Brealey Quill Kenny industry news and updates

Start reporting early – If you have payroll software which offers STP, you can update your product and start reporting at any time. Discuss this with your software provider to find out what you need to do. Start reporting from...

Single Touch Payroll (STP) started from 1 July 2018 for employers with 20 or more employees. You should now be reporting through STP or have a deferral in place for a later start date. If you have not started reporting...

A self-managed superannuation fund (SMSF) can lead to a vast and diverse range of investment choices allowing you to have full control of how your retirement benefits are invested. Did you know that Brealey Quill Kenny can fully administer your...

ASIC have recently issued a statement warning of an email scam which pretends to be from ASIC regarding the intent to cancel your business name. The emails often provide a link with a fake invoice and payment details which can...

Single touch payroll (STP) requires employers to report tax and superannuation information each time they pay their employees via STP enabled software. This was introduced in April 2018 for employers with more than 19 employees. Legislation has now been passed...

So often we are told “more than 50% of businesses fail in the first year”. At Brealey Quill Kenny we don’t subscribe to that theory. For the vast majority of businesses that seek professional guidance, adhere to basic principles, set...

Recent ATO communication and activity has highlighted the need for accurate record keeping when claiming motor vehicle expenses, particularly in relation to log books. In earlier blogs we discussed the two methods available for claiming car expenses (Link to Blog),...

If you use your car for work purposes you are able to claim a portion of the running costs as a deduction in your Tax Return. The two methods allowed by the ATO are the cents per km method and...

As announced in the 2017-18 Federal Budget, the Australian Government has introduced the Downsizer Measure allowing those aged 65 or over to top up their superannuation as a result of downsizing their home. This measure allows individuals to make a...

The Government has announced a 12 month amnesty for employers who have failed to meet past superannuation guarantee obligations for their employees – also known as a “SG shortfall”. Once the legislation is passed by parliament, the amnesty is intended...