Your Knowledge – March 2019

Read and download the full PDF here:Your Knowledge March 2019.PDF

What’s Inside Your Knowledge for March 2019

Pages 1 and 2Single touch payroll extended to all employers.Under 20 employees? What you need to do.Employers with poor super guarantee payment history outed.

Page 2 Quote of the month

PAGES 3, 4 and 5Legislation in limboExtension of the $20k instant asset write-off.Removing the CGT main residence exemption for non-residents.Employer Superannuation Guarantee amnesty.SMSF membership limit changes.Superannuation guarantee and salary sacrifice.Craft beer excise changes.Future Drought Fund.Curbing payday loans and rent-to-buy schemes.

Page 5Benefits during emergencies exempt from FBTIf your business assists employees during an emergency, for example floods, bushfires etc., then fringe benefits tax is unlikely to apply to the assistance you provide.

Page 6 International Women’s Day: Has Anything changed?Women and girls make up just over half (50.7%) of the Australian population. While women comprise roughly 47% of all employees in Australia, they take home on average $251.20 less than men each week (full-time adult ordinary earnings). The national gender “pay gap” is 15.3% and it has remained stuck between 15% and 19% for the past two decades.

McSweeney CA can give you the peace of mind to focus on building and growing your business while avoiding issues with your business. We give advice on strategic planning that is essential to the effective structuring of both your business and personal affairs, enabling you to implement growth strategies, taxation planning, asset protection and wealth management.