RSM Australia

SME insights

Single Touch Payroll reporting is coming - employers take note!

16 March 2018
Employers with 20 or more employees will need to change the way they report to the ATO from 1 July 2018.  Single Touch Payroll (“STP”) is a new reporting system the ATO has introduced. STP involves the reporting of payroll payments, PAYG and superannuation directly to the ATO for every pay run that is made.

The Power of Farmland in Superannuation

1 January 2018
Acquiring, farmland inside a Self Managed Superannuation Fund (SMSF) that can then be leased to a related party is popular strategies for farmers to help build their wealth for retirement. Make this a stress free transaction by considering the following issues: Arms-length transaction requirements

Going digital in my business? How do I do that?

4 December 2017
Finding a reliable IT advisor is, so they tell me, a bit like finding a good mechanic to look after your car. You can spend a lot of money working out you haven’t found the right person yet. 

One size does not fit all

29 November 2017
In my previous article, I discussed transferring the family farm to a child without paying stamp duty. The next important step is to seek professional advice as to the capital gains tax implications if the farm was transferred.

There are opportunities no matter what this harvest may deliver

16 November 2017
Bad years on the farm are hard to take, but there are often enormous opportunities for positive outcomes in the area of tax planning and succession planning that can be of huge benefit to the farm’s future.

Victorian farm stamp duty savings

30 October 2017
A significant part of any farm succession plan is planning for retirement. Given ever-increasing farm, living and education cost, most farming enterprises will only support one child and their family of the succeeding generation.

HR systems – the benefits for small businesses

3 October 2017
As a small or medium sized business, you might be thinking that implementing a HR system is unnecessary or irrelevant for your business. After all, HR systems are just for large corporations, only accessible by a limited number of HR and payroll administrators, and used to electronically store an endless number of personnel files, right?

Making disability services viable within an ‘NDIS world’

22 September 2017
Knowing ‘thy core mission’ is the key to surviving the transition to a NDIS environment.

Unlocking vital business information

20 September 2017
In a tough economic environment, small businesses may be forced to cut costs in order to remain viable.  A significant cost for many small businesses is labour, so this is an area commonly targeted. 

Estate planning and the impact of loan accounts

20 September 2017
The impact of loan accounts in business structures on your Estate planning can be far-reaching.

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