Superannuation

November 25, 2021

On 1 September 1951, Don Roberts and Keith Crichton took over as principals of a small local Armidale Firm called HG Uther & Co, renaming it Crichton Roberts & Co. Jack Morrow was then admitted as a partner in...

November 24, 2021

All Company Directors will need to have a Director ID, which is a unique identifier that is kept forever, by 1 November 2022 at the latest. Director ID’s are being implemented to allow the government to verify and track an...

November 24, 2021

All Roberts & Morrow offices will be closed from close of business 23 December 2021, reopening as normal 10 January 2022. If there is anything you need to discuss with your accountant or if you have any documents to...

November 23, 2021

Over the next four weeks starting 25th November onwards, MYOB products will be undergoing upgrades to transition to the New Essentials platform.  This upgrade includes features such as Connected Ledger, Connected ledger payroll, Essentials Accounting Starter, Essentials Accounting, Essentials Accounting...

September 29, 2021

Last updated 23 September, 2021 Clients, please be aware all MYOB products are currently incompatible with the soon to be released Microsoft Windows Server 2022, Windows 11 and Office 2021 software. If you run MYOB products on your computer and...

September 24, 2021

Congratulations to Katie Kelly having returned from the Tokyo Paralympics in August, 2021, coming in at an impressive 6th place! Katie is a client of R&M, Paralympic Gold Medallist (Rio de Jeneiro 2016), 2 x times World Champion, and...

September 19, 2021

17 September 2021 Employers beware, from 1 November 2021, if you’re hiring new employees, there may be an extra step involved in determining which super fund employee contributions need to be paid into. Currently, when a new employee starts a...

September 3, 2021

27 August 2021 Individuals who exceed the high income threshold of $250,000 may be subject to Div 293 tax on their concessional super contributions. In effect, this tax means the effective contributions tax on concessional contributions doubles from 15% to...

September 3, 2021

3 September 2021 2021 marks the beginning of annual APRA performance tests on MySuper products. The requirement was introduced as part of the government’s Your Future, Your Super reforms and is aimed at holding funds to account for underperformance and...