Budget - Townshend & Associates

Finance drives everything — including your insecurity at work

August 15, 2018 | Budget, Financial planning, SMSF

An excellent article by Professor David Peetz and puts in focus the need to find your financial journey in this world. From the conversation: There’s a common link between the many things that have promoted insecurity at work: the growth of franchising; labour hire; contracting out; spin-off firms; outsourcing; global supply chains; the gig economy; […]

Bitcoin, cryptos and your taxes

August 15, 2018 | Budget, Financial planning, Individual tax, SMSF

The central premise to be “outside of the central banking monetary system” and the “way of the future”. If you own or are thinking to own cryptocurrencies, you should not be confused with that those that disagree with Bitcoin being money and those people not understanding it. They do, especially the Australian Taxation Office (ATO) […]

Single Touch Payroll: More “data matching”

July 30, 2018 | Budget

We predict that if you haven’t heard the term “data matching” enough, you will increasingly hear it in the news and in professional correspondence in the future. and perhaps the first move to a more “improved data matching” environment which will have a material effect on the way business operates is the Single Touch Payroll […]

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 […]