January 2018 Newsletter

Contents:

Is this Super oversight costing you thousands?

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.

 

Single Touch Payroll: What you need to know now

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

 

How will the Downsizer Contributions work

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.

 

How to give a private director the boot

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Announcements:

This month we wish farewell to Jan who has decided to retire after 9 years with Watts Price. Jan will be greatly missed by her colleagues and clients!

 

 

 

 

 

 

This month we wish happy birthday to Andrew, Gabi & Nicole!

 

We also congratulate Paula, Lee and Grant who are celebrating 25 years, 17 years and 16 years service this month (respectively)!

 


With Jan’s departure this opens up an opportunity for someone else to join the Watts Price team!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All the best from the Watts Price Team!