Author Archives:
MYOB upgrades
All users of MYOB who have payroll should be upgrading to MYOB Premier Version 19.6. When upgraded to this version you will be able to Load the current updated Tax Tables for PAYG withholding on wages.
Children and tax file numbers
All children are required to have a Tax File Number if they receive a distribution from a Trust. Under new ATO rules, all closely held trusts must lodge a TFN Report with the ATO advising the Tax File Numbers of all beneficiaries including those under the age of 18. Consequently, it will be necessary for [...]
Cloud Accounting
Technology is continuing to change at a rapid rate with new generation products from Apple – Iphones, Ipads – and computers where the “box” is now part of the screen. We at Barrington’s strive to stay at the forefront of changing technology and are now actively promoting Cloud Accounting and specifically Xero Accounting. Cloud Accounting [...]
Structuring Advice
The changes over the past 18 months both with tax legislation and court cases relating to tax issues has meant that for some the existing structures established some years ago are no longer seen to be as effective as they were in the past. Whilst this is true in relation to the following: 1. Use [...]
B1G1 – Goats and Giving Back
For some time now, we’ve been thinking about what Barrington Business Professionals could do to give back to the community and make a real difference. We think it’s something all business should be doing. Put simply, we believe in the power of business to change lives. As you know, Barrington Business Professionals caters primarily to [...]
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