Important News for You
June Workshop Resources Webpage
Thanks to all who attended our June End of year Workshops this year. We had 503 people attending in 6 locations: Melbourne, Brisbane, Adelaide, Perth and Sydney were run by ICB staff, Newcastle was presented by local network meeting facilitator Jo Threlfo for the first time, and we thank her for her efforts to provide the workshop to her local ICB Members.
We had great interaction and questions from attendees. Questions and answers from the workshops have been posted here.
We have now released the resources and references used in the June workshop, you will find these resources here. These are member only resources - click here to upgrade your membership for full access to all ICB resources.
Please complete the survey that has by now been emailed to you by 30 June - this gives us valuable feedback and helps us plan for next year.
The June 2016 End of Year Workshop manual is available for Members ($55.00 including GST) and Non-Members ($110.00 including GST) to purchase, stock is limited so click here to secure your copy.
Also a reminder that ICB is running various End of Year technical webinars which, we will make available to Members.
Upcoming End of Year webinars:
Recently run End of Year webinars (which are available for you do download or stream on the ICB website):
SuperStream Delayed till October
SuperStream compliance deadline has been deferred until 28 October 2016. Which actually means January 2017 for most SMEs.
We Are Asking Why?
Our community has been working hard to get their clients to comply. You have incurred time and cost and system upgrades to bring your businesses to be compliant by the advertised date. Now the businesses are seeing the deferral and you are already asking, "Why should we do these system changes to employer at cost to the employers only to have the requirement turned off / delayed".
We have expressed that the next time the ATO sets a deadline you are going to have less enthusiasm and takeup.
What Does it Mean?
We read this to mean that SGC payments can be made by whatever means people like for both the June quarter and also the September quarter where the payments are due by 28 July and 28 October respectively.
So in reality nobody needs to be using a SuperStream compliant gateway until January 2017 when they are making the payment for December 2016 quarter. For monthly payers it will mean your October SGC payments being made in November would need to use a SuperStream gateway.
ICB strongly recommend that the correct implementation of a SuperStream solution now absolutely makes sense.
The use of appropriate payroll software that has embedded SuperStream payment and message solutions is efficient and should be implemented ASAP. Not because of the deadline not because of compliance, but because it is a far more efficient and cost effective way for employers to meet their SGC payment obligations.
TPB Chases Unregistered BAS Service Providers
The TPB has already commenced pursuing unregistered agents. They have made a list of 134 suspect unregistered BAS service providers based on:
They have targeted areas where the most complaints have come from. This is only the tip of the iceberg. These sources are what they are using to trial their approach.
The TPB reviewed over 1,000 bookkeepers to find their suspect list and they will be taking action to modify the bookkeepers' behavior or take them to court if justified. The TPB located anybody advertising BAS preparation type work and checked whether they were registered. If not they will be contacted.
All in all we were pretty impressed that they had taken such positive action. Further outcomes from the conversation will be posted shortly.
Unregistered BAS Providers Cannot Advertise
Unregistered BAS service providers who are acting under "supervision" in any form cannot advertise that they can provide BAS services according to our discussion with the TPB.
The TPB does not accept loose comments like "reviewed by a registered agent", or even "supervised by a registered BAS agent".
In order for a bookkeeper who is not yet registered to get those hours and advertise their services, the actual supervising agent would have to be named, according to the TPB chairman Ian Taylor. For example, something like "BAS services are provided by ABC Bookkeeping, BAS Agent number 1234567". In this case, the supervising agent would have to consent to their name being quoted in the ad.
So there in no "P" plate system and no exceptions for being supervised. Only a registered agent can advertise BAS services; if a bookkeeper is not yet registered they cannot advertise BAS services under their own name.
Note: I do think it is acceptable to advertise that you are supervised and am pleased that the TPB agrees with our view that the supervisor has to be specifically named.
Minimum Wage Increase From 1 July 2016
Annual Wage Review - Get Set for a 2.4% Wage Increase
The Fair Work Commission has announced a 2.4% increase to minimum wages. The increase will apply from the first full pay period starting on or after 1 July 2016.
What Do I Need to Do?
Nothing for now. FairWork are working on updating their pay tools with the new pay rates. It usually takes the Commission 2-3 weeks to update the pay rates in each award.
Who Does the Increase Apply to?
The increase only applies to employees that get their pay rates from the national minimum wage, a modern award or in some cases a registered agreement.
The new national minimum wage will be $672.70 per week or $17.70 per hour. The national minimum wage applies to employees who aren’t covered by an award or agreement.
Most employees are covered by an award. Award rates will increase by 2.4%. If you’re not sure which award applies to you, check our list of awards.
Already Have Pay Rates Saved in My Account?
If you’ve saved an award, calculation or pay guide into My account in FairWork, they will automatically be updated once the new rates are available. FairWork will send you an email notifying you when this happens.
They’ve also introduced new features in My account to help you find what you need, when you need it. To access the new features, you’ll need a complete My account profile. Complete or update your profile now.
The wage increase takes effect from the first full pay run after 1 July 2016.
Example: If employees are paid on the 5th of July for the pay week 27 June to 3 July, this would be at the old rate. The new rate would apply from the pay run that starts on 4th July.
Scam Emails from the Boss
The next wave of scams are emails that pretend to be from the client or the boss. They demand payment of an account immediately.
You must get specific authority from the person checking the payment. If you do that by email don't reply to the request, it will probably go to the scammers email, create a new email.
If you think it sounds strange or feels wrong, ring them as well and just check. If the payment is out of cycle or a new supplier etc etc then you should check.
If the email demands you just pay it and you will get authority later then it should be smelling bad!
Source: IT News article
An ICB member was caught with exactly this scenario this year. Email from the boss demanded prompt payment. It felt strange!
Best Practice Bookkeeping
Legal PDF of the TFN Declaration Form
ATO Releases a New PDF Version of the TFN Declaration
Your business client informs you they have a new employee and it is payday and there are no TFN declarations to be found.
Instead, you can download the new smart PDF version of the TFN declaration form.
But Not Quite Digital Yet
It is a great logical step forward, however, based on the current rules, you will still need to print it out, obtain ink (wet) signatures of the employee and the employer and then mail it (yes remember that non-digital solution) to the ATO.
Also you still need to keep this paper copy in the employer’s records.
ICB believe these latter steps are ridiculous and we have called on the ATO to be consistent. Digital First is their stated policy therefore they must:
Thank you ATO we are very pleased to have the PDF, but now give us a logical efficient way to give it to you.
Computer TFN Declaration Process
The better solution is using your payroll software to prepare and lodge it. The ATO is now says they are accepting TFN declarations via online lodgement or through the business, BAS agent or tax agent portals.
We are aware of the online lodgement ability of some software.
Recent changes have meant that if you are using these “Electronic” TFN declarations, produced properly by the software, you can use their digital signature solutions, store the digital form only and lodge from the software. Please note, we have not tested each of the software platforms to establish whether their process is ATO compliant. The concept is correct: No paper, no wet signatures, no filing cabinet.
Alternatively the ATO website talks about submitting a TFN declaration form through the file upload facility of the Business, BAS Agent, Tax Agent Portals. The form must be generated by software in a compatible format. Scanned images or forms, MS office documents and PDFs are not acceptable.
We do not know of any software that allows the production of the file in the approved format and frankly it shouldn’t.
We expect to see further developments to this process as Single Touch Payroll evolves.
Single Touch Payroll includes an employee commencement process through myGov and through Business Management Software which will be totally digital and incorporates the Superchoice process. It’s a good development.
Payslips for Casuals - The Law
ICB Support continues to receive calls about payslips for casual workers. The Fair Work Regulations 2009 outline an employer's obligations in relation to payslips.
Employer obligations in relation to employee records and pay slips, Division 3 of the Regulations
Extract from 3.33:
If the employee is entitled to be paid:
The record must set out details of the payment, bonus, loading, rate, allowance or entitlement.
Pay slips must include all of the information set out in regulation 3.46, which details all content to be included in a payslip, including:
There is no getting around it - you must report all types of payments to casual workers separately on the payslip!
Bookkeepers often get stressed about amounts that don’t fit… should you worry? What is a “material” amount that you need to get an answer on? What is an “immaterial” amount or transaction and what do you do with it in the accounts? When is it a tax agent decision and when can you make a judgement about it?
The general principle of materiality is to ensure that “financial statements include all the financial information that could influence users’ investment decisions”. This also means that financial statements do not require “excessive disclosure of immaterial information that can obscure useful information”.
Materiality rules apply to all entities governed by the Corporations Act 2001, Government entities, and other entities governed by general purpose financial reporting requirements.
From the IFRS Practice Statement Practice Statement ED 2015/8 Application of Materiality to Financial Statements, the stated aim is to provide guidance to assist management in applying the concept of materiality to general purpose financial statements prepared in accordance with International Financial Reporting Standards (IFRS).
Information is material if omitting or misstating it could influence decisions that users make on the basis of financial information about a specific reporting entity.
Car insurance companies make a commercial decision based on likely outcome, time and cost to pursue any action.
When the circumstances of the crash are in dispute and each car has $2,000 damage, would they continue to take action to chase compensation from the other party? They would probably do enough to ascertain that there is going to be a dispute rather than a simple one way outcome.
In case of a dispute, then maybe a little more time is invested to ascertain if each party is likely to be at least partially at fault. If so, then they would assess if there was going to be an outcome that means it is worth the time and cost of the action.
If it is $2,000 damage for each and both are at fault, then the commercial decision, (or the application of the principle of materiality), might result in them not investing time to pursue an action against the other person but to walk away and fix the car.
However, what if it was $10,000 damage one way and $2,000 the other? Then the potential outcome may be quite different. The “material” difference means further action would be taken.
Cost vs Benefit vs Outcome
Bookkeeping isn’t the same as an insurance claim. What is the standard of materiality for bookkeepers? How do we apply or determine the “cost” or the “benefit” or the “outcome” of some bookkeeping decisions?
Ultimately the decision is that of the business owner! How much are they prepared to pay you to invest in any action in order to get the bookkeeping right?
There is some bookkeeping that should have no application of “materiality” in the decision about whether something should be investigated or fixed or processed differently. It simply should be fixed and be 100% correct.
Despite this “requirement” there is always a cost to being 100% correct. That cost can easily outweigh the benefit of being correct.
What if it is 10 cents out?
A bank reconciliation is 10c out. Your educated view is that it is likely to be a typo, so you allocate it to bank charges and make it go away. That is an application of the principle of materiality: you have assessed the time (cost) to find the error, the likely outcome, (10c into an expense of some type), and the benefit of doing the correct fix, (10c in repairs and maintenance instead of bank charges). It is not worth the investment.
What if it could easily be $9,999.90 out one way and $10,000.00 out the other way? In your professional educated opinion is this possible? How long would it take you to determine it that is likely to be the case? What difference will it make to the report or the end user of the information?
If the entity turns over $20m, then the decision points and the cost vs benefit may not justify the work required to achieve the different, (or more correct), outcome. For 10c certainly not; for $10,000 maybe.
If the entity turns over $100k then a potential misstatement of $10k on both revenue and expenses should certainly be investigated.
The assessment of whether information is material or not depends on the size and nature of the entity, the transactions and amounts involved. The decision is judged in the particular circumstances of that entity against qualitative and quantitative factors.
What is the Information Being Used for?
“Information is material if omitting or misstating it could influence decisions that users make on the basis of the financial information…”
This is a recurring theme in all the standards and requirements about applying materiality judgements.
Who is using the information and for what purpose? What is the potential impact of the information? Therefore what is the potential impact if the information is incorrect?
A bookkeeper processes and prepares information, therefore it is about producing a correct business process outcome, but also about producing information that correctly and accurately informs the users of the information.
If the information is never used for anything, think about not providing the report. If nobody looks at the graphs, don’t produce them. If an error in the information or the report will mean the business will make a decision that is not correctly informed, then the accuracy of the information needs to be considered.
If the time allowed to provide the information doesn’t permit 100% accuracy, then you should provide a note to any reports produced noting what has and hasn’t been done in providing the information; i.e., provide details about the areas of risk or doubt so that the users of the information can make their own assessment of any material doubt.
What not to do?
General Purpose Financial Statements - Who is Reading What?
Much of the “Standards” discuss General Purpose Financial Statements as the context that “materiality” decisions are required.
General Purpose Financial Statements are those that are prepared for users of information that typically cannot obtain the information from any other place and typically cannot influence the report or the information or interrogate the information any further than what is provided in the report.
Existing and potential investors, lenders or other creditors may not normally be able to require an entity to provide information directly to them. The General Purpose Financial Statements therefore need to be prepared with regard to materiality, considering the impact the information has on such users of the reports.
As a result of the uncertainties inherent in business activities, many items in financial statements cannot be measured with precision but can only be estimated. Estimation involves judgements based on the latest available and reliable information.
For example, estimates may be required for:
The use of reasonable estimates is an essential part of the preparation of financial statements and does not undermine their reliability.
Frequent vs One-off Issues
It is an expectation of bookkeeping that the system will measure, record, allocate and apply GST etc 100% correctly. For recurring transactions and frequently recurring items, the system should be designed to get bookkeeping correct.
This is different to the one-off error. Systematic errors should be fixed, at least for the future occurrence of those transactions.
Omissions, errors, ambiguity or obscuring information are collectively called misstatements.
In assessing whether misstatements are material you should consider how precisely transactions can be measured.
In some circumstances correcting an immaterial misstatement may be unduly costly or delay publication of information. In such cases you should evaluate whether in relation to individual items, subtotals or totals will failure to correct those misstatements result in an incorrect decision.
AASB 108 defines “material”: Omissions or misstatements or items are material if they could, individually or collectively, influence the economic decisions that users make. Materiality depends on the size and nature of the omission or misstatement judged in the surrounding circumstances. The size or nature of the item or a combination of both could be the determining factor.
ATO and Errors
“If you realise you have made an error on an earlier BAS you must correct it. You need to work out the amount that has been over claimed or under claimed.”
This would lead you to believe you need to be 100% correct in each reporting period. However, even the ATO applies materiality principles to their amendment rules:
“Our practical compliance approach explains the circumstances when we are unlikely to take action against generally compliant employers for lodgment of SGC statements. The compliance decision will be based on all the relevant facts and circumstances of each case.”
“Employers who make a one-off late super contributions payment, within one month of the contribution cut-off date, are considered low risk, so we are unlikely to take compliance action against them, especially if the additional contribution to 'top up' the employee’s super fund account includes a reasonable amount of interest.”
A four year time limit applies to claiming credits and refunds on a BAS but…..there is a value limit to correcting an error, which allows you to fix the error on a later BAS.
Errors You Must Correct
If the law requires you to report transactions in a certain way, then you must do this and you must fix errors accordingly.
Expectations of the Business
What is your engagement for this business? If you are engaged to correct all errors in a file going back to an agreed historical date, and the client is willing to pay you for your time, then go ahead. But if you take on a new client and you pick up errors, omissions or misstatements, and it is not clear whether the client wants anything historical fixed, then check with the owner. Do not spend the time on fixing errors you are not engaged to fix.
It may be that you have picked up some errors that you would like to fix…but do they really matter? Will the errors affect the amount of GST liability for example? If you have used GST free instead of not reportable or BAS excluded, does it really matter?
Assess the cost of your time taken to fix the problems and the benefit or outcome to the business before taking action, and report to the owner.
How precisely can transactions be measured? If an entity has effective internal controls and accounting systems in place, there should be little issue with incorrect amounts being reported. For example, payments to suppliers and income from customers are transactions that are generally capable of being measured precisely.
However, errors do occur. For example, a transaction may have been entered twice, there could be an incorrect adjusting journal entered, or incorrect stock value recorded. Also, there could be additional information that is revealed after financial statements have been drafted, such as funds held in other bank accounts, funds held in foreign currency and so on.
As a bookkeeper, if you pick up errors or misstatements or omissions, you may need to assess whether it’s worth worrying about and advise the business owner accordingly.
What Should a Bookkeeper do?
Is the error worth fixing?
Business management may wish to make an assessment of the cost to fix a discovered BAS error as compared to the penalty and consequence of not fixing it. It is not the bookkeeper’s decision. Any such issues should be raised with the business for their determination.
PAYG Withholding Errors
There is no margin for error. It affects too many things and the employee’s tax return such that any errors should be fixed once detected. Again, the business owner should direct you in relation to any errors discovered, but equally you should make your recommendations for action based on your understanding of the relevant law and your code of conduct as a bookkeeper and / or BAS agent.
Materiality Strategy for Bookkeepers
BAS Agent World
Expanding the Services that BAS Agents can Provide
The Tax Practitioners Board (TPB) has expanded the scope of services Business Activity Statement (BAS) agents can provide beyond existing BAS services, as defined in the Tax Agent Services Act 2009.
BAS agents can now:
Chair of the TPB, Mr. Ian Taylor, said, “We know there are services that are commonly provided by BAS agents that do not necessarily fall within the definition of a BAS service.”
“This legislative instrument now allows these to be included in the services that BAS agents can provide, without the requirement to be a registered tax agent.”
TPB Gets Another $2m in the Budget
The TPB were allocated an extra $2m in the budget to enhance their impact and efficiency in regulating our registered agent space.
An excellent allocation by the government. Let's hope the budget gets passed by whoever is in government in July.
ATO Email Notifications in the BAS Portal
Email Notifications - Portal Mail
Email notifications need to be set up for both your practice inbox and your personal inbox so you don't miss any portal messages the ATO sends you.
Note that this is separate to the Client Communication List. If you wish to see communications the ATO has sent your clients, you will need to check the CCL.
Setting Up Your Email Notification
Once you have logged into the portal:
You can also update your email address, by selecting Setup when you:
For more information from the ATO click here.
Continued Professional Education
This Month From the ICB Continued Professional Education Webpage
ICB Network Meetings
Question For You to Discuss This Month - Treatment of a Commission Payment
This month's question for you all to debate at your network meeting is:
A real estate salesperson left before her sales commission came through and the employer did not pay it. She pursued the employer for the commission payment after leaving. The court ruled that the business pay $25,000. The solicitor has instructed the payment should not have any PAYG withheld. Do I classify the payment as OTE for SGC purposes? And how should I classify the payment, is it an ETP or a bonus or something else?
What advice would you have for this Member?
Last month we asked you:
An employee makes a significant salary sacrifice to superannuation. The employer has been paying Superannuation Guarantee Contribution on the gross wages. The accountant has advised that the difference between the 9.5% SGC and the amount paid in total is Reportable Employer Superannuation Contributions. Is he right?
An amount of super paid to the fund is considered RESC only when the employee has influenced the decision. In this situation, it sounds like the employer has paid a default amount of 9.5% on gross wages without negotiation with the employee. Therefore it would be considered as “employer additional” contribution, not “employee additional”, and therefore not RESC.
It is true that when part of the salary is sacrificed to super, the employer is obliged to pay SGC only on the reduced salary. However, this is defined as the “minimum” amount of SGC required. The ATO does not state that SGC paid on gross wages when there is a salary sacrifice arrangement is automatically reportable.
It would be reportable if the employer advised the employee they would reduce their SGC obligations to the minimum required, and the employee then specifically negotiated to have the employer continue to pay SGC on the gross wage. The difference between the total amount and the minimum required would then be considered as RESC.
Either way, the employer is not losing out, because they would have calculated SGC on the full wage and this would have been budgeted for already.
Upcoming Network Meetings
Join a network meeting, not just to share, but to also network and keep informed.
All ICB Network Facilitators volunteer their time to assist ICB in keeping you up to date and informed and without the help of these fantastic people these valuable meetings would not happen.
If you are unable to attend your local meeting due to time restraints or there isn't a meeting in your area, why not join us via webinar on the 2nd week of each month.
Other Things Happening in the World
There are two ways in which ABNs are cancelled by ABR.
The first, an automatic ABN cancellation program, involves cancelling ABNs which have shown no signs of life in the last two years. Tax agents and BAS agents, regardless of entity type, are excluded from this automated process. This is because their AUSkey is connected to their ABN in order to have portal access.
The second method involves targeted reviews of ABNs identified as being high risk of non-entitlement. In these reviews, ABR asks the ABN holder to provide evidence of their entitlement. From time to time, the ABNs of tax agents and BAS agents may be included in this process. In fact, ABR is currently investigating a small group of tax agents who run their business through a company or trust, but also have a sole trader ABN which has shown no business activity. These tax agents receive salary and wages or distributions from the tax agency business. In such circumstances, the tax agents do not need, nor are entitled to, the sole trader ABN.
When reviewing such tax and BAS agent ABNs, ABR will first notify these agents of their intention to cancel their sole trader ABN and ask them to provide evidence that they still require the ABN. If they cannot provide this evidence, the ABN will be cancelled. If there is an AUSkey associated with the sole trader ABN, it will also be cancelled. The tax agent may need to apply for another AUSkey and link it back to the ABN of their trading business to ensure they do not lose access to online services.
The Tax Practitioner Board does not require tax professionals to have an ABN in order to be registered.
Situations in which a BAS agent may cancel a client’s ABN:
If you are cancelling an ABN for a client, check that all lodgements are up to date and cancel PAYG registration before cancelling the ABN. Cancelling an ABN will automatically cancel registrations for GST, LCT, WET and FTC. It will also cancel any AUSkeys linked to that ABN.
Note that with the recent expansion of BAS services, BAS agents can deal with the ABR on behalf of a client; the ABR website has yet to be updated to include reference to BAS agents as well as tax agents.
Business.gov.au Promotes BAS Agents and Bookkeepers
While you're responsible for the financial wellbeing of your business, it's important to use professional advice and services when needed. Whether it's getting your financial statements in order or seeking financial advice to get your business on the right track, there are a number of services available.
Financial professionals can help you maintain your books, create and stick to a budget, monitor your cash flow and help you make decisions about opportunities like buying new equipment, expanding your business and leasing or buying a commercial space.
Some of the financial professionals you might consider using include:
An accountant can provide a range of services including preparing financial statements, managing your tax affairs and lodgement, and providing you with financial and business advice.
However, if you want your accountant to lodge your BAS on your behalf, you should check that they're also a registered BAS Agent. Whether you use an accountant depends on your own business needs and budget.
If you decide an accountant is out of your budget, there are alternatives which include:
The Australian Taxation Office provides comprehensive information on keeping records. Visit their Record keeping for small business page.
Bookkeepers can record and maintain your day-to-day financial transactions. They can also look after your banking, chase up payments, organise staff wages and even prepare your financial statements. However, bookkeepers can't prepare or lodge your Business Activity Statement (BAS) unless they are also a registered BAS agent.
BAS Agents are registered professionals that specialise in providing BAS preparation and lodgement services. To find a registered agent or to check the registration details of a particular agent, you can search the Online BAS Agent Register.
Free Tax Assistant Visit
You can organise a free tax assistance visit if you need help with your Australian Business Number (ABN), Goods & Service Tax (GST), Pay as you go (PAYG), Fringe Benefits Tax (FBT), activity statements, record keeping and superannuation.
On the business.gov.au website you will also find information on other Financial Professionals such as:
What to do...
This Month From the ICB
June 2016 eBrief Newsletter for Your Business
From the ATO
ICB Contributes to ATO Future Projects
From the ATO
On behalf of our Assistant Commissioner Jennifer Moltisanti and our team, we would like to thank you for your participation and the invaluable contribution made at the workshop last week in Melbourne. We have started to receive very good feedback from internal and external workshop participants.
We achieved the outcomes of the two day workshop in confirmation of the intent statement, principles and a commitment to work together through the three syndicate groups to enable the production of pilot blueprint and prototypes for the three services to pilot on 1 July 2016.
The three services to Pilot on 1 July 2016 with the key messages are:
Tailored Lodgment Program
Reengagement Of Non Lodgers
ATO Advises on Super Changes Following on from Budget
The ATO Tax Practitioner Advisory Group meeting was held on Friday 20 May 2016.
The information provided below is to assist professional associations to communicate key messages to members.
Proposed Superannuation Reforms
If the proposed reforms are legislated:
The contact details to obtain this amount are:
For phone contact a response will be provided through a call back service within 48 hours. Written and bulk request will take longer.
To ensure we can provide this information to clients who have a critical need to understand their position, we ask you to prioritise your requests for balance information as we work towards a more streamlined process that will be in place before the 1st July.
We will be using the data and information in our holdings to work with super funds and their members to inform them when members are likely to be approaching or exceeding their contribution limit.
If the remaining reforms proposed for superannuation are legislated:
ATO Supports the Dairy Industry
Communique for Tax Practitioners Association
We recognise that individuals and businesses can experience financial difficulties due to challenging economic conditions or unexpected events, and take an empathetic approach to working with them to get back on track.
Falling milk prices have directly affected the dairy industry.
We are offering supportive repayment arrangements and remission of interest to those in the dairy industry who can’t meet their tax payment obligations.
You can phone 13 72 86, Fast Key Code 1 2 2 from 8.00am to 6.00pm weekdays and from 10.00am to 4.00pm Saturday to discuss your client’s situation.
We encourage you to lodge BAS for your affected clients on time, even if they can’t pay, so that we understand how much support they need. Payment terms can be worked out later.
We look forward to working with you to get the best possible outcome for your clients during these challenging times.
For more information, refer to Help with Paying.
Upcoming Portal Maintenance
See this link for scheduled times for the full guide to system maintenance and issues.
The portals will be unavailable at the following times for scheduled system maintenance.
For more details regarding portal maintenance, click here.
ICB Membership Statistics as at 31st May, 2016
3,383 Members maintain Fellow, Member, Associate, Affiliate and Educator membership.
ICB also has 21 Accredited Training Provider Members and 2,835 Student Members.
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ICB Newsletter Team
Institute of Certified Bookkeepers
P: 1300 85 61 81