Tuesday night’s Federal Budget, delivered a month early in anticipation of the upcoming Federal Election, contained a variety of measures across taxation, superannuation, social security and aged care that will affect many of our clients and their financial plans. Please note that these proposals are not yet legislated, and as always, the team at AGS Financial Group are well placed to advise you on your strategic options as these proposals progress.
Small businesses with cash flow problems put themselves at risk of failing or suffering financial hardship.
| 31 January |
Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 2, 2018–19. |
| 21 February | Lodge and pay January 2019 monthly BAS |
| 28 February |
Lodge and pay December 2018 quarterly Activity Statement Lodge and pay income tax return for newly registered Self Managed Superannuation Funds |
Small to medium businesses are to be affected by proposed tax changes to the Shareholder Loan rules in Division 7A. The changes are expected to apply on 1 July 2019.
On 1 July 2018, the Australian Tax Office (ATO) rolled out Single Touch Payroll (STP).
Great news for small businesses with an annual turnover of less than $10 million!
Tuesday night’s Federal Budget contained a variety of measures across superannuation, taxation, social security and aged care that will affect many of our clients and their financial plans.
The Australian Tax Office (ATO) is urging employers with 20 or more employees to prepare for the introduction of Single Touch Payroll.
Research reveals that a majority of business owners just like you struggle on a day to day basis to keep their bookwork correct and up to date. If you are taking days to prepare invoices then your cash flow will be in damage control and there will be the possibility of your business failing.
Exciting News for AGS Baulkham Hills
Further to AGS' acquisition of Optima Group in September 2015, we are pleased to announce that from Monday 1st May 2017 the office at Baulkham Hills will operate only as AGS Financial Group.
Financial planning, corporate benefits and mortgage services are provided by AGS Financial Group Pty Ltd ABN 70 093 990 946, an Authorised Representative of AMP Financial Planning Pty Limited ABN 89 051 208 327 (AMPFP), AFS Licence No 232706. Accounting, taxation, and business advisory services are provided by AGS Accounting Pty Ltd ABN 12 166 728 696. AGS Accounting Pty Ltd is a member of Chartered Accountants Australia & New Zealand. Liability limited by a scheme approved under Professional Standards Legislation.