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Your Winter Newsletter
 
Welcome to our latest newsletter.

In this edition we provide you with the latest practice update for July 2016. We also cover a range of topics including the ATO's extension of the SuperStream deadline, BREXIT implications and an article by Paul Clitheroe, New financial Year - time to take stock.


If you would like to meet with an xpal tax & accounting professional for a discussion, call us on 08 8291 2821 between 8.30am and 5pm Monday to Friday. 

                                             
                                                                                                               
Key Dates: 2016
14/07
 
  Due date to provide individual PAYG Payment Summaries to employees.

21/07

June 2016 monthly activity statements due for lodgement and payment.

21/07
 
Due date for lodgement of Payroll Tax Reconciliation Statement
 

28/07
 
Due date for payment of quarterly
PAYG Instalment Notices
 

28/07
 

Due date for payment of super guarantee obligations for employees for the year ended 30 June 2016

28/07
 

Quarterly activity statements (Q4) for self-preparers – due date for lodgement and payment                

31/07
 
 

Due date for lodgement of annual Return to Work SA Reconciliation Statement
 

14/08
 
Due date for lodgement of PAYG Payment Summary Statement with the ATO
 

25/08

 
 
Quarterly activity statements (Q4) for electronic lodgers – due date for lodgement and payment
 
Reminders:
The new financial year is here and it is now time to start gathering all of your information together for your tax return for the 2015/16 financial year.

To assist you with getting your affairs in order, we have attached our
End of Financial Year Checklist. This covers the more common types of information that we will need to complete your tax return.

xpal has changed its policy in relation to payment of our fees for 2016 individual tax return preparation. All fees must now be paid in one of two ways:
  • Directly from your expected refund via our trust account
  • Paid at the time of your initial interview
  
                                     
 
Practice Update
July 2016
Our latest update provides details on the following topics:
  • ATO focuses on rental property owners
  • GIC and SIC rates for the 2016 September quarter
  • ATO's deadline for non-arms's length LRBA's extended
  • Tax implications for the sharing economy
 



Brexit: Implications for the world, Australia and Investors 

The vote by Britain on 24 June to leave the European Union poses risks to UK, European and global financial economic stability that may linger for a while.

This article by Shane Oliver discusses the impact the decision will have on the world, Australia and Investors.








SuperStream

For employers, the ATO has made the decision to extend the SuperStream deadline to 28 October 2016, however it is in your best interest to act quickly and become compliant as soon as possible.

Speak to us to find out how we can help you become compliant.




                                   

New financial year - time to take stock

A new financial year is a fresh begining, and it's a good time for us to take stock of our personal balance sheet.



     

                         
                         

Click here to find out more about what the team at xpal tax & accounting can do for you, or simply contact us on 08 8291 2821.  
              
Liability limited by a scheme
approved under the professional 
standards legislation
xpal tax & accounting | ABN 24 115 995 815 
Ground Floor 67 Greenhill Road Wayville SA 5034. PO Box 21 Goodwood SA 5034.
Telephone 08 8291 2821 | Facsimilie 08 8291 2809.
Web www.xpal.com.au Email admin@xpal.com.au
 
Disclaimer: The articles contained in this newsletter are provided for the information of clients only and have been written in accordance with information obtained from various sources deemed to be accurate and reliable. Information contained in this newsletter is of a general nature only and does not take into account your individual objectives, financial situation or needs.
 
 
                                  
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