John Benson and the team at BSC Business Advisors are pleased to report that we will be attending the Logan Small Business Expo on July 13 as an exhibitor. If you have any questions about growing your business, legally minimising your payable tax, BAS, GST, CGT, STP, or any facet of running a successful business, please come and say hi!

Logan Business Expo. 13 July

Free Corporate Massage * Food Tastings from Logan Food Suppliers * Free Live Entertainment * Heaps of Prizes to WIN!

Participate in the BIGGEST Speed Networking Hour 2.30pm to 3.30pm hosted by the Beenleigh Yatala Chamber of Commerce

Heaps of Exclusive Expo Offers

Get hands on in the R6 Digital sponsored Tech Hub and grab new ideas for your business from the government INFO HUB * WIN a Holiday thanks to our Principal Partner Bartercard.

Bring your business cards & LETS GROW YOUR BUSINESS IN LOGAN!

600 Businesses in the business to business marketplace – Book an Exhibition Stand –
over 120 booked already- we even train you prior to the expo & provide lunch to exhibitors on the day.

YOU can’t beat that

Register for your FREE ticket
CALL NOW for an Exhibition Stand 0475 411 793 or

Facebook Event –

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Looking for a Tax Deduction before 30 June 2018?

If you are looking for a Tax Deduction before 30 June 2018, have you considered the new budget changes to superannuation?

The change allows employees to make a tax deductible (concessional) contribution to superannuation. Previously, this was done by salary sacrificing.

The cap for tax-deductible contributions is $25,000 per year and includes employers’ compulsory super payments. That means the max contribution you can make is $25,000 less the employers’ contribution.

Another change is the $540 tax offset for spouse contributions. Previously, the spouse had to earn below $10,800 to qualify for the benefit, but the new limit is $37,000.

Also remember the $500 co-contribution for people earning below $36,813 who make after-tax payments of $1,000 to their super still applies.

This is general advice so if you want to talk about your specific circumstances please contact John directly.

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Superannuation Amnesty Australia

There will be a superannuation amnesty in Australia – for companies that owe money to employees, the ATO have offered a new bill which will grant some help to those who are still behind in paying compulsory super.

Accountants Daily is reporting that the new bill will ‘complement’ the existing superannuation guarantee integrity passage. It will run from 24 May 2018 – 23 May 2019 – allowing companies which owe staff superannuation to pay the money back without any late payment fees or interest rates.

Paul Drum, the head of policy for CPA Australia, told Accountants Daily that he thinks the superannuation amnesty has been carefully planned to fit with the full implementation of Single Touch Payroll (STP) which will commence on July 1, 2018 for companies with 20 or more employees. STP will be mandatory for companies with 19 or less employees starting from July 1 2019.

Drum noted that although it might appear to be an altruistic measure, the government have a very specific plan in place to ensure STP and the SG are monitored closely – with this ostensible olive branch likely to make things very tough for those who are still behind when STP rolls out.

“It’s good and well to say, ‘oh it’s a great opportunity to tidy up’ but the sting in the tail,” said Mr Drum.

“When STP kicks in, the ATO are going to have real-time data and know who is behind in payments and the penalty is enormous for not paying on time so it’s really an olive branch and the calm before the potential storm if people don’t do something about it and get their SG payments in order.”

If you run a business and have any questions about the Superannuation amnesty in Australia, please feel free to give the friendly and experienced team at BSC Business Advisors a call on 07 3135 9420.
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