An accountant that is preparing tax returns. Accounting and tax return documents, pages and calculators. An elderly couple planning with their superannuation funds. A business man working on his investment property in Gordon.

Latest News

Superannuation Amnesty – Maybe! Maybe Not!

 

 

An amnesty to allow unpaid superannuation to be reported and paid without penalties has hit a big snag.

The amnesty announced in May 2018 lasting for 12 months was concessional in allowing employers to catch-up unpaid compulsory superannuation with reduced penalties.

However, the legislation has not passed and will not be considered until Federal Parliament next meets in mid-August.

If you do want to use the amnesty, be aware it may not become law.  And extensive wages details need to be provided proving the calculation of unpaid super – possibly a significant time by your pay office (or yourself).

 

 

AcctWeb

Hot Issues

Latest Accounting News

Tax Specialists

We specialize in providing proactive tax planning strategies for our clients. High earning individuals and business clients can benefit by speaking to one of our tax advisors.

Bookkeeping

Good, fundamental book keeping will ensure that your accounts are up to date and give you proper control of your business. With over 85% of business failure attributed to poor financial control, skilled and professional bookkeeping will give you results that speak for themselves.

Superannuation Planning

Taking the time to plan for your future makes good financial sense. Ensure you have the money to live the lifestyle you'd like during your retirement.

Investment Properties

Preparation of negative gearing tax schedules for all investment properties. Including Depreciation Calculations and Special Building Write offs.