Sullivan Dewing News

Our blog has the latest news and insights on tax, accounting and growing wealth, to help you build a successful business that will achieve your financial goals. To get Sullivan Dewing news straight to your inbox, subscribe to our newsletter.

Avoid SMSF penalties

Jennifer Palmer - Jun 2014

New legislation has given the Australian Tax Office (ATO) powers to ensure Self-Managed Super Fund (SMSF) trustees comply with their duties and obligations. For SMSFs with individual trustees, penalties will apply to each individual trustee. This means the penalty will be multiplied by the number of trustees in the SMSF. However, corporate trustees will only incur one penalty. Read More

Payroll Tax

Jennifer Palmer - Jun 2014

Remember to review your payroll. If you exceed $750,000 you should be paying payroll tax at a rate of 5.45%. Remember payroll includes: salaries & wages, superannuation, director’s fees, FBT, allowances, bonuses, termination payments and contractor payments. If you are a member of a group of companies then your payroll is counted together for the purposes of payroll tax. Read More

Why you need to get in the cloud

Jennifer Palmer - Mar 2014

The shift toward cloud-based software is perhaps one of the most defining technological movements of this decade, with applications from Google Apps and Dropbox to remote email access giving us the freedom to work from anywhere with an internet connection. Read More

Are you ready for SuperStream?

Jennifer Palmer - Mar 2014

SuperStream is part of an Australian Government reform that aims to streamline the superannuation system. Under SuperStream, employers must make super contributions on behalf of employees by electronically submitting super payments and associated information for all superannuation funds, including Self-Managed Super Funds (SMSF). Read More

Personal Property Securities Register

Jennifer Palmer - Jan 2014

The Personal Property Securities Register (PPSR) is an Australian Government national online register of security interests in goods and other personal property which is regularly used by buyers, sellers and financiers. Read More

New Year Focus

Jennifer Palmer - Jan 2014

A new year is the perfect time to take stock of where you and your business are going. There is no point in waiting until after June 30 to take time out and review your business. Read More

MySuper is now Compulsory

Jennifer Palmer - Jan 2014

From January 1, if one of your employees hasn’t nominated a preferred superannuation account, you must choose a MySuper compliant account for them. Read More

Low Hanging Fruit

Jennifer Palmer - Jan 2014

While most business owners are chasing new clients, did you ever stop to consider that increased sales may be captured more easily by simply showering your existing clients with a top notch product or service? Read More

Without the Zero, Accounting is just Counting!

Jennifer Palmer - Jan 2014

Did you ever wonder about the origins of accounting? Possibly not! Did you know that the ‘father’ of double entry accounting was a 15th century Franciscan monk called Luca Pacioli, a teacher and friend of Leonardo da Vinci? Read More

Important Tax Changes Pending

Jennifer Palmer - Nov 2013

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