The CountPro team take cyber-security very seriously are excited to announce the introduction of Multi-Factor Authentication (MFA) as an enhancement to our existing document security measures. Multi Factor Authentication, or MFA, provides a second layer of security by requiring extra information or a physical device to access information, making it more difficult for unauthorised individuals […]
Introducing Multi-Factor Authentication Read More »
The general transfer balance cap (TBC) – the amount of money you can potentially hold in a tax-free retirement account, will increase by $200,000 on 1 July 2023 to $1.9 million. The TBC is indexed to the consumer price index each December. The TBC applies individually. If your transfer balance account reached $1.7m or
1 July 2023 Super Balance Increase but no Change for Contributions Read More »
The Australian Taxation Office (ATO) has refreshed the way that taxpayers claim deductions for costs incurred when working from home. The changes better reflect contemporary working from home arrangements. Assistant Commissioner Tim Loh explained that taxpayers can choose one of two methods to claim working from home deductions: either the “actual cost” or “fixed rate”
ATO announces changes to working from home deductions Read More »
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity to use this strategy if it suits their needs. What’s
Is “downsizing” worth it? Read More »
This week we catch up with Ballarat born and bred, Senior Accountant, Daryl Tauschke for a quick chat. When did you join CountPro? I joined CountPro in April 2013. What is your role with CountPro? Senior Accountant in our Business Services team. What do you enjoy most about your role? Getting to
CountPro team profile – Daryl Tauschke Read More »
Low interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed stimulus measures through the economy and central banks reduced interest rates even further. Coming out of COVID, housing market demand was strong and prices boomed but at the same time, supply chains remained restricted and
How high will interest rates go? Part 2 Read More »
The deadline for existing directors of Australian companies to obtain a Director Identification Number is 30 November 2022. All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation (ATSI) will need a director ID. This includes directors of a corporate trustee of a self-managed super fund
30 November Director ID deadline Read More »
CountPro is pleased to announce that we have employed a well regarded SMSF specialist to head up our self-managed superannuation fund division. Tiarna Waight will now oversee the management, accounting and tax return preparation for all of our SMSFs. Tiarna has dedicated her professional career developing a thorough understanding of not only the intricate technical
Superannuation at CountPro Read More »
In the wake of the Optus data leak, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act from $2.2m to up to $50m. But there are no guarantees that even the strongest safety measures will prevent an attack. So, what does that mean for business and their
Can you prevent a hack? Read More »
The end of 2022 is fast approaching. It’s been a big year for us, with a couple of highlights being the move to our fantastic new office at Lucas, and welcoming new team members. Our team are taking a much needed break over the Christmas and New Year period. Our office will be closed from
Christmas holidays 2022 Read More »
