- Category: SAS News and People
We have been a bit quiet on the blog here for various reasons.
One is we have been heads down and backsides up working through some great work and a good amount of it too!! It is a positive situation to have and we are always seeking to do the very best for our clients and that takes time and our concentration as you would hope ;)
But it has also been pretty quiet on the tax front form small and medium businesses. There are the large taxes being discussed at present, mining tax and carbon tax, but in the first instance we don’t actually act for (surprise) and large multinational miners and in the second instance, well there just isn’t anything we can do about it.
Perhaps the most relevant item at present is the increase in superannuation guarantee levy that employers will pay. Despite government rhetoric (or spin) the simple fact is the only people who will pay for this will be either the employer or the employee. If the employer absorbs it then plain and simple his profit margin will go down. If the employee 'wears' it then they simply will have wage increases absorbed into their superannuation rather than as an increase in take home pay.
Unions are saying the second option above cannot happen but in reality it is our feel that it will likely be a mix of the two. Employers will again be slugged with another cost which will reduce their profit margin. But similarly employees will also suffer as their pay rises are partially absorbed into super rather than take home pay.
The notion and need for increased super is there and good policy but the implementation and funding is questionable especially as we move and operate in these more uncertain economic times. Like much government policy it simple hasn’t been thought through enough.
- Category: SAS News and People
Happy new year to all!!
Hoping you had an awesome xmas and a happy new year...looking forward to exciting things in 2012 and an even better year for all :)
From all of us at SAS
- Category: SAS News and People
A question we receive from time to time is how can I make my hobby tax deductible!!
- Category: SAS News and People
With only this week and next before the Xms break we hope everyone is finalisng their years work, getting some good social time in and keeping safe!!
- Category: What's new
Well that is another BAS period over with Quarter 2, 2012 now done and dusted i.e. lodged!! This is always a busy one as people coming back from holidays understandably send their information a little later than normal so it gets a little tight on time frames in here...but it is all good!!
Now back to tax returns and to find client some damn good refunds!!!!!!!!!!!!!!!!!
- Category: What's new
This is awesome..must watch from both angles!!
http://www.youtube.com/watch?v=ADBQBnHWODI&feature=player_embedded
- Category: What's new
There have been a few articles recently in the Victorian papers discussing tax and changes people want to see…
I am loathe to ‘get political’ on this blog as we all have diverse opinions…so rather than that I will state simply this…
Most people who comment on the tax system have usually one of two things that make their comments or opinions such that they should be severely questioned as to validity and veracity!! They are either a) extremely ill informed and ignorant as to how the tax system really works and thus their comments are simplistic/incorrect/factually false etc. and b) they have a vested interest in seeing a change or pushing a cause to suit their own personal/political/ideological agenda.
My message…read with caution and a high degree of critical caution J
Simon
- Category: What's new
Our new website is up and running!! Expect to see various information on the blog but it won’t just be tax and the accounting world!! Far from it we will offer insights into our world, lives and even maybe some cooking tips or favourite wines we have found...expect the unexpected.
We will be working out the functionality in the new few weeks and will have Facebook, Twitter integration all happening soon...should be fun, join us for the ride :)
- Category: Team SAS
Click on the link below and enjoy...
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