO) will have new wide ranging powers from 01 July 2014 to deal with Trustees of Self Managed Super Funds (SMSF's) who breach the rules governing super funds. Previously the ATO only ever had powers to ignore the breach or to heavily penalise the Trustees by taxing almost half of their Super Fund. It was an all or nothing approach with nothing in between.

Read More