Accountancy News, Updates and Insights

8 07, 2019

Single Touch Payroll is here!

Starting 1 July 2019, changes have been implemented to the way employers report tax and superannuation payments to the Australian Taxation Office (ATO). This reporting change is called Single Touch Payroll (STP).

25 06, 2019

From the CEO’s Desk: Managing your super this end of financial year

The Coalition Government has been re-elected in the 2019 Federal Election, with a small majority of seats in the House of Representatives, after taking a policy of stability for superannuation to the election. After the introduction of the significant legislative changes which came into effect on 1 July 2017, you may be relieved to hear

21 06, 2019

Accounting Standard Update Part I: AASB 16 – Leases

Commencement Date: Reporting Periods commencing on or after 1st January 2019 AASB 16 is applicable to the following businesses: Entities subject to an audit or review. Entities that lodge financial statements with a regulator (e.g. ASIC, ACNC or Consumer Affairs). Where the bank requires financial statements prepared in accordance with Australian Accounting Standards (refer to

16 05, 2019

2019 Australian Federal Election: What You Should Know

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With the 2019 Australian federal election just days away, we at Ashford’s thought it’d be worthwhile putting together a blog post outlining how each major political party is addressing the various hot-button issues from a policy standpoint. Taxation Widely seen as one of the most crucial dividing lines between the two main parties. Clear tax

9 05, 2019

Understanding Single Touch Payroll

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From 1st July 2019, Single Touch Payroll (STP) will apply to all employers regardless of the number of employees they have on payroll. STP was previously introduced by the ATO from 1st July 2018 for businesses with 20 or more employees, however new recent legislation has now extended the requirement to apply to all employers

17 04, 2019

The Major Parties’ Superannuation and Tax Policies

Author: Calvin McLeod Ashfords Superannuation Manager The federal election has been called for May 18 and both major parties have outlined their superannuation and tax policies. With the federal election only weeks away, many of our clients have been asking what the major political parties’ policies are, that may impact their SMSF, individual taxation circumstances

4 04, 2019

Never Enough Time? Make the Change!

In this real-time world we find ourselves in, it’s often hard to ensure you’ve enough time to discharge your professional responsibilities – let alone to enjoy enough family, personal, and leisure time. It’s not the answer to be in a permanent state of Nivens McTwisp (i.e. the white rabbit in Tim Burton’s Alice in Wonderland).