Exciting News – Nikki White

We are pleased to announce the promotion of Nikki White from Senior Manager to the position of Principal.

Nikki has almost 25 years experience in accounting and taxation, superannuation and business advisory. Nikki began working at Harris Black in 1998. After working for several years and becoming a member of the Chartered Accountants Australia and New Zealand, she left in 2001 to work in London for a year. Her experience in London included working with Credit Suisse First Boston. On returning to Australia, she worked briefly in Commerce prior to starting a family and again returning to Harris Black as a Manager.

Nikki has continued to work at Harris Black and has enjoyed maintaining great relationships with her clients. Nikki has worked with many Harris Black clients for over 20 years, and has a particular passion for working directly with them to ensure they achieve their short and long term goals.

She holds a Bachelor of Business (Accounting) QUT and is a member of the Chartered Accountants Australia and New Zealand. She completed a Diploma of Advanced Tax through the Tax Institute of Australia in 2012.

Outside of work, Nikki enjoys spending time with her husband and 3 active children and training and competing in triathlons.

Important Tax Dates

21 October 2019
• Lodge and pay quarter 1, 2019–20 PAYG instalment activity statement for head companies of consolidated groups.
• Lodge and pay September 2019 monthly business activity statement.

28 October 2019
• Lodge and pay quarter 1, 2019–20 activity statement if lodging by paper. Pay quarter 1, 2019–20 instalment notice (form R, S, or T). Lodge the notice only if you vary the instalment amount.
• Make super guarantee contributions for quarter 1, 2019–20 to funds by this date.

31 October 2019
• Lodge tax returns for all entities if one or more prior year returns were outstanding as at 30 June 2019.

21 November 2019
• Lodge and pay October 2019 monthly business activity statement.

25 November 2019
• Lodge and pay quarter 1, 2019–20 activity statement if you lodge electronically.

CAANZ Achiever Programme 2019

As part of our commitment to Chartered Accountants Australia and New Zealand (CAANZ), Harris Black is proud to be involved in the CAANZ Achievers Programme. Organised yearly by CAANZ, the programme is designed to give Chartered Accountancy firms such as Harris Black access to some of the most exceptional graduates for employment consideration.

Successful graduates are offered paid work experience placement by firms such as Harris Black. The placement generally lasts for 3 weeks and gives university students valuable insight into the accounting and business advisory profession.

Photo: CAANZ Employment Evening 2019 | 13 March 2019 | Mercure Hotel Brisbane

ATO Watching For Undisclosed Foreign Income

The ATO has reminded Australians who receive any foreign income from investments, family members or working overseas to make sure they have reported it this tax time.

New international data-sharing agreements allow the ATO to track money across borders and identify people who aren’t meeting their obligations. Under the new Common Reporting Standard (CRS), the ATO has shared data on financial account information with over 65 tax jurisdictions across the globe. This includes information on account holders, balances, interest and dividend payments, proceeds from the sale of assets, and other income.

Fund Status Will Change If SMSF Annual Returns Are Late

From 1 October 2019, if an SMSF is more than two weeks overdue on any annual return lodgement due date and hasn’t requested a lodgement deferral, the ATO will change their status on Super Fund Lookup to ‘Regulation details removed’.

Having a status of ‘Regulation details removed’ means APRA funds won’t roll over any member benefits to the SMSF and employers won’t make any super guarantee (SG) contribution payments for members of the SMSF.

Warning To Watch Out For MyGov And ATO Tax Scams

In June 2019, the ATO received 6,444 reports of tax-time scams impersonating the ATO. Emails with links to fake myGov login pages were the most widespread email scam.

The myGov system will never send texts, emails or attachments with links or web addresses that ask for your login or personal details. Never click on links in emails or text messages claiming to be from myGov.

Always log into your official myGov account to lodge your return and check if you owe a debt or are due a refund. You can do this by typing into your internet browser’s address bar.

Unfortunately, ATO and other scams continue well beyond the 30 October deadline for tax returns, as scammers know many people are waiting for a refund or information about debts. It’s important to watch out for scams throughout the year.

How can we help you?

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