Single Touch Payroll Extended to Small Businesses in 2019
The Senate has passed the Bill to extend Single Touch Payroll (STP) to employers with 19 or less employees, commencing 1 July 2019. This follows months of uncertainty for the small businesses, after STP was officially rolled out for…
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Entrepreneur Starter Packages for New Businesses
Semmens & Co can help with starting your business, from registration through to tax, compliance, corporate secretarial, software, software training, bookkeeping, payroll, management accounting and financial reporting. We can also provide you with hands on assistance in writing a Business Plan, a Marketing Plan and Cashflow Forecasting.
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2019 New Service Offerings from Semmens & Co.
Our new years resolution is to provide our clients with greater services and add more value to their businesses. To that end, in 2019 Semmens & Co. will be offering a new suite of services, aimed at expanding…
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Long Service Leave: Changes You Need To Know
Significant changes to long service leave (LSL) entitlements are due to come into effect by 1 November 2018. The new Long Service Leave Act has been passed by the Victorian Parliament, which now means that any period of paid…
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Phoenix Crackdown
For several years, the federal government and regulators have heralded a compliance focus on phoenix activity. Recently, “The Economic Impacts of Potential Illegal Phoenix Activity” whitepaper was released by PWC (commissioned by the ATO, ASIC and the Fair…
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Government Extends Taxable Payments Reporting System
Government has enacted legislation to extend the taxable payments reporting system (TPRS) to a further three industries. The Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018 will apply the TPRS regime to the road freight,…
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Treasury’s Plans to Double Large Company Thresholds
Treasury has released a proposal to double the financial reporting lodgement thresholds for large Australian proprietary companies. The proposal, outlined in the draft Corporations Amendment (Proprietary Company Thresholds) Regulations 2018, aims to maintain financial reporting obligations for economically…
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Work Christmas Parties and Gifts
The season to be jolly is fast approaching! But you may need to ho-ho-hold-up before you start rewarding your employees with gifts or parties this Christmas. It is important to note that fringe benefits tax may apply when…
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Welcome to the New World. Paperless Accounting.
Recently, I was work-shopping project requirements with a client and I learned that this employee spent half his week filing. Yes, 20 hours a week filing paper. Further, the field staff were carrying up to 10 pieces of…
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Simplier business activity statements, an option for small business
The ATO are looking to reduce the compliance burden for small business (those with a turnover of less than $10m), come 1 July 2018, by allowing these entities to opt into simpler Business Activity Statement (BAS) reporting. The…
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Mark Semmens
Mark is a Chartered Accountant with a wealth of experience in accounting and taxation. Mark is a Member of Chartered Accountants Australia and New Zealand, the Tax Practitioners Board and the National Tax and Accountants Association.
Mark's blogs
Daniela Semmens
Daniela Semmens is a Co-Director of Semmens & Co. and joined the company as General Manager in 2017. Daniela is an Affiliate Member of Chartered Accountants Australia and New Zealand and also a Member of the Australian Institute of Project Management.
Daniela's blogsContact Us Today
For any enquiries into our team or our services please contact Semmens & Co. via email at [email protected] or call us on 03 8320 0320
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