Bonsella February/March Newsletter

Our latest eNewsletter includes information on the following topics:

Important reminder about new Superannuation obligations (SuperStream): Changes to the Superannuation system are now in effect.

Single Touch Payroll pilot and tax offset proposed: The Government is looking to cut red tape for employers by simplifying tax and superannuation reporting obligations.

GST simplified accounting methods for small food retailers: Simplified GST accounting methods are available for small food retailers if they meet certain eligibility conditions.

Government’s Innovation Agenda contains tax incentives: The Government is looking to support innovation and has proposed a suite of new tax and business incentive measures.

ATO data matching real property transactions: The ATO will be acquiring details of real property transactions from various state revenue offices and tenancy boards.

Tax treatment of earnout rights on business sale: Tax law changes have been proposed to change the treatment of the sale and purchase of businesses involving certain earnout rights.

Are your super saving goals on track?: The new calendar year is a good time to conduct a superannuation health check and set some new goals to help boost superannuation savings.

Bonsella News: Updates from the Bonsella Team.