Superannuation choice rules will change from 1 November

You’ll have an extra step to take if you have new employees starting after 1 November 2021 and they don’t provide you details of their chosen superannuation fund. You will now need to request their ‘stapled super fund’ details from the ATO. A stapled superannuation fund is an existing superannuation account of an employee that … Continued

Mandatory Director ID numbers are coming

As part of the Federal Government’s digitalisation strategy, all Directors will be required to acquire a Director Identification Number (DIN) by 30/11/2022.    To obtain a Director ID you will need to verify your identity by supplying a number of official identity documents.  Your Director ID will stay with you for your lifetime, similar to a TFN.  The intent of the new rules is … Continued

SUPER NEWS – New legislation passed the Senate

SMSF – limit of number of members increased from 4 to 6  This week saw the long awaited Bill passed through the senate giving the green light for SMSF’s to increase their member numbers from 4 to 6. Here’s our brief overview and the pro’s and con’s of this change: It’s important to think carefully before family members decide to pool their super resources together in … Continued

Does your business pay wages?

If you answered yes, you should complete a wage reconciliation at the end of each financial year.  It is important this is done prior to lodging your Single Touch Payroll (STP) finalisation with the ATO (or issuing your employee PAYG Payment Summaries if you have not yet opted into STP) Why is a Wage Reconciliation Important?   A wage reconciliation confirms that the figures you’ve reported to the ATO, via your … Continued

Budget 2021-22 highlight reel

Business  Temporary Full Expensing of Asset Purchases  All businesses can claim a full deduction for the cost of any NEW assets purchased prior to 30 June 2023.  For businesses with aggregated turnover of less than $50 million this also applies to second-hand assets.  The deduction is available for the year the asset is installed / … Continued

Grow your business with Atticus Accounting

New Small Business Grants for Queensland

The Queensland Government has announced three new small business grants programs worth $25 million over two years.   * Business Basics grants of up to $5,000 each support new and emerging businesses to increase core capabilities and adopt current best practice. Applications to open on May 31, 2021.   * Business Boost grants of up … Continued

Atticus Turns 5!

March 21 marked our official 5th birthday. The team celebrated on the Muller Bros rooftop with an amazing birthday cake from ParisiAnn Patisserie and balloons from Balloon Designs. We had a great night and happily recommend all three local businesses if you’ve got a celbration of your own to organise. Don’t forget to invite us!

About Atticus Business Accountants

The end of JobKeeper and JobSeeker Supplement – What Now? 

JobKeeper Extension No. 2 and the JobSeeker Supplement have now come to an end. Hopefully this funding has helped keep you in a position to take advantage of the recovery the economy is likely to see. For those that weren’t eligible, or those that still need support, we’ve created a list of sources who may be able to assist you further. Support for … Continued


31 March Lodge tax return for companies and super funds with total income of more than $2 million in the latest year lodged (excluding large/medium taxpayers), unless the return was due earlier. Payment for companies and super funds in this category is also due by this date. Lodge tax return for the head company of a … Continued

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If you need help getting started on our client portal you can view an easy to follow guide here. There’s a link to the client portal login at the bottom of each page of our website and if you get stuck you can always call us on 07 4642 5800.

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