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Author: Harris Black

Meet The Staff – Jessica Pegg

by Harris Black

Jess recently joined us as a receptionist, bringing with her a wealth of enthusiasm, warmth, and a passion for exceptional customer service. Let’s delve into Jess’s world and discover more about her unique qualities and experiences.

Given the chance to indulge in a day of leisure, Jess gravitates towards the tranquillity of a beach, seeking solace in the serene embrace of a spa for ultimate relaxation and self-care.

Jess’s culinary prowess shines through her love for homemade Butter Chicken, a dish that delights the senses with its rich, comforting flavours. From Spaghetti Bolognese to Cheesy Garlic Bread and Chocolate Pudding, Jess effortlessly creates culinary delights that reflect her passion for comforting cuisine. Looking ahead, Jess eagerly anticipates celebrating her stepsister’s 18th birthday with a memorable dinner and drinks.

Amidst the ever-changing landscape of fashion, Jess holds a nostalgic fondness for the return of boot-cut jeans, evoking simpler times in fashion’s history. Yet, amidst life’s bustling routines, Jess relies on her trusty phone to stay connected and organized throughout the day.

Contemplating superpowers, Jess envisions the ability to read minds, drawn both to its practical applications and the occasional playful prank. If fortune were to smile upon her with a million dollars, Jess’s first move would be to embark on a dream holiday to witness the northern lights, while also investing in a beachside home.

Welcome to Harris Black, Jess. We are elated to have you as part of our team!

Important Tax Dates

by Harris Black

15 May 2024

  • Lodge 2023 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups) and are not eligible for the 5 June concession.
  • Due date for companies and super funds to pay if required.

21 May 2024

  • Lodge and pay April 2024 monthly business activity statement.

26 May 2024

  • Lodge and pay eligible quarter 3, 2023–24 activity statements if you or your client have elected to receive and lodge electronically.

28 May 2024

  • Lodge and pay quarter 3, 2023–24 Superannuation guarantee charge statement if the employer did not pay enough contributions on time.

2024 FBT Year – Ends 31 March 2024

by Harris Black

This is a timely reminder to capture Odometer Readings at 31 March 2024 for any motor vehicles that are under the Operating Cost method for Fringe Benefits Tax (FBT).

In relation to the Operating Cost method, the ATO have updated their guidance to clarify that the Operating Cost method can be used to calculate the car fringe benefit even without a logbook, or if the logbook is invalid.

In this situation the business use percentage will default to nil however this may still result in a lower FBT liability than the statutory formula method.

We will be sending out FBT Questionnaires to clients shortly and we will provide more FBT updates in our next newsletter.

The Bike Of Life

by Harris Black

Having a balanced life is not about being perfect in all areas. It is about ensuring that any emphasis that may be put into one or more areas of your life is not causing an in-balance and issues in other areas.

The Bike Of Life is a great little self-assessment to ascertain where your energy is going and where more attention can be directed.

To further assist you, please click Begin Life Balance Diagnostic button below and answer 25 questions (it should only take you 5 minutes) to identify from 6 factors the top 3 areas that are working well and top 3 areas you need to work on to improve your personal Life Balance. You will also have the ability to see how you compare to the global benchmark (average scores of all completed diagnostics) on each of the 6 factors.

Register Your Interest: Harris Black Business Leaders Forum

by Harris Black

2024 will be a year of exciting opportunities for most business leaders. Not only is it an opportunity to ‘reset’ strategies, but also to look at how to boost business value, grab emerging opportunities and scale up by doing more with less. This is often easier said than done especially in the unpredictable and at times very challenging current market.

Discover emerging trends all leaders need to understand for higher performance.  Challenge your plans with experienced peers.

Register your interest by clicking the button below.

Workshop Details:

Date: 31 May 2024
Time: 7:45am
Venue: Harris Black Office – Level 16 333 Ann Street Brisbane QLD 4000

Superannuation Contributions Caps To Be Increased In July

by Harris Black

Effective 1 July 2024, the contribution caps for superannuation will increase as follows:

  • the concessional contributions cap will increase from $27,500 to $30,000; and
  • the non-concessional contributions (NCC) cap will increase from $110,000 to $120,000.

Accordingly, the maximum available under the non-concessional contribution bring forward provisions will increase from $330,000 to $360,000 (unless they have already been triggered by 30 June 2024).

The $1.9m Total Super Balance (TSB) limit has not changed, but lower sub-limits will apply as they are based on the contribution limit.

The following tables indicate the change:

To 30 June 2024

From 1 July 2024

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