September 2020 Newsletter
- 860,000 businesses hit with ATO compliance letters
- Super fund selection now enshrined as law
- JobKeeper extension bill introduced
- Boost your super in the comfort of your own home
- COVID rental eviction moratorium extended
- ATO confirms important issue on pension payments
Australians will no longer be forced into super funds because of enterprise bargaining agreements, after a new law was approved by the Federal Parliament.
Passing both the House of Representatives and the Senate today, the Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 will ensure 800,000 Australians covered by enterprise agreements can make choices about where their retirement savings are invested.
Rules giving effect to the new eligibility criteria based on the decline in turnover for the previous quarter and the new two-tier payment rate have yet to be released.
Announcements:This month we congratulate Jenny (12) & Nicole (6) on achieving work anniversaries at Watts Price Accountants.
Your Communication Preferences
Over the coming weeks we intend asking many of you if you are happy to receive correspondence from us via other channels rather than the postal service.
We have been trialing electronic delivery & signing software with many of our Salary & Wage clients over the last month and in the last few weeks with some BAS clients and have received very positive feedback. We believe that this method of delivery would provide a faster, safer and more efficient experience for many of you!
To that end we are looking at expanding the trial to BAS clients that would prefer to receive their compliance correspondence from us going forward electronically. In the future we are likely to expand the offering to include correspondence such as: Tax Returns; Financial Statements; Engagement Letters; Tax Checklists; Invoices; Monthly Statements; Scheduling Letters to name a few.
Receiving correspondence electronically is likely to suit clients that regularly check their emails and are happy to receive documents in pdf form rather than printed documents. It would also suit clients that live outside of Horsham that would benefit from the electronic signing feature!
We understand that not everyone has an email address, access to the internet and that some people just like to retain paper copies of documents for their records. For these clients we will continue to support you with post or phone and collect options.
To participate in the extended trial look out for the survey coming soon. If you have any queries email Cris and the team at Watts Price Accountants on firstname.lastname@example.org or Margaret at Knights Accounting on email@example.com.