Category Archives: Latest News
Business Program with Paul Dunn
COMING 23 FEB: INSPIRE! A business and life-changing program with Paul Dunn, described recently by UK Entrepreneur of the Year this way ‘the best speaker I have ever seen. And it is not just his presentation style that is stunning, his content is too. I have seen his ideas and presentations transform the results of [...]
Property Investment Depreciation Deductions
Property investors take note that the ATO requires a qualified Quantity Surveyors Tax Depreciation report in order to clain depreciation on fixtures and fittings and the building allowance for both residential and commercial properties. We recently had a discussion with one of our clients who had just bought an investment unit about the benefits of [...]
Year End Parties and Gifts
The year end parties are planned, the gifts to staff and customers/suppliers are being thought about and bought and most people are looking forward to a well earned break over the Christmas/New Year period. But Beware! The Tax Man doesn’t have such a generous view in relation to the costs incurred by business on these [...]
10 Common Mistakes in Web Design
1. Don’t think it’s finished 2. What’s the point? 3, No secondary goal 4. Where’s the newsletter? 5. Keep it clean 6. All show, no go 7. Is it mobile-ready? 8. Plan for ads 9. No integrated blog 10. Inconsistent branding
Superannuation – Common Mistakes
As an employer, it is imperative that you make your employee’s superannuation contributions regularly and follow the requirements, namely: 1. pay 9% contributions for all employees (including commissions, shift-loadings and allowances but not overtime pay) There is no requirement to pay superannuation contributions if an employee earns less than $ 450 for the month or [...]
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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