Increase ‘small lost threshold’ for super The superannuation (Unclaimed Money and Lost Members) Act 1999 was recently amended* so that, from 31 December 2015, the small lost threshold for super accounts is increasing from $2, 000 to $4, 000. (*) Amended by the tax and superannuation laws amendment (2015 Measures No. 4) Act 2015, which […]
Check Out The ATO’s apps plus other online tools
Check Out The ATO’s apps plus other online tools As a result of user feedback, the ATO has improved their ATO Small Business app and it continues to expand in functionality and usability. Check Out The ATO’s apps plus other online tools by visiting the ATO website. The most useful features for small business include: ¨ […]
Three more pieces of small business legislation tabled
Three more pieces of small business legislation tabled The government has introduced legislation for the following three small business measures that, if passed, will apply from 1 July 2015: A tax offset to individuals who run small businesses (with an aggregate annual turnover of less than $2 million), or who have a share of a […]
Why a Facebook Page Can Be Beneficial & Valuable
Why a Facebook Page Can Be Beneficial & Valuable Facebook started out as a social network for college students back in 2004. Now, more than a decade later, the platform is used by almost everyone who has access to the Internet. Although the company does not release official data about its most popular age groups, […]
Our YouTube Channel
Our YouTube Channel Bottrell Business Consultants have a You tube Channel- pop over to https://www.youtube.com/user/bbcaccounting/featured and learn about our team. We regularly post about, charity events, cloud programs, valuations, business tips, marketing tips, The Maitland Blacks, Positions available, new office locations, and changes to legislation. Watch our latest post about joining our team here https://www.youtube.com/watch?v=ZzL1lCC6LFE The good […]
NAB and Xero joining forces
NAB and Xero joining forces Australia’s big banks have been jostling for the title of the most technologically advanced institution, making big plays to get the edge. Australia’s third largest bank, NAB, is running its NextGen project which is complete overhaul of its legacy systems. CommBank is working with a number of startups and last […]
Not meeting super obligations can be an expensive mistake
Not meeting super obligations can be an expensive mistake Small business owners who try to avoid their employee superannuation obligations can now be reported to the Fair Work Ombudsman. Formerly the ATO was charged with enforcing employer’s super obligations. But due to the ATO’s workload, the chance of an errant employer being forced to meet […]
