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Boyce Financial Services awarded 'Practice of the Year'

Boyce Financial Services awarded 'Practice of the Year'

19 December 2017

Boyce Financial Services (BFS) was recently awarded the Lonsdale Financial Group “Business of the Year” at the Lonsdale and IOOF Alliances annual conference. In a fiercely contested field, BFS was awarded the accolade for the third occasion having previously attained the title in 2014 and 2011.

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Employee Truck Driver Travel Allowances

Employee Truck Driver Travel Allowances

19 December 2017

Previously we sent an article out describing the changes that came into effect from 1 July 2017 relating to the amount of allowances which Employee Truck Drivers could claim for meals without needing to maintain detailed records of the expenditure. The ATO have since changed their position on this matter and have stated that Employee Truck Drivers can  now choose either method for claiming their expenses from 1 July 2017.

 

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Single Touch Payroll - What is it and how does it affect me?

Single Touch Payroll - What is it and how does it affect me?

19 December 2017

The Australian Government has committed to enforcing Single Touch Payroll (STP) reporting, employers with 20 or more employees being required to be reporting from 1 July 2018 and all businesses required to be compliant by 1 July 2019.

At 1 April 2018 employers are required to have a headcount, and if at that date they are paying wages to 20 or more employees then they will need to ensure that their payroll software supports Single Touch Payroll reporting which will commence on 1 July 2018.

 

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Small Business Super Clearing House joins ATO Online Services

Small Business Super Clearing House joins ATO Online Services

19 December 2017

The ATO have announced that in early 2018 they will be adding the Small Business Super Clearing House (SBSCH) to their online services. It will be a simple to use system which will be avaiable to any business currently using the business portal. The Super Cleaing House is for business' with 19 or less employees, or an aggregate turnover of less than $10 million.

The Business Portal is a quick and easy system which businesses can use for lodgement and their business reporting.

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The value of keeping your systems up to date – don’t get Kracked!

The value of keeping your systems up to date – don’t get Kracked!

19 December 2017

In the past month a significant vulnerability was discovered in the most commonly used type of secure wifi.

Dubbed “KRACKAttack”, it allows someone on the same wifi network as you to gain access to your information by replaying the security keys exchanged between your computer and the wifi modem. All modern wifi networks are at risk.

The attacker can potentially steal credit card numbers, passwords, email or chat messages or inject malware or ransomware into websites as you are downloading them.

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