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 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 well […]

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 […]

Farm Management Deposit (FMD) scheme changes: What they mean for Tasmanian farmers

The Farm Management Deposit (FMD) scheme allows farmers to set aside primary production income in years of high income, to draw on in leaner years. The deposits are an excellent cash flow planning tool and an important strategy for primary producers to consider in their tax planning. They help farmers build up cash reserves while smoothing […]

3 Tips to Update Your Business Plan for the New Year

What’s your New Year’s Resolution: “stay fit”, “stress less”, “save more”? The New Year is a welcome opportunity for some personal reflection and goal setting, but are you making any resolutions to help make your business better than ever? January is a great time to consider your business goals and to plan what you’d like […]