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Embracing change: We are upgrading our practice management and e-signature software

At Apiary Financial, we always strive to provide our clients with the best possible service. We believe that innovation is key to staying ahead in today's fast-paced business environment. With this in mind, we are excited to announce a significant...

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Is your business ready for Single Touch Payroll Phase 2?

Single Touch Payroll Phase 2 (STP2) reporting became mandatory on 1 January 2022.  While a number of Digital Service Providers (DSP) such as Xero and QuickBooks Online obtained STP2 deferrals, these will be expiring shortly, meaning employers will soon need...

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Important Director ID Update, Resigned Directors Required To Register

The 30 November 2022 deadline for Directors IDs is quickly approaching. Our previous articles have detailed the requirements for the Directors ID, however the ATO has recently confirmed that directors who were appointed as Directors on or before 31 October 2021 are also required...

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Director ID required by 30 November 2022

Just a reminder that if you were a director of a company on 31 October 2021, you need to obtain a Director ID by no later than 30 November 2022. You can apply online or over the phone. https://www.abrs.gov.au/director-identification-number/apply-director-identification-number To...

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Are You Ready for the Super Changes

We would like to remind you to ensure you update your payroll and accounting systems so that you continue to pay the right amount of super for your employees. There are two important super guarantee (SG) changes that came into...

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Director Identification Number requirements

In November 2021, a new initiative was introduced that requires all directors of companies in Australia to obtain a director identification number (director ID).  A director ID is a 15-digit unique identifier that remains with you forever, regardless of whether...

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Tax audit insurance

Have you considered the need for tax audit insurance?

As the new financial year kicks into gear, it’s important to set yourself up for success by putting measures in place to protect your business and personal interests. Ongoing developments in data-matching technology have allowed the ATO to increase the...

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Get ready for changes to super guarantee

From 1 July 2022 there are two important changes to super guarantee (SG) that will apply to your business. These are: the rate of SG is increasing from 10% to 10.5% the $450 per month eligibility threshold for when SG...

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Further changes to Superannuation Rules and extension of Temporary Full Expensing of Depreciating Assets

A Bill that implements a number of changes to superannuation as proposed in the 2021-22 Federal Budget and extends the temporary full expensing of assets by a further 12 months to 30 June 2023 has now passed both houses of...

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What to expect in Phase 2 of Single Touch Payroll

In 2022, Phase 2 of Single Touch Payroll (STP) will come into effect. This expansion of STP is intended to reduce reporting burdens for employers who need to report information about their employees to multiple government agencies, as well as...

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