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Your Winter Newsletter
 
Although some sunny days are still here, the winter season has well and truly begun. Welcome to our latest newsletter!

In this edition we provide you with the latest practice update for July 2017. We also cover a range of topics including Oliver's Insights, The Australian economy hits another rough patch, Cloud Accounting and an article by Paul Clitheroe, Money behaviours - what are your kids learning.


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: 2017
14/07
 
  Due date to provide individual PAYG Payment Summaries to employees.

21/07

June 2017 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 2017

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 2016/17 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.

All fees for individual tax return preparation 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 2017
Our latest update provides details on the following topics:
  • Removal of Temporary Budget Repair Levy from 2017/18 income year
  • Extension of the $20,000 SBE Immediate Deduction Threshold
  • Simpler BAS is coming soon
  • Changes to foreign resident withholding regime for sales of Australian real estate
  • Changes to deductions for personal superannuation contributions


 


 



The Australian economy hits another rough patch

Annual Australian growth slowed to 1.7% in the March quarter hit by bad weather and weak consumer spending.

This article by Shane Oliver discusses the negatives and offsetting positives and the implications for investors.







xpal Client Portal

Did you know that you will now be able to digitally sign your tax return, even on your phone?

Watch this space for more information in coming months.



 

                                   

Money behaviours - what are your kids learning?
Being a parent is a mammoth repsonsibility. In the first 18 years we teach our children a seemingly endless variety of skills that all call for equal measures of patience and love.

The importance of laying early foundations of sensible money management with our children begins at home.

     




                         
                         

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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