August is here, and we're officially well over halfway through 2018. Make sure to revisit your goals for this year and ensure you're on track!
A focal point for Aintree Group in 2018 has been data security. In this newsletter we're running through the European General Data Protection Regulation (GDPR) - which is applicable to any business that holds personal information about a European citizen. If you have any connection to Europe (including the UK), please read the details in the newsletter below very carefully!
In the interest of best practice, we've introduced new policies to comply with these laws, including consent to store data. As your tax agent, it is implied in our initial engagement that you consent to Aintree Group collecting and storing personal details. If you choose to revoke that consent, please get in touch with our office by 15 August 2018.
In this newsletter:
- EU Data Protection laws.
- Aged Care Seminar - Wednesday 22 August.
- ATO "myDeductions" tool.
- Recommended reading.
- Support Jeans for Genes Day with us!
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Key Dates 2018:
01 August - August fuel tax credit rates change.
03 August - Jeans for Genes Day.
14 August - PAYG Withholding Annual Report due.
20 August - Plant: Grow: Reap Session.
21 August - July monthly Business Activity Statement due.
22 August - Aged Care Seminar.
28 August - Taxable payments annual report due.
28 August - June quarter Super Guarantee charge statement due.
EU Data Protection Laws - What you need to know!
The General Data Protection Regulation (GDPR) requires businesses to protect the personal data and privacy of European citizens. It applies to any business or organisation that stores any personal information that relates to a person located within the EU.
Personal information can include a person’s name, phone number, email address, identification number, online identifier, and location data.
Organisations which do not comply with new data protection laws in the EU and Australia can face tough penalties.
Investigate the data that you currently store. Identify data that relates to any person located within the EU, where the data is held, how
it's processed and who may access it. This information should be thoroughly documented.
You should maintain specific and auditable records of all consent obtained from all your contacts with a connection to the EU.
If you are an Aintree Group client or subscriber, and you hold a European citizenship (UK included), please complete this consent form and return it to our office as soon as possible to ensure we are complying with the GDPR consent laws.
Read more about the GDPR on our website.
Aged Care Seminar
We're very pleased to announce we'll once again be hosting Jayne from Millennium Aged Care Consultants to come and share her expertise at a free Aged Care information seminar for our clients and community.
Those who attended this seminar in March found it extremely helpful. Having an industry expert explain the ins and outs of the complex Aged Care system in Australia highlighted the importance of research and early planning.
Click here to RSVP and secure your place!
Click here to read about our previous Aged Care Seminar.
For those who love cloud-based tools for their business, there is the myDeductions feature on the ATO App.
The tool allows you to use your phone to capture and record a range of work-related and general expenses, vehicle trips and photos of invoices and receipts.
Sole traders can also use the tool to record business income and expenses
More details are available on the ATO website.
You can also access the ATO App directly from our own Aintree Group app!
Beware of phone spoofing .
"Phone Spoofing" is when someone disguises the number they are calling or texting from by changing their caller ID.
Phone scammers around the world have started to use it to hijack or imitate phone numbers. Read more...
The best ways to manage cash flow.
Cash flow is the lifeblood of your business. Here are the key steps to take to ensure you're managing it effectively. Read More…
When can you access your super?
The cash sitting in your superannuation fund can be tempting. But, in reality there are very few ways you can take advantage of your superannuation once it has been contributed to the fund. Read More…
Support Jeans for Genes Day with us!
Friday 3 August is Jeans for Genes Day, and we're all wearing denim to the office to support Jeans for Genes Australia and the Children's Medical Research Institute.
If you'd like to join in and contribute - no matter where you are, you can make a donation on our fundraiser page here.
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