Employers have been given additional time to complete their Single Touch Payroll finalisation declaration this year as the ATO recognises the ongoing impacts of COVID-19.
Employers with arm’s length employees will now be given until 31 July to make their end-of-year STP finalisation declaration, an extension from the usual 14 July due date.
The ATO said the extension follows the continued “impacts of COVID-19 on the Australian community”, but urged employers who were able to complete the declaration at an earlier date to do so.
“It’s important that you finalise your employees’ data by 14 July if you can, and let your employees know when you have so they can lodge their income tax returns,” said the ATO.
The Institute of Certified Bookkeepers executive director Matthew Addison said it was pleasing to see the ATO provide an extension in light of lockdowns occurring across the country.
“It is a great measure of consideration and support of the immense expectations upon agents and employers in what has been an adversely impacted year,” Mr Addison said.
“Bookkeepers and accountants are reporting significant anxiety and stress on themselves as well as from businesses and their teams with this end of year in particular.
“Advisers helping business through understanding and coping with different phases of ‘COVID lockdown’ adds to a time of year that is already rife with compliance deadlines.
“The relaxing of this deadline will assist with ensuring that the end-of-year income statements for individuals are prepared correctly.”
The finalisation due date for those with a mixture of closely held payees and arm’s length employees will remain at 30 September for closely held payees. Small employers who only have closely held payees will need to complete the finalisation by the payee’s income tax return due date.
Whether you are considering buying or selling a business, we are able to assist you in this transaction by providing experienced advice.
Each transaction is different and needs to be assessed on its individual merits. There are a number of accounting and taxation opportunities with these transactions and our experience can ensure you are maximising your benefits.
Having the right financial structure in place for your business or your family means looking at your individual circumstances and ensuring that your assets are being maximised whilst being adequately protected.
We have extensive experience in ensuring our clients have the best financial structure for their needs both now and in the future. We can provide advice on and assist with:
Effective structures for asset protection
Effective structures for tax minimisation
The optimal structure through which to operate your business
Structures to assist in succession planning and providing for future generations
Every transaction has GST implications. We have experience with these issues and are able to offer expert advice on the implications of GST for your business. The GST related services we offer include:
Our Strategic Planning Service is designed to assist our clients to develop financially towards the achievement of their lifetime objectives. Our experience and proven results provide our clients with the security that their financial goals will be met.
Wybenga Financial Pty Ltd is an organisation providing wealth creation and management services to private clients.
Self-managed superannuation is a flexible means of saving for retirement. It allows you to take control of your superannuation, adopt a customized investment strategy and control fund administration costs.
Superannution law is a delicate area and personalised planning is required for each individual. We have extensive experience in all areas relating to superannuation and can assist in establishing a superannuation fund that will effectively allow you to reach your financial retirement goals.
Services we offer include:
Establishment of Self Managed Superannuation Funds
Secure File Transfer is a facility that allows the safe and secure exchange of confidential files or documents between you and us.
Email is very convenient in our business world, there is no doubting that. However email messages and attachments can be intercepted by third parties, putting your privacy and identity at risk if used to send confidential files or documents. Secure File Transfer eliminates this risk.
Login to Secure File Transfer, or contact us if you require a username and password.
Please enjoy the links to these free tools supplied by MoneySmart – a great resource for general financial information. Please get in touch if you would like to discuss any questions that you may have as a result of using these calculators.
Chris is the Managing Director of the Firm who established the practice in August 1994 and has been responsible for its growth and development since that time.
Chris has over 35-years experience in the Chartered Accountancy profession, predominantly spent in small to medium sized firms, advising both small business and individuals in areas such as taxation and accounting as well as business restructuring and superannuation advice.
Chris is active in the development of young accountants both in mentoring cadets at the Firm and lecturing in taxation for the CA Program for the Institute of Chartered Accountants.
1980 – Commenced employment and part time university studies
1985 – Graduated Bachelor of Business from University of Technology, Sydney
1986 – Admitted as an Associate Member of the Institute of Chartered Accountants Australia
1988 – Registered as a Registered Company Auditor
1994 – Established Wybenga & Partners (formerly known as Farrar & Wybenga)
Dianne is responsible for the day-to-day operations and administration of the practice.
Dianne has over 25-years Chartered Accountancy experience and has significant expertise in providing advice and solutions to high-net-worth individuals and their associated entities. Dianne also has considerable knowledge in the areas of taxation, business services, superannuation, and compliance.
Dianne is active in promoting gender equality in the industry through various programs and mentoring opportunities. Dianne is also committed to the development of young accountants and donates considerable time to sharing her expertise.
1992 – Graduated Bachelor of Business from University of Technology, Sydney
1993 – Commenced employment in acounting profession
1996 – Commenced career with Wybenga & Partners
1997 – Admitted as an Associate Member of the Institute of Chartered Accountants Australia
2002 – Appointed as Director of Wybenga & Partners
Roger is responsible for the HR aspect of the Firm, cultivating the culture, and maintaining the highly social environment we pride ourselves on.
Roger has over 30-years in the Chartered Accountancy profession and significant expertise in providing advice and solutions to small businesses and high-net-worth individuals. He also has extensive experience in the areas of Self-Managed Superannuation Funds and retirement strategies.
Roger is active in the development of young accountants both in mentoring cadets at the firm and lecturing in taxation for the CA Program for the Institute of Chartered Accountants.
1985 – Commenced employment and part time university studies
1990 – Graduated Bachelor of Business from University of Technology, Sydney
1992 – Admitted as an Associate Member of the Institute of Chartered Accountants Australia
1998 – Commenced career with Wybenga & Partners
2002 – Appointed as Director of Wybenga & Partners
B.Sc, M.Com, CA
Tess has over 15-years experience in Chartered Firms and in this time has had a broad range of experience in superannuation, taxation, and business services. In particular, Tess has had significant experience in MYOB and assisting clients in day-to-day bookkeeping activities and periodic reporting.
Tess is responsible for the Firm’s training and development needs.
Tess is active in promoting gender equality in the industry through various programs and mentoring opportunities. Tess is also committed to the development of young accountants and donates considerable time to sharing her expertise.
2001 – Commenced employment with Wybenga & Partners and part-time accountancy studies
2004 – Graduated Masters of Commerce from the University of New South Wales
2005 – Admitted as an Associate Member of the Institute of Chartered Accountants Australia
2007 – Promoted to Manager at Wybenga & Partners
2012 – Appointed as Associate Director
2016 – Appointed as Director of Wybenga & Partners
B.Bus, B.Sc, CA
Adam has over 13-years experience in Chartered Firms and in this time has had a broad range of experience in superannuation, taxation, and business services. In particular, Adam has had significant experience in MYOB and assisting clients with periodic management reporting.
Adam is responsible for the implementation of technology in the Firm and sourcing new areas of innovation and efficiency.
Adam is active in the development of young accountants and donates considerable time to sharing his expertise.
2005 – Commenced employment with Wybenga & Partners and part-time Accountancy Studies
2005 – Graduated Bachelor of Science from the University of Western Sydney
2007 – Graduated Bachelor of Business from the University of Western Sydney
2010 – Admitted as an Associate Member of the Institute of Chartered Accountants Australia
2010 – Promoted to Manager at Wybenga & Partners
2012 – Appointed as Associate Director
2016 – Appointed as Director of Wybenga & Partners
Each year we offer several school leavers or undergraduates the opportunity of beginning their career with us via an Accounting Cadetship. If you are interested in pursuing a career in accounting please read the information below.
What is an Accounting Cadetship? An Accounting Cadetship enables you to commence your career whilst attaining the necessary university qualifications by studying part-time.
How does it work? Generally, our cadets complete a Bachelor of Commerce (BCom) or Bachelor of Business (BBus) degree at the University of New South Wales, the University of Technology Sydney, Macquarie University, or the University of Western Sydney.
The firm provides 3 hours paid study leave per week to attend University. This can either be taken at the one time or broken between days depending on the individual’s requirements. In addition, the Firm provides paid study leave for both mid-semester and end-of-year exams.
We take the work life balance very seriously at Wybenga & Partners and our cadets are encouraged to have a fulfilling life outside the office. A typical day will have you arriving at the office at around 8.30am with most days concluding at 5.30pm.
What are the benefits of an Accounting Cadetship with Wybenga & Partners? Our cadets benefit from the following:
Career path – on completion of their degree our cadets have significant practical experience which will assist them in advancing their careers
Work helps your studies – by working full-time our cadets are able to apply their practical knowledge in the university subjects
Camaraderie with other cadets – the Firm has a number of cadets at various stages of their career
Mentoring – cadets are paired with a senior staff member who oversees their progress and training both at work and with their studies
Communication and feedback – the Firm has an open door policy which enables all cadets to interact with all members of staff including Directors
Culture – the Firm promotes a friendly social culture with a number of functions throughout the year
Modern environment – including ‘socialising’ areas such as pool table and break out area
Training – ongoing support and technical training. We also provide internal and external training on a monthly basis
Remuneration – working full-time provides a market salary and independence with salaries being reviewed every 6-months
What happens when I complete my degree? The completion of your degree is the first step of what we hope to be a long and successful career with us. The next step is the commencement of your CA Program with the Institute of Chartered Accountants Australia and New Zealand whilst at the same time continuing your employment with us.
A number of cadets have progressed to Seniors, Managers, and Directors within the firm.
Who should apply? Current Year 12 students or first/second year University Students who:
want to commence their career in accountancy;
are due to commence or are currently completing a part-time business or commerce degree at university with an accounting major;
want to gain valuable hands-on experience while completing their qualifications;
are looking for a friendly working environment;
are team players who display initiative;
have a commitment to self-development;
possess excellent personal presentation and communication skills; and
are motivated and mature minded.
How do I apply for an Accounting Cadetship? To apply for a Cadetship position at Wybenga & Partners send us your details. Please also include in your covering letter why you wish to do a cadetship, include relevant qualities you possess, main interests / achievements, and any previous employment.
Interested candidates should initially forward a resume/covering letter of no more than 3-pages. Please provide full details of contact information (telephone or e-mail).
What if I have more questions? For further information about our Cadetship program, please send your enquiry to firstname.lastname@example.org
Wybenga & Partners offers a stimulating work environment giving you the opportunity to develop your future success.
Wybenga & Partners recognises and promotes that there is more to life than work. We know that your needs change and we provide support to balance your work, academic and lifestyle pursuits.
We welcome enquires from trained accountants regarding a career with Wybenga & Partners. Please email us your details to email@example.com