August 2019 Newsletter
- Fraud prevention tips for your small business
- CGT exemption on inherited homes
- Keep your SMSF records – but which ones?
- The Importance of Getting the Superannuation Guarantee Correct!
According to the world’s largest anti-fraud organisation, the Association of Certified Fraud Examiners (ACFE), small and mid-sized businesses are the most common victims of organisational fraud. And the effects can be more damaging.
Small businesses report 31.8 percent of all instances of fraud – a higher rate than for larger businesses – and suffer greater losses in relation to their size. And more than …
Inheriting a home or a legal interest in one could be the largest windfall gain that many Australians ever experience.
There are provisions in the tax law that mean a taxpayer does not have to pay capital gains tax (CGT) when they sell a house, flat, unit or other dwelling that they have inherited. CGT is the tax paid on the profit from the sale of property or an investment.
You’ve been running your SMSF for a while and have amassed a lot of information about your fund. You know that your SMSF must keep some records but which ones do you keep, how long for and where do you store them? Let’s see what you need to do.
The Superannuation Industry (Supervision) Act 1994 (SIS Act) requires you to keep accounting records that …
Announcements:This month we wish both Phoebe and Paul a very Happy Birthday. We also have several staff celebrating significant work anniversaries. Congratulations Sylvia (24), Paul (13), Cris (18) and Joanne (8)!
|We celebrate the following work anniversaries!|
Commonly Asked Question
Q: What is the FairWork Information Statement and is it important?
Employers should provide a copy of the statement with an offer of employment and keep a record that the statement has been provided. The statement can be provided in hardcopy or electronically.
The Fair Work Ombudsman has recently updated the Fair Work Information Statement taking into account the new national minimum rates of pay effective from 1 July 2019.
To learn more about your employer obligations check out the National Employment Standards.
All the best from the Watts Price Team!