It’s that time of year again when we are all caught up in Grand Final Fever (Go Raiders!!), but don’t forget it’s also BAS season!
Lodgements and payments are due from the 21st of October, so if you haven’t already received your statement, please ask your friendly Halletts team members for help.
Opening a savings account for your kids? It’s great to get them into the habit of saving their tooth fairy money and gifts from granny to experience the joy of compounding early in life.
If the money is genuinely theirs, you as parents don’t need to declare the interest, so don’t give your TFN to the bank. If your TFN is linked to the account, the ATO will be expecting the interest to be declared by you.
If you have parked some of your own funds in the kids’ names however, the ATO view is that control of the money and therefore the interest belongs to you.
If you’re not sure please ask your friendly Halletts team member!
Those scammers just never give up – a reminder to check, double check and triple check before making any payments!
Fraudsters will send emails pretending to be from a creditor advising a change of bank account details, or even hack into internal company email addresses and request dodgy payments or ask to change salary bank account details.
If you receive any change of payment requests, please make a phone call to a known contact to confirm that it is authentic. Likewise if you send us any change requests, please understand that if we call you as well as responding to your email, we want to be sure that you are you.
