Cyber Hygiene
It is more important than ever to keep your business secure online. The best way to do this is by putting systems and processes in place to help reduce the risk of a cyberattack and planning your response if one does occur.
Tax Planning 2024
As we navigate through the evolving landscape of taxation in Australia, it’s crucial to stay informed and proactive in managing your business’s tax affairs.
Avoid these common payroll errors
While navigating the complexities of payroll management, it’s crucial to be aware of common errors that can lead to compliance issues & financial penalties.
Paying ATO debts on time now critical
We want to bring to your attention some crucial updates regarding your tax obligations and the ATO’s stance on outstanding debts. During the past few years, we’ve seen significant changes in the way the Australian Taxation Office (ATO) has handled tax debts, particularly in light of the pandemic’s economic challenges. The ATO temporarily adopted a […]
Scam Alert
During this tax season, millions of Australian taxpayers are expected to access their myGov accounts to lodge their tax returns. Whilst one might assume the system is secure, recent revelations have shown a significant security vulnerability in the Australian Tax Office’s (ATO) identity checking system. According to the ATO’s admission to the ABC, fraudulent individuals […]
Happy New Financial Year
We hope that the new financial year is off to a strong start for your business. As trusted partners in your financial journey, Halpin Partners is dedicated to providing you with timely updates and valuable insights to navigate the ever-changing accounting and taxation landscape. In this newsletter, we would like to highlight several key updates […]
Understanding Fringe Benefits Tax
The 31st of March is fast approaching, which means the end of another Fringe Benefits Tax (FBT) year. FBT can quite often be ignored by many business owners, as they are unaware that some benefits they are providing to their employees may actually result in Taxable Fringe Benefits. Business owners should be aware of what constitutes […]
Government confirms plans for $3 million Super Cap
It’s important to acknowledge that the Government’s announcement is a proposal only. It will need to go through the usual parliamentary process and if legislated as announced, the changes will commence from 1 July 2025 (i.e. after the next Federal election). In fact, Tuesday the Prime Minister stated there will be no changes to superannuation […]
Are you prepared for the end of financial year?
With the end of the financial year fast approaching, it is the ideal time to review your 2022 tax year so there are no surprises awaiting you. Below are some areas of your business that you should consider in order to get the best tax outcomes possible: Review your debtors/creditors It is a good time […]
Happy new financial year & what to action
Single Touch Payroll – Annual Finalisation All employers must complete their STP Finalisation declarations by 14 July 2021. The ATO recognise the effects of COVID-19 and are allowing these finalisations to be completed up until 31 July 2021. Change to Superannuation Guarantee Rate From 1 July 2021, the superannuation guarantee contribution rate increases to 10%. This will […]
