Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers. ASIC does not currently verify the identity of directors and Elvis Presley and Bob Marley could “quite possibly” be registered. Or at least that was […]
The New Lifetime Director IDs Read More »
Currently, when an employer hires a new staff member, they must provide the new employee with a Choice of Fund form (as well as the Tax File Number Declaration and the Fair Work Information Statement) to identify where they want their superannuation to be directed. If the employee does not identify a fund, the employer
New stapled superannuation – employer obligations for new staff Read More »
It’s a very busy time of year for us right now, but we did manage to sneak a few minutes with Accountant, Sally McEldrew, to ask her some questions. When did you join the team at CountPro? I commenced as a Graduate Accountant in October 2014. What do you enjoy most about working at CountPro?
CountPro Team Profile – Sally McEldrew Read More »
Running a business can be an isolating experience. And, with COVID-19 lockdowns and disruptions to trade, the pressure can be intense. NewAccess for Small Business Owners is a free and confidential mental health program developed by Beyond Blue to give small business owners the support they need. Whether you’re just feeling stressed, or completely overwhelmed about
Mental Health Support for Business Owners Read More »
New legislation will help prevent superannuation assets from being hidden during divorce proceedings. From 1 April 2022, the Australian Taxation Office (ATO) will be able to release details of an individual’s superannuation information to a family law court. The recently enacted laws are designed to ensure that there is procedural and economic fairness in divorce
Divorce, Superannuation and the Gender Divide Read More »
Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions. And, it is not just businesses in lockdown that are in
What now? Unwinding the Pandemic Read More »
Ballarat based community groups and businesses can apply for a one-off support payment after Ballarat City Council endorsed a $1 million Community and Business Support Package to help those severely affected by Covid-19 lockdowns. The Community and Business Support Package grants include: Business Support Grants – $500 grants for businesses with a significant revenue reduction
Ballarat Council Community and Business Support Package Read More »
To wrap up the 2021 Financial Year, we caught up with William Ko, our Audit Manager, for a quick Q&A. When did you join the team at CountPro? July 2006 What do you enjoy most about working at CountPro? Working in an agile, adaptive and supportive team environment. Help is never far away. Tell us
CountPro Team Profile – William Ko Read More »
Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and is not income assessed for
Am I taxed on an insurance payout? Read More »
If you worked from home during lockdown and spent money on work related items that were not reimbursed by your business, you might be able to claim some of these expenses as a deduction – but not everything you purchase can be claimed. The ATO has stated that it is looking very closely at work
Work from home expenses under scrutiny & the perils of browsing Facebook Read More »
