In this edition, we look at some of the new measures to take effect from 1 July 2018, including the Single Touch Payroll system and new reporting requirements for superannuation funds. A common theme of both is the emphasis on “real time” reporting to the ATO.
As part of our year-end planning suggestions we list some indicators of an insolvent business. It may prove uncomfortable reading, but if you recognise some or all of the symptoms, you need to contact us as soon as possible to put a recovery plan in place.
We hope you find this edition of InFocus informative, and invite you to contact your CMS Advisor to discuss any of the content or tidy up any end of financial year issues you may have.