February 2019 Newsletter


Superannuation guarantee contributions amnesty – an update

Back on 24 May 2018, the government announced a one-off opportunity for employers to self-correct past outstanding or unpaid superannuation guarantee (SG) without penalty.

To date the Amnesty bill has not been enacted and, with the election coming up and the possibility of a new government, all indications are that it will now not pass into law.

Our article outlines indicators to look out for when it comes to a SG shortfall.

Single touch payroll (STP) reporting for small business – are you ready? 

The Tax Commissioner, Chris Jordan, recently released a statement regarding STP and how it relates to Small Business (defined as fewer than 20 employees).

If this relates to you, please click here to view our article.

The “Triple Whammy” account standards are here… are you ready? 

The long anticipated, and perhaps feared “triple whammy” or triple threat of Accounting Standards are now here – and they’re catching a lot of organisations by surprise despite the significant preludes over the past 12-18 months.

Our article outlines a quick overview of the implications of these new standards.

Are you a foreign resident with an Australian property? Confusion still reigns!

We have discussed in previous issues of S&W Insight the problem that potentially exists in relation to property in Australia owned by non-residents.

To view our full article and the latest on this proposed legislation please click here.

50 Years at Stanley & Williamson – by Sam Shun 

As you maybe aware S&W turns 50 this year and over the next few months we will be bringing some S&W history to the Newsletter along with profiles of our current Partners.

We are proud to offer our clients an exceptional service that has seen Stanley & Williamson withstand 50 years of business.  We again thank you and hope to do so for another 50 years.

Sam Shun who is now a Consultant (he retired as a Partner on 1 July 2012) has worked with S&W for 46 years and was a Partner for 33 of them.

Sam continues to oversee our clients SMSF needs and those clients he has be responsible for over the years.

Semi retired life has left time for Sam to engage in his two great passions – travel and golf.

Kreston Stanley Williamson Team

*Correct as of February 2019

*Disclaimer – this article has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this article, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under professional standards legislation.


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