20 March 2016
The Coalition Government recently announced a new legislation delivering on a key Agricultural White Paper initiative to strengthen the Farm Management Deposit (FMD) scheme, enabling farmers to better manage during periods of uncertainty.
The FMD scheme is designed to enable primary producers to deal with uneven income flows. The scheme allows you to make tax deductible deposits during prosperous years that you can redraw (and pay tax on) during less prosperous years.
20 March 2016
The way employers pay superannuation contributions is changing with the introduction of SuperStream. This article outlines all the information an employer needs to know to ensure they are compliant.
What is SuperStream
SuperStream is a package of reforms designed by the government and being implemented by the ATO, with a goal of improving the efficiency of the superannuation system. The SuperStream reform is designed to enhance the ‘back office’ of superannuation with new processes of managing data and payments that business owners have to comply with when making superannuation contributions for their employees.
SuperStream requires employers to make superannuation contributions on behalf of their employees by submitting data and payments electronically in accordance with the SuperStream standard.
With less than six months until SuperStream becomes mandatory, now is the time for small businesses to make the change and ensure their system is running smoothly before the deadline.
14 March 2016
On the 1st of March, Boyce, in conjunction with the University of New England (UNE) Business School, unveiled an exciting new program to provide Bachelor of Accounting students with a scholarship and a clearly defined career path with Boyce - Australia’s leading regional accounting firm.
The program is in memory of Tony Quirk, a former Boyce Director who studied at UNE prior to joining our Moree branch in 1991. Tony was appointed as a Director of the firm at age 27 – the youngest person ever to be elevated to this position. Tragically, Tony passed away in February 2005 at the age of 34.
9 March 2016
The 2015 year was generally an ideal irrigated cotton season in terms of weather. Enough heat, rainfall at ideal times, with low levels of prolonged cloud and cold shock days all contributed to a very kind season for growers, according to the recently published Australian Cotton Comparative Analysis report.
The analysis is conducted annually by Boyce Chartered Accountants, the largest regionally based accounting firm in Australia, in conjunction with the Cotton Research and Development Corporation (CRDC).
The 2015 analysis is the eleventh report to be produced by Boyce and CRDC. From 1986 to 2004 the report was published independently by Boyce.
8 March 2016
The Boyce culture is one of care, not just for our clients and our staff, but also for the communities in which we live and work.
As a way of formalising our commitment to ensuring we make a positive contribution, we established the Boyce Corporate Social Responsibility (CSR) program.
A central part of the Boyce CSR program is our partnership with the Country Education Foundation of Australia (CEFA). We have provided honorary accounting and advisory services to CEFA and some of its regional foundations since 2003. Many of our team also contribute to their local regional foundations via participation as committee members or donations of their time and skills to support fund raising activities like Goulburn’s “Art in the Woolshed” and the Monaro’s “Art on the Monaro”.