Changes to Payroll Reporting

As part of the Budget Savings (Omnibus) Act 2016, employers will be required to comply with the ATO’s Single Touch Payroll Reporting (STPR). The STPR will streamline the way that employers report tax and superannuation information to the ATO.

The compulsory switch will take place on 1 July 2018 for businesses who have more than 20 employees and from 1 July 2019 for businesses who have less than 20 employees.
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Christmas Saving Tricks

 

The festive season is one of the greatest times of the year. Families and friends celebrate with wonderful traditions, unfortunately these can often cost large sums of money.

Here are some great simple money saving tricks for you to try this festive season.
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Bitcoin and SMSFs

 

With more and more material appearing on Bitcoin and cryptocurrencies and their continuing increase in value, it is worth looking at whether these “commodities or properties” are a new investment option for your SMSF.

A bitcoin can be defined as a property and can be left to someone under a will, so the question becomes, can your SMSF invest in them?
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