We would like to take this time to sincerely thank you all for your business in 2013. We look forward to a busy, productive and successful 2014 and wish you all a very happy and safe Christmas Holiday break.
“Superstream” – Important changes to Super Payments
1. All businesses with 20 or more employees MUST use an automatic/electronic super fund payment process within their payroll systems by July 1, 2014. i.e. 7 months time.
2. From July 1, 2015 ALL employers – even ‘one man bands’ need to use the same process.
It is advised that you contact your client manager or partner as soon as you can to find out how you can implement a system that works for your business. We are expecting a high demand for assistance with this change, so be sure to get in quickly!
An extract from a Market Update prepared by GWMAS trading as ThreeSixty appears below.
In local news, economic activity indicators remained subdued despite a solid uplift in business confidence, as confirmed in NAB’s September quarter Business survey.
NAB’s survey also highlighted the decrease in capital expenditure plans from the June quarter to September – even though confidence jumped. However, the lift in confidence has not yet translated into better investment plans.
Short term employment expectations also remain soft and are consistent with NAB’s view for rising unemployment over the next year.
While the Reserve Bank of Australia (RBA) minutes again confirmed the RBA has a soft easing bias (they’re prepared to do more but signalling nothing more for now), it’s hard to see the RBA cutting rates given improving confidence and house price gains. Unless there is a big shift in data over the coming weeks, it’s unlikely there will be any interest rate changes for the remainder of this year.
The information contained in this Market Update is current as at 08/11//2013 and is prepared by GWM Adviser Services Limited ABN 96 002 071749 trading as ThreeSixty, registered office 150-153 Miller Street North Sydney NSW 2060. This company is a member of the National group of companies. Any advice in this Market Update has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on any advice, consider whether it is appropriate to your objectives, financial situation and needs. Past performance is not a reliable indicator of future performance.
Welcome to a new team member
Bourke Group is pleased to welcome Bevan Roberts to the team! Bevan joins us with many years of experience in the Accounting Industry from PriceWaterhouseCoopers and will be assisting the Partners in client management, practice management and workflow.