{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"BK Pod","title":"Episode 8: Code changes, Payday Super Seven-Day Requirments, Tax Deductibility of the ATOs General Interest Charge","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/c99d9239\"></iframe>","width":"100%","height":180,"duration":1879,"description":"Episode Overview\nWelcome to the first BKPod episode of 2025! In this episode, we dive into important industry updates for bookkeepers and BAS agents, including new legislative changes, compliance obligations, and key government proposals that could impact your clients.\n\nTopics Covered\n\n1. Updates from the ABN Team\nNew Engagement Letter Template – Now updated for recent TASA changes. Make sure to review and implement before 1 July 2025.\nRefreshed Website & Member Centre – Includes an improved global search feature for easier navigation.\nOnline Coffee Club Recap – Covers key updates on CPE requirements and the QMS system changes coming in July 2025.\n2. Breach Reporting Obligations (with Kelvin Deer)\nBreakdown of new breach reporting rules under TASA, in effect from 1 July 2024.\nWho must report breaches and what qualifies as a “significant breach.”\nTimeframes and obligations – reports must be submitted within 30 days of awareness.\nImplications for BAS agents and failure to report.\nPractical tips: Record-keeping and compliance steps to stay on top of the new requirements.\n3. Payday Super Update (with Peter Thorp)\nNew seven-day rule requiring super contributions to be received by the employee’s fund within seven days of payday.\nCurrent issues with clearing house delays and processing times, making compliance difficult.\nThe ATO’s increasing role in enforcing compliance through data-matching.\nPotential penalties for employers, even if they initiate payments on time.\nAdvocacy efforts to push for a more practical implementation of the rule before it becomes law.\n4. Changes to Tax Deductibility of ATO Interest (with Darren Hagarty)\nGovernment proposal to remove tax deductions for ATO interest charges (SIC & GIC) from 1 July 2025.\nImpact on businesses with ATO tax debt.\nStrategic steps bookkeepers can take to help clients manage their tax obligations ahead of the changes.","thumbnail_url":"https://img.transistorcdn.com/5jvdB-te3vmX_Oth0tdqjulDCpoYnKbpNZrcDUKC2FQ/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xNzY2/MzYyNGUyMDQ2NTQz/NzA0OTdmNTJiZmQ3/MGFkZi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}