Important Client Announcement: myGovID to replace AUSkey

Come April 1, 2020, you will no longer be able to use AUSkey to access the ATO’s Business Portal Will this change affect your business? If your business is currently utilising the ATO’s Business Portal, you will soon need to change the way in which you access this portal. Previously, AUSkey has been used to enable access to the ATO’s Business Portal. Come April 1, 2020 AUSkey will be replaced…  Read more

Application of the Updated Lease Accounting Standard – AASB 16: What You Need to Know as a Business

The revised lease standard “AASB 16 Leases,” will mean significant changes for businesses that need to comply with accounting standards within their financial reports. The majority of leases, both operating and finance, will now need to be brought onto the balance sheet. AASB 16 Leases is the updated accounting standard that changes the way in which many companies account for leases in their financial statements. AASB 16 Leases was issued…  Read more

Superannuation Guarantee Obligations: Don’t Get Caught Out by the ATO!

Increased ATO Activity with Employers’ Superannuation Guarantee Obligations Over the last couple of years, the ATO has introduced multiple new systems to change the way in which employers meet superannuation guarantee obligations for their employees. The two most recent significant changes regarding superannuation guarantees are: SuperStream Single Touch Payroll (STP) Here is a quick summary on what both systems are: SuperStream SuperStream is the way you must pay employee superannuation…  Read more

Have you paid your Superannuation Guarantee Contributions for the December 2019 Quarter?

Staff superannuation guarantee contributions for the December 2019 quarter are due before the 28th of January 2020. We would like to remind all employers that Superannuation Guarantee (SG) Contributions for December 2019 are now DUE and must be received before the 28th of January. If you are an employer or are responsible for managing employee superannuation contributions, we wish to remind you to pay staff superannuation guarantee contributions for the…  Read more

Investing for Income

The search for income is a major driver for many Australian investors, particularly those who have retired and/or who are running a Self-Managed Superannuation Fund. As official interest rates have slipped over the last decade from 7.25% to a record low of 0.75%, it has become more difficult to generate income. Here is a snapshot of the current climate and some considerations for investing. The move away from Term Deposits…  Read more

Important Information for Clients with a Discretionary Trust

Decisions Regarding Distribution of Income If you have a Discretionary Trust, the decisions about the distribution of the income of your Trust must be made and evidenced by 30 June 2019. Under the terms of most Trust Deeds it is not necessary for formal minutes to be prepared prior to 30 June as these can be prepared and signed at a later date.  It is only necessary for the decision…  Read more

Allan Hall named finalist in numerous firm-wide categories, including the Australian Accounting Awards 2019

Allan Hall Business Advisors continues to impress with individual, network and firm-wide awards and accolades, with our latest nomination as finalists in 6 categories of the Australian Accounting Awards 2019, Women in Finance Awards and HR Manager of the Year. For further details and a full list of our recent awards, click below.

Global alliance focussed on business excellence

Allan Hall is the Sydney member of Alliott Group, an award winning, growing, global alliance of 160+ accounting, law and consulting firms in 60+ countries.