From 1st July 2017 a number of significant changes to the Australian superannuation laws will take effect. Among the changes are the Superannuation contribution caps and retirement phase (pension phase) accounts, as follows: • Reduction in the annual concessional contributions cap to $25,000 for the 2017- 18 year irrespective of age. The cap will increase each following year with indexation.
• Reduction in the annual non-concessional (after-tax) contributions cap from
Over the years, we have worked with clients that were hesitant to move from the old ways, such as writing cheques or paying suppliers electronically one at a time and numerous other manual tasks. Although these clients are comfortable with the level of control they have over their finances; their time is money and if they are doing these manual tasks they are not making the profits they are capable of attaining. We need to embrace the automated changes that are available to u
Transcend Accounting are proud supporters of local clubs and associations. We recently had the pleasure of working with the Allstars Netball Club in Wellington Point. The new Committee at Allstars were seeking to update their accounting processes and we were able to assist them with the installation and smooth transition of a new accounting system - XERO Accounting. For those not familiar with XERO, this online accounting software has fast become the system of choice for many