Important Information for Clients with a Discretionary Trust

Decisions Regarding Distribution of Income If you have a Discretionary Trust, the decisions about the distribution of the income of your Trust must be made and evidenced by 30 June 2019. Under the terms of most Trust Deeds it is not necessary for formal minutes to be prepared prior to 30 June as these can be prepared and signed at a later date.  It is only necessary for the decision…  Read more

Changes to Insurance inside Superannuation

The Federal Government recently passed the “Protecting Your Super” (PYS) legislation package. This is designed to provide better outcomes for superannuation members by preventing inactive superannuation accounts being eroded by insurance premiums. From 1 July 2019, Super Funds are required to cancel insurance cover for any members whose accounts are deemed “inactive” for a continuous 16 month period and where the member has not elected to maintain insurance. Broadly, a…  Read more

What the Coalition win means to your Superannuation

After taking a policy of stability for superannuation to the election, the Coalition Government has been re-elected in the 2019 Federal Election, with a small majority of seats in the House of Representatives. After the introduction of the significant legislative changes which came into effect on 1 July 2017, you may be relieved to hear that for at least the next three years we hope to have sustained stability for…  Read more

Single Touch Payroll: What you need to know

From 1 July 2019, all employers will need to start complying with Single Touch Payroll, which has been introduced by the ATO to streamline payroll reporting.  STP commenced for employers of 20 or more employees as at 1 July 2018.   What is Single Touch Payroll?  When you complete your payroll, you will be reporting the payments made, tax withheld, allowances, deductions and super information for each employee directly to the ATO…  Read more

Allan Hall named finalist in 6 categories in the Australian Accounting Awards 2019

We are very excited to announce that Allan Hall Business Advisors has been named a finalist in the Australian Accounting Awards 2019 in the following 6 categories: Firm-wide Awards: Multi-service Firm of the Year SMSF Firm of the Year Employee Wellness Program of the Year Network of the Year (Alliott Group, the international association of accounting and law firms of which Allan Hall Business Advisors is affiliated have been nominated…  Read more

Instant Asset Write Off changes announced in Budget 2019 are now law

The measure announced in the 2019 Federal Budget to give medium-sized businesses (turnover greater than $10M but less than $50M) the ability to immediately deduct the cost of assets costing less than $30,000 is now law. The new Act also increases the current threshold for the instant asset write off for small businesses (turnover less than $10M) from $25,000 to $30,000. There have been a couple of changes to the…  Read more

Allan Hall named finalist in numerous firm-wide categories, including the Australian Accounting Awards 2019

Allan Hall Business Advisors continues to impress with individual, network and firm-wide awards and accolades, with our latest nomination as finalists in 6 categories of the Australian Accounting Awards 2019, Women in Finance Awards and HR Manager of the Year. For further details and a full list of our recent awards, click below.

Global alliance focussed on business excellence

Allan Hall is the Sydney member of Alliott Group, an award winning, growing, global alliance of 160+ accounting, law and consulting firms in 60+ countries.