Business Advisory - Townshend & Associates

Protect your privacy: ATO warns about scammers

July 12, 2018 | Business Advisory, Financial planning, Individual tax, Scam Alerts, SMSF

It is imperative that you keep your personal information secure, the ATO has released another warning about increased scam activity this year. From the ATO Scammers frequently claim to be from the ATO and according to Ms Anderson, you should be wary of any phone call, text message, email, or letter about a tax refund […]

Have more than 20 employees? Single Touch Payroll is here NOW, under 20 next year

July 9, 2018 | Accounting, Budget, Business Advisory

From the 1st of July 2018, businesses with 20 employees must now have payroll systems that are single touch payroll compliant, if not you must apply for a deferral with the ATO. What is single touch payroll? Basically, you shall report your payroll and superannuation information to the ATO at each pay run. Additionally, employees […]

November deadline: Trading names to be retired

July 6, 2018 | Accounting, Budget, Business Advisory, Individual tax

An excerpt from ASIC. If you require assistance with this matter please contact the office. “From November 2018, trading names will be removed from the ABN Lookup. The ABN Lookup contains a list of all Australian Business Numbers (ABNs) and any associated business names. If you want to trade under a specific name, you’ll need to […]

“to err is human; to forgive, divine”: Protecting your credit file, more important than ever.

July 3, 2018 | Business Advisory, Financial planning, Individual tax, Mortgage Brokering

What do you know about your credit file? Do you know what credit providers you currently have? You probably haven’t heard of the “National Consumer Credit Protection Amendment (Mandatory Comprehensive Credit Reporting) Bill 2018″ but from the 1st of July 2018, paying your bills to credit providers on time will be recorded on your consumer […]

What it’s worth?

June 18, 2018 | Accounting, Budget, Business Advisory, Equipment and Vehicle Finance, Financial planning

Value as a topic is fascinating and all of us need it, use it and perhaps earning a living measuring, selling or consuming it. So diverse and complication that I could not possibly write a complete nor accurate depiction of value pleasing everyone. It is a concept which helps defines us as a civilisation and […]