ATO system outage
Here at HQB, we pride ourselves on the exceptional service we provide to our clients. In some cases, circumstances dictate our ability to deliver these services within our desired timeframe. You may have heard this week, that the Tax Office experienced a widespread system outage. This has had a profound impact on our ability to […]
Be prepared for change!
On 1 January 2017, there will be changes to the assets test used to calculate pensions. These changes may increase your Age Pension entitlements, or take some or all of them away. As more than 495,000 Australians are projected to be effected, it is important to understand what the changes are, and what it may […]
Message Received
Have you heard? The ATO are using SMS to contact taxpayers. But please beware! Scammers have taken advantage of this and are on the hunt trick you. Be mindful that the ATO will never request personal or financial information by SMS or email. If you have any suspicion about a text you receive, please give […]
Big Brother is watching……
For those of you who may not know, the ATO is growing increasingly clever in its ways of catching people out on tax fraud. Tax fraud in Australia costs the Aussie tax payer millions of dollars each year. Historically they have relied on data matching with the likes of banks and employer tax returns but […]
SuperStream Due Date Today!
Today is the due date for small business clients to become SuperStream compliant. If you have not already done so or would like further information on this subject, please refer to the following link: https://www.ato.gov.au/Super/SuperStream/Employers/ Posted 28.10.16 The information we are providing to you is purely factual in nature and does not take into account […]
Working Holiday Maker Tax Arrangements
An interesting media release from the Treasurer of the Commonwealth of Australia, the honourable Scott Morrison MP: “From 1 January 2017, the government will set the tax rate applying to working holiday makers at 19% on earnings up to $37,000, rather than the 32.5% announced in the 2015-16 Federal Budget, with ordinary marginal tax rates […]
New Tax Tables mean MYOB Updates
You may have heard the ATO has released new PAYG Withholding Tax Tables effective 1 October 2016. Accordingly, MYOB have released new updates to their software to ensure that its up to date. If you are a MYOB user, it is important that the updates are run before your first payroll in October is processed. […]
There’s that old cliché that accountants can be dull and boring, clearly not the case here!
Every so often we all need some time out and if you can combine this with beautiful landscapes, you’ve found the perfect recipe for R & R. Or so most people would assume, it all depends on your definition of a holiday. For our very own Ian Hogbin, Partner of HQB Chartered Accountants, his recent […]
Superannuation Budget changes to Non concessional superannuation contributions
There is word on the street that the government is going to scrap the $500,000 lifetime cap on non concessional super contributions. You may have read that this proposal was creating a lot of backlash within the government, so the announcement that it is to be scrapped, whilst surprising, could have been expected. There is […]
Spring’s about with deadline doubt
As the weather begins to warm up, don’t let the cold cloud of overdue ATO obligations rain on your day. One of the many perks of lodging your tax return with a registered tax agent is the benefit of our lodgment extensions. But did you know that if you have one or more tax returns […]