Edney Ryan Chartered Accountants

Single Touch Payroll is a new electronic method for reporting employees’ payroll information to the ATO at the same time as employees are paid. Employers will report payments such as salaries and wages, pay as you go (PAYG) withholding and super information to the ATO directly from their payroll solution. As a result, businesses will no longer be required to... Read more

If you are a foreign person who owns residential land in NSW, you must pay a land tax surcharge in addition to any land tax you already pay. The surcharge will be 0.75% for the 2017 land tax year and 2% from the 2018 land tax year onwards. You may be required to pay the surcharge even if you do... Read more

Edney Ryan Group is proud to be a Bronze Sponsor of the Balmoral Swim for Cancer, a family-friendly open water, charity event raising funds for the Children’s Cancer Institute. It is a unique event as it is one of the few swims held within the safety and beauty of Sydney Harbour. A great event for all comers. The swim is... Read more

I am delighted to announce that Kate O’Brien has been named Hillross Adviser of the Year for 2017. This national award recognises the adviser who has demonstrated the highest  level of professionalism and excellence through client service, advice delivery and implementation. Importantly, client advocacy, undertaken by the Beddoes Institute’s Client Experience Survey was an important part of the judging process, and we thank our... Read more

If you are still using traditional accounting software in your business, it might be time to consider cloud accounting. With more clients using cloud accounting each year, Edney Ryan has witnessed first-hand the time and productivity efficiencies it creates for business owners, their staff, bookkeepers and accountants. The biggest problem with traditional accounting software is it limits you to one... Read more

Each year we compile current tax rates and key superannuation data in our handy quick reference guide. You can request a hard copy by phoning (02) 9908 9888, email marketing@edneyryan.com.au or view the booklet online here.

NSW Home Affordability Measures The NSW Government has announced a number of measures designed to improve housing affordability across NSW from 1 July 2017. Some of changes in the housing affordability package will affect foreign residents purchasing residential property in NSW. Stamp Duty Surcharge Increases: Foreign residents already pay a 4% surcharge on stamp duty. This will double to 8%.... Read more

With the EOFY just days away it’s time to get your tax affairs in order. Here are our top 10 tax planning tips to get you started. 1. Small Business Assets Now might be a great time to purchase a new computer or work car. The 2017 Federal budget gave small businesses (with a turnover less than $10 million) a 12-month... Read more

From the 2016–17 income year, the small business company tax rate has been reduced to 27.5%. This lower rate now applies to small businesses with a turnover less than $10 million. The company tax rate will remain at 30% for all other companies. The maximum franking credit that can be allocated to a frankable distribution paid by a small business... Read more

Each year it is fascinating to observe how the Budget is received. Most commentators subjectively assess the Treasurer’s efforts by how they, or their interest group, is expected to be impacted. But is it possible to assess a budget more objectively? According to the stock market and rating agencies the Treasurer has done a reasonably good job. The ASX is... Read more