Growing rural leaders. Rural Bank is offering scholarship in 2018 to first-time undergraduate university or college students enrolled in agribusiness studies or studies that will enable the student to contribute to the future of Australian agriculture. The scholarship provides each successful student with funding up to the value of $5,000 to assist with his or […]
Happy Christmas to you all
From all of us at Red Hills Accounting we would like to take this opportunity to say a big thank you to all our clients for your continued support throughout this year. We wish you all a very Happy Christmas and a wonderful festive season. We look forward to seeing you in the new year. […]
Make a voluntary after tax super contribution
Make a voluntary after-tax contribution to your super account before 30 June 2016 and if eligible your government co-contribution will be paid into an account by the ATO. How much can I receive? If you earn less than $35,454 in 2015-16 you may qualify for the full $500. Total Annual Income Your after-tax contribution Max […]
ATO – helping small business get back on track
From this week the ATO will be sending letters to small businesses that have fallen behind with their tax payments. The letters have a new look, which will make it easier for people to understand what they need to do and where they are in the debt collection process. So what should you do if […]
Super Guarantee Contributions (SGC) due date & Super Stream Compliance
Super Guarantee Contributions (SGC) for the January to March Quarter are due on Tuesday 28th April. Remember this is 9.5% of Ordinary Time Earnings. Super Stream Compliance: As of 1 July 2015, all SGC must be paid electronically (EFT, BPAY or Direct Debit), a data file must be forwarded to the employees super fund […]
How to be a student of business
Our blog of the day, courtesy of MYOB, The Pulse: Written by Matthew Snelleksz For those business owners out there who want to stay ahead in the game and build a thriving business, then here are some tips so you too can become a student of business. Knowledge is power, and constantly being hungry for […]
Super Stream – what options are available to you?
Payroll provider MYOB M-Powered Super or Reckon Superlink are super stream compliant. They are easy to set up, simple processing by paying and lodging in one click, however – there are charges, some starting from $110 per year. Clearing House Here are a few clearing houses we have used, set up for clients, and best […]
Construction Industry Workers – Red Cards & White Cards
Those working in the construction industry will hold a Red or White Card (confirms you have completed a Work Safely in the Construction Industry CPCCOHS1001A course). The difference between them, is that the White Card is recognised throughout Australia, the Red Card is only recognised within Victoria, and no longer issued. You can transfer your […]
Top tips to get cash flowing into your business quicker
Make your payment terms clear Get your customer to agree to your estimated price provided on a quote prior to the work they want done. If your payment terms are stated clearly on your quote or invoice, it is considered a binding contract. Invoice your customers as early as possible Try not to wait until […]
Consolidate your super to save hundreds on account fees
Did you know the average charges paid by Australians for a low cost superannuation account is $532 per year? MyGov has made it much easier for people to combine their super accounts in one place. § Create a myGov account at www.mygov.com.au then link the ATO to your account § If you already have a […]