The humid heat of summer has well and truly arrived, and the heat is on in the stock market too, with volatility coming to the fore again.
What long term effect this will have on our economy and our portfolios is yet to be seen, but one thing that can be guaranteed – there will be any number of “experts” who will predict what is going to happen in 12 months time, with the number of different opinions probably outweighing the number of experts giving them!
How can you deal with this volatility, and maybe even take advantage of it?
Take stock of your current position and exposure, seek professional advice, and keep yourself informed so that you can make sure your strategy is working for you.
And if you’re running a business? Check out our free downloads, books, or contact us to find out more.
Your Roadmap To Business Success
Congratulations!
You are running your own business, or you are about to.
You are excited and enthused, but you soon find yourself:
Overwhelmed
Fatigued
Working all day, then working again at home late at night
You probably got into what you are doing because you are excellent at it, and have a passion for what you do.
Suddenly, as a business owner you now have (at least!) 10 new skills that you need to be an expert on….
…..9 of which you have been taught nothing about before….
…….and you have to know how to do them all now!
So how do business owners go about breaking this cycle and regain control of their business, and their life? Read more…..
Last Call Looming For Super Stream
The new SuperStream data standard for superannuation payments becomes mandatory on 1 July 2016, and requires that businesses report all contributions and payments electronically.
One of the easiest ways to meet the requirements for employers with 19 or fewer employees is to use the ATO’s Small Business Superannuation Clearing House.
The benefits of the Superannuation Clearing House include:
- Make one secure electronic transaction which distributes the contributions to the employee’s nominated fund
- Reduces time and paperwork that would normally be involved in paying to numerous super funds
- Employee details are stored securely in the clearing house, meaning only contribution amounts need to be entered
- Payments through the Clearing House meet the super guarantee obligations, as well as the new SuperStream data standard
If you employ more than 20 or more employees, then there are other options such as using the clearing house facilities of a public offer superannuation fund. e.g. Sunsuper, Colonial Super etc.
There may be fees payable depending on the number of employees that are members of that particular super fund, however it may still be more cost effective than using a different type of service for this purpose. If you need assistance to make sure you are compliant before 1 July 2016, please contact us at Value Beyond so we can ensure the right measures are put in place for your business.
For more information on the Superannuation Clearing House to determine whether it is right for you, visit the ATO website or contact us to discuss.