Entries by synecticgroup

Are you ready for Single Touch Payroll?

Single Touch Payroll (STP) changes the way employers report payroll information to the Australian Taxation Office (ATO), and it is mandatory from 1 July 2018 for employers with 20 or more employees. So … you might be wondering: ‘What is Single Touch Payroll?’; ‘How do I get ready?’. And they are great questions!

What Labor’s changes to the dividend imputation system mean

There has been much discussion about the dividend imputation system in recent weeks as the government and the opposition play political tennis with franking credits. On 13th March, Opposition Leader Bill Shorten announced Labor’s plan to change the dividend imputation system if they win the next federal election. The changes would make franking credits non-refundable […]

Are you taking data security seriously?

You’ve heard it all before: change your passwords, make them difficult to guess … blah, blah, blah. But it’s well past the time for us all to take data security seriously. Cyber criminals are targeting Tasmanians and their businesses of all types and sizes. If you’re not looking after your and your customers’ data you could […]

2017 Business Excellence Awards Finalists

We’re proud to be finalists in the Launceston Chamber of Commerce 2017 Business Excellence Awards, Professional Services category. A big “thank you” to all our staff and clients who continue to embrace our culture of innovation, best practices and meaningful advice.

Welcome Matthew McConnell, Senior Financial Adviser

We are thrilled to welcome another highly skilled adviser to our team! Matthew McConnell joins us as a Senior Financial Adviser. Based in our Devonport office, he will provide financial planning services to our clients throughout Tasmania. “I am looking forward to helping Synectic’s clients identify and achieve their personal, family and business goals. It’s important to me that […]

2017-18 Federal Budget: Economic outlook, infrastructure and development

The 2017-18 Federal Budget delivers an overall optimistic economic and fiscal outlook for Australia. After a 2016-17 budget deficit of $37.6bn, the deficit for 2017-18 is forecast to be down to $29.4 billion. Following that comes a projected surplus in 2020-21 of $7.4bn. The Budget also anticipates an economic rebound, with growth at 3.0% from […]