This fact sheet provides a quick reference to entitlements you may be eligible for when purchasing your first home. The First Home Owners Grant (FHOG) scheme is designed to encourage and help home ownership. Click above for further information.
One of the most efficient ways to identify data that may lead to an error, including accidental loss or misappropriation of funds, is to apply some Data Analytics testing. Click above for further information.
In light of the potential changes to the Australian conceptual framework for financial reporting, the AASB has released an Exposure Draft (ED 286) Amendments to Australian Accounting Standards – Right-of-Use Assets of Not-for-Profit (NFP) Entities. Click above for further information.
This fact sheet explains key terms and rules for Transition to Retirement Income Streams (TRIS) or Account Based Pensions (ABP). Click above form further information.
A new initiative for the ATO to collect payroll data on a ‘live’ basis during the year. Employers who have more than 20 employees should have been registered from 1 July 2018. Employees with less than 20 need to be registered by 1 July 2019. The ATO have granted an automatic deferral up until the 30 September 2019. Click above for further information.
The Victorian Parliament recently passed the Long Service Leave (LSL) Act 2018, which repealed the Long Service Victoria Act of 1992. The new Act will come into effect on or before November 2018. Click above for further information.