The ATO has advised that they are seeing an increase in scams involving fake tax file number (TFN) applications.
These scams tell people they can help them get a TFN for a fee. But instead of delivering this service, these fraudulent websites steal the person's money and personal information.
These scams are often advertised on social media platforms like Facebook, Twitter and Instagram.
Applying for a TFN is free. Find out how you can apply for a TFN.
The same goes for Australian business number (ABN) applications – never give out your personal information unless you're sure of who you're dealing with.
Should you have any queries, please contact our office.
The April 2022 newsletter topics include FBT year end checklist, ATO's crackdown on Trusts, salary sacrificing to super and more.
Please refer to the attachment for further information and should you have any queries, please contact our office.
Please find attached a brief outline of the outcome from the 2022-2023 Federal Budget.
Should you have any queries, please do not hesitate to contact our office.
The March 2022 newsletter topics include compulsory hiring new employees, paying employees super via a clearing house, employee allowances and more.
Please refer to the attachment for further information and should you have any queries, please contact our office.
The February 2022 newsletter topics include compulsory Single Touch Payroll, consolidating your superannuation accounts, immediate deductions available for businesses and more.
Please refer to the attachment for further information and should you have any queries, please contact our office.
We wish to remind our clients that effective November 2021, all directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation is required to obtain a director identification number (Director ID).
You must apply for your director ID based on the date you become a director;
On or before 31 October 2021 by 30th November 2022;
Between 1 November 2021 and 4 April 2022 within 28 days of appointment;
From 5 April 2022 before appointment.
Directors must apply for their director ID themselves because they will need to verify their identity. We cannot apply on your behalf.
The ABRS is responsible for the implementation and administration of director ID. ASIC will be responsible for the enforcement of associated offences.
https://www.abrs.gov.au/director-identification-number
Please refer to the above website for further information and should you have any queries, please contact our office.
Our office will close at 12pm on Wednesday 22nd December 2021 and will re-open on Monday 10th January 2022.
We wish you and your family a safe and happy Christmas and a healthy new Year.
The December newsletter topics include obtaining your director's ID, last Wills and disputes, Treasury Law amendments to Superannuation and more.
Please refer to the attachment for further information and should you have any queries, please contact our office.