Dear Clients & Friends
Welcome to the March edition of #trending.
In this edition, we take a quick look at a number of recent taxation, business and investment developments.
As the dust settles on the Hayne Royal Commission we are yet to see how business and industry respond to the recommendations. This will undoubtedly, be a major disruption to the profit model of many old school advisors. With our fixed fee, high touch, technology-driven model, we believe Eclipse is well-positioned to offer clients a new style financial advice service at a lower cost.
Single touch payroll has been described as the biggest compliance change since the introduction of GST. With reporting obligations commencing July 2018 (Large employers) and 1 July 2019 for all remaining employers. Any client struggling with this implementation should contact Tom Newton from our team.
We also cover tax tips, traps the ATO is watching, tax debt recovery scams, and the very important $25,000 instant asset write-off for businesses which is among the best tax-effective investment options available to the business.
See full list: #trending Newsletter March 2019