Building financial capabilities requires a long-term commitment to lay the foundations for behavioural change over time. We all confront significant financial decisions at key points in our lives, such as leaving school, undertaking study, entry to the workforce, purchasing property, having children, or reaching retirement. To help people develop healthy financial habits and make better decisions about money, ASIC is implementing a National Strategy. The five priorities in t
There is no separate fringe benefits tax (FBT) category for Christmas parties and you may encounter many different circumstances when providing these events to your staff. Fringe benefits provided by you, an associate, or under an arrangement with a third party to any current employees, past and future employees and their associates (spouses and children), may attract FBT. Implications for taxpaying body If you are not a tax-exempt organisation and do not use the 50-50 split
A diagnosis of breast cancer can be challenging emotionally, physically, spiritually and financially. There is support available for all aspects of your care but for now the most important guidance we can offer is to take things one step at a time. What are the breast cancer stats? So far, in 2017, 17,586 women and 144 men have been diagnosed with breast cancer in Australia. The risk of being diagnosed with breast cancer by age 85 is 1 in 8 for women and 1 in 715 for men. As
From the 1st of July 2018 Single Touch Payroll (STP) will go live for employers of over 19 staff. STP will require an employer to report in 'real time' to the Australian Taxation Office (ATO) each time it makes payments to employees, withholds income tax, and becomes liable to make superannuation contributions.
The ATO continues to work with payroll software developers to refine specifications and test the solutions, in preparation for go-live. Our latest communication with
The S&P/ASX200 Accumulation index had a flat month, quarter, and half year, with a -0.91% return since the end of March. The one year numbers still show a gain of 9.25%, quite a bit lower than the 12 months that ended 30 June. Global markets had a better month, with gains of 3.39% and a rolling 12 month return that tops the charts at 15.89%. Bond markets sold off again during September as interest rates rose. The one year figures are negative or close to it for both global a