CVA News – January 2016

Clear Vision • January 20, 2016

 

2016 –Happy New Year 2016The Year of Change!

Exciting Dreams
New Achievements
Fresh Commitment
Forget the Failures
Correct the Mistakes

 

Wishing everyone a year of good health, wonderful surprises and prosperity for the year to come.

We look forward to helping you make 2016 the best year yet!

Gossip…

It was a pretty quiet Christmas and New Year this year for Justin and the CVA team. Justin had Xmas at home and then travelled to Bargara Beach to spend some quality time without phones and emails and has returned fresh as a daisy ready to take on the ATO! Paul had Christmas in Toowoomba and was Father Christmas for the big day – pictured with his kids and nieces.
Mel celebrated Christmas in Brisbane with her husband and family. We celebrated Mel’s birthday here with some cheese and crackers on the 5th Jan – anyone hoping to get into Mel’s good books – she loves cheese and olives!

Teneille spent Christmas celebrating with some Xmas cocktails, and then travelled to Boondooma Dam for some water skiing and camping with her family. She has returned with a tan and some sore muscles!
Nicole had Christmas in Toowoomba with her family but managed to let her hair down and light up for New Years Eve!

Lifeline Presentation

Justin presented our Back To School voucher to Derek, CEO of Lifeline and Pam, Intervention Case Worker of Lifeline. We raised $600 with the help of our amazing clients and the team here at CVA.  This is enough to completely fund the chosen local family’s back to school supplies which is a great start to the kids schooling year. We would like to say a HUGE thank you to all our very generous clients who assisted us with our fundraising. Donation receipts will be coming soon to all who donated.
2016 will bring a new fundraising effort for the CVA team. If you have any good ideas for a charity we should support this year email Nicole on Nicole@cvaccountancy.com.au, we would love your input!

Guvera Update

Guvera has had its best 6-12 months without question. The company has grown from 1M to 15M+ registered members. And more importantly about 30 Key Brands have signed on globally in the last 6 months. Revenues have hit over $1M QTR and have set a base for much stronger growth in 2016.

The target is for 300-500 Brands by this time next year and the Guvera Sales team will map out exact plans for this at the next AMMA accountants conference. As a result of the Member Growth & Brand Engagement Growth, Guvera is now well positioned for IPO. The IPO is on track for early 2016 as previously advised.

There is some work to do be done pre IPO both re capital & mostly just due diligence, governance and investment committee & broker work. All is progressing well and we are looking forward to both a successful IPO to start 2016, and more importantly a big 2016 for Guvera re Brands & Members.

If you want more information on Guvera contact Justin on 07 4688 2500.

Global Business Camp on the Gold Coast
Global Business Camps specifically specialise in small to medium enterprises in growing their business whilst creating a lifestyle for their owners.
Some of the topics covered are:
• How to make our business work better than the competitors
• How to make the team more productive
• How to offer better service than anyone else
• How to keep track of everything without “burning out”.
• How to improve profits, lifestyle, and realise the value of the business as an asset
If any of this resonates with you contact Justin today for more information on 07 4688 2500. The 2016 camp will be held at the QT Gold Coast – what a perfect opportunity to have a couple of days at Surfers Paradise whilst gaining the skills to grow your business!

Payday Super is Coming - 1 July 2026

By Caroline Gillies • March 1, 2026
From 1 July 2026, the Federal Government will introduce one of the most significant changes to superannuation administration in recent years: “Payday Super.” These reforms fundamentally shift how and when employers meet their Superannuation Guarantee (SG) obligations. What’s Changing? Under the new rules, SG contributions must be paid at the same time as salary and wages and received by the employee’s super fund within seven business days of payday. This replaces the current quarterly payment system. The changes apply to all eligible employees, including those captured under the expanded definition of “employee,” and extend to salary sacrifice amounts and other qualifying earnings (QE). Employers will calculate SG at the legislated 12% rate on QE, which includes ordinary time earnings and relevant additional payments. Contributions remain subject to the Maximum Contribution Base, limiting employer liability to approximately $30,000 per employee per financial year. Employers will also be required to report QE and SG liabilities through Single Touch Payroll (STP), enabling the ATO to monitor compliance more closely and identify underpayments earlier. Operational Impact for Employers The shift to payday reporting and payment means payroll systems must be updated to calculate, process, and remit super contributions each pay cycle. Businesses will need to ensure their software can manage QE calculations and facilitate timely electronic payments to super funds. Cash flow management will also require attention, particularly for small businesses accustomed to quarterly payments. Super will become a real-time obligation rather than a periodic liability. Importantly, failure to meet the new deadlines will trigger the revised Superannuation Guarantee Charge (SGC), including penalties and interest. While late contributions and SGC amounts remain tax deductible, interest and penalties do not. Employers currently using the Small Business Superannuation Clearing House must transition to alternative payment solutions before its closure on 30 June 2026. Preparing Now Although implementation begins in 2026, early preparation is essential. Reviewing payroll systems, assessing cash flow impact, and updating internal processes will help ensure a smooth transition and minimise compliance risk. Payday Super represents a move toward greater transparency and timeliness, but it also demands proactive planning from employers. If you would like assistance preparing your business for Payday Super, our team at Clear Vision Accountancy Group is here to help. Please contact us on 4688 2500 to discuss how we can support your transition and ensure you remain compliant. We drew inspiration for this article from the ATO

Don’t be on the ATO’s naughty list in 2026

By Caroline Gillies • December 11, 2025
The ATO is cracking down on people who claim too many tax deductions for properties that they use both personally and as rentals — especially holiday homes. A new draft ruling says that if you use a property for both personal use and renting it out, you must split (apportion) the expenses in a fair and reasonable way. You can only claim deductions for the portion of time or space used to earn rental income. If the ATO thinks your property is really a holiday home — for example, you block out peak times for your own use and only rent it occasionally — they can classify it as a “leisure facility.” If that happens, you cannot claim big expenses like mortgage interest, council rates, land tax or maintenance. You’ll only be allowed to claim small costs like cleaning, advertising and platform/agent fees. The ATO says many owners of holiday homes have been claiming too much by showing “rental losses” every year. They are now looking more closely at cases where the owner keeps the property unavailable for rent during busy periods.  How do I stay off the ATO naughty list? If you mix personal use with rental use, be careful. Only claim the rental part of your expenses, or the ATO may deny most of your deductions.

ATO Small Business Superannuation Clearing House (SBSCH) Closure

By Caroline Gillies • October 17, 2025
From 1 October 2025, the Australian Taxation Office (ATO) officially closed the Small Business Superannuation Clearing House (SBSCH) to new users. Thanks to the efficiencies of Xero, this change does not impact Xero clients, as Xero includes its own built-in auto-super functionality. This means employers can make superannuation payments directly through Xero—without needing to access the ATO’s separate clearing house service. Key Dates and Details No new users: From 1 October 2025, the SBSCH stopped accepting new registrations. Full closure: The SBSCH will be fully decommissioned on 1 July 2026. Existing users: Businesses currently using the SBSCH can continue until 30 June 2026 but are encouraged to transition to an alternative solution before this date. At Clear Vision Accountancy Group, we highly recommend Xero as an efficient, streamlined, and ATO-compliant payroll and superannuation solution. If you’d like to discuss transitioning your business to Xero, call our team today on (07) 4688 2500 — we’re happy to help.