Brealey Quill Kenny Blogs

Tax Office Launches Tip Off Services

Brealey Quill Kenny Accountants advise the Tax Office has launched a whistle-blower hotline that encourages people to expose business owners who are suspected of operating in the black economy. The hotline went live at the start of this financial year and details can be found on the ATO website. The focus of the service will...
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Brealey Quill Kenny clients who are involved in Manufacturing should Act Now

Just this week the Federal Government announced a $160 million fund to help small & medium manufacturing businesses invest in new technology. This grant is quite unique as eligible expenditure includes the purchase of plant & equipment (including design, engineering & automation) – expenditure which is normally excluded from government grants. Clients of Brealey Quill...
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It’s Tax Time, Brealey Quill Kenny discuss what to consider

With the 2019 tax return preparation season now in full swing, there are a few things to consider to ensure lodgement of your return is completed seamlessly, and that it doesn’t attract the attention of the Australian Taxation Office (ATO). Income Statements, myGov and Single Touch Payroll Since 1 July 2018, many employers have been...
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Brealey Quill Kenny discuss Protecting your Super Package

Changes to Superannuation Legislation On 1 July 2019, The Federal Government’s Protecting Your Super Package Act comes into effect. This package is designed to protect Australian’s retirement savings from being depleted by unnecessary fees and insurance premiums. Changes to Fees From 1 July 2019, Superannuation accounts with balances of less than $6,000 will have a maximum...
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Federal Election Analysis

With the upcoming election looming, our affiliated financial planning firm, Barns Financial Services, provide an overview of the different reform changes impacting Taxation and Superannuation from both sides of politics. For some voters, the decision on where they cast their vote will be influenced by where the future elected Government will focus their spending. In this respect,...
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What does STP mean for Employees

If your employer reports through STP, you will see your year-to-date tax and super information by logging into your myGov account and accessing the ATO online services. It is easy to set up and manage a myGov account if you don’t have one.  Instructions to set up a myGov account – click here Each time your employer pays...
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STP for Employers with 19 or less employees

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 any time from 1 July – 30 September 2019 – Please visit the Australian Taxation...
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STP for Employers with 20 or more employees

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 through STP, information to assist you can be found on the Australian Taxation Office website...
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Brealey Quill Kenny and Self Managed Superannuation Funds (SMSF)

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 self-managed superannuation fund? With leading SMSF industry software, we can keep you up to date...
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Brealey Quill Kenny discuss the recent ASIC Business name scam

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 infect your computer with malware. Warning signs that the email may be a scam include:...
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Tax Office Launches Tip Off ServicesBrealey Quill Kenny Accountants advise the Tax Office has launched a whistle-blower hotline that encourages people to expose business owners who are suspected of operating in the black economy. The hotline went live at the...
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