Trauma Insurance: a small outlay for a lot of peace of mind

Trauma Insurance: a small outlay for a lot of peace of mind

Trauma insurance is often labelled the middle child of the personal insurance family. It’s overshadowed by its better-known siblings but it’s a quiet achiever that will do the heavy lifting when the circumstances require it.

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PrimeAdvisory 2016 Federal Budget Review

PrimeAdvisory 2016 Federal Budget Review

The Federal Treasurer Scott Morrison has handed down the Budget for the 2016/17 year.

This budget includes many initiatives to stimulate the economy and establish a 10 year economic plan that will transition Australia from a mining led economy to a stronger, more diversified economy encouraging innovation and job growth. Read More

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Economic Snapshot – Sept-Oct 2015

Economic Snapshot – Sept-Oct 2015

September – October 2015 In summary
September was another difficult month for the global financial markets as calendar year 2015 reflects an eerie resemblance to 2014 with a strong first quarter, falling away towards the latter part of the year. A combination of concerns about a slowing world economy (connected to China) and uncertainty
about what the US Federal Reserve will do with interest rates drove a general sell-off in risk assets. These two issues appear to be dominating sentiment. However in pragmatic terms, economists continue to argue that the macro environment of the world’s economies is relatively healthy – But in terms of sentiment, markets are extremely sensitive to perceived bad news and they are not linked to economic output.
Financial markets were already nervous after August’s very poor performance and although data in September showing further improvement in the US household sector, other figures showing a slower pace of employment growth and manufacturing activity con tributed to underlying concern about the
US economy heading towards recession. Soft data about the Chinese manufacturing sector added to these fears even though there was more positive news from other parts of the economy.
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SuperStream

SuperStream

Are you Compliant? 30 June Deadlines-Act NOW!
MySuper reforms have been introduced and we are now moving to the next phase of the Australian Government’s Stronger Super reforms, designed to strengthen our Superannuation industry, known as “SuperStream”. SuperStream represents the streamlining and standardisation of superannuation contributions made by employers. Employers and super funds will transition to sending and receiving super contributions electronically (eCommerce) in accordance with a consistent regulated Superannuation Data and Payment Standard (the Standard). The goal is to improve the efficiency of the superannuation system and improve the timeliness of processing contributions.
NOW is the time to take stock and plan

Your Obligations

For employers of 20 or more employees, transitions to SuperStream have occurred over the 2015 financial year. If you are an employers with 19 or fewer employees you will need to transition to an electronic means of making super contributions and member updates, which comply with the Standard, between 1 July 2015 and 30 June 2016.
If you are a business client using Xero or have an SMSF on Class, you may already find you are compliant.
For all employers, complying with the Superannuation Data and Payment Standard may mean providing your default and/or choice superannuation fund/s with additional information about your employees.
Need assistance? PrimeAccounting are here to discuss options.for your transistion to SuperStream. Call us now or email michelle@tpag.com.au for more details.
Click on the links below for more information regards SuperStream and registering with the ATO via their Small Business Superannuation Clearing House.

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XERO Payroll

XERO Payroll

Are you prepared for the end of financial year?

The end of financial year is a busy time for payroll so it’s time to get on top of your Payroll NOW. If you are using Xero payroll take a look at the Xero tips below to keep your sanity this end of financial year.

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