January 2018 Newsletter
- Is this Super oversight costing you thousands?
- Single Touch Payroll: What you need to know now
- How will the Downsizer Contributions work
- How to give a private director the boot
- Recent Facebook Posts
A “set and forget” mentality could be costing Australians thousands of dollars, but reviewing one particular aspect could turn that all around, research reveals.
According to new research from MLC, a lack of member awareness about their superannuation risk profiles is costing Australians, and particularly young women, thousands of dollars.
A comprehensive look at where single touch payroll is at, and what employers and bookkeepers need to know now and moving forward.
Single touch payroll (STP) has three primary elements to it:
1. Payroll reporting 2. Super payment reporting 3. Employee commencement
With downsizer contributions coming into effect on 1 July 2018, what are some tips and traps for SMSFs and their members.
To reduce pressure on housing affordability, downsizer contributions provide an incentive for super fund members aged 65 years or older to sell a main residence.
SMSFs and discretionary trusts often feature family members in positions of corporate trustees and directors, so kicking a director out can be a sensitive matter.
However, there are steps that can be taken, says Townsends Business & Corporate Lawyers solicitor, Natasha Ng.
Recent Facebook posts you may have missed:
We also congratulate Paula, Lee and Grant who are celebrating 25 years, 17 years and 16 years service this month (respectively)!