Pilot 2: TPB Breach Reporting Rules, Super Guarantee and Cryptocurrency

Welcome to this episode of the BKPod, where we bring you the latest updates and critical information for bookkeepers. Join Kellie Powell, Kelvin Deer, Kerry Jarius, Peter Thorp, and Darren Hagerty as they discuss new breach reporting rules, increased ATO super guarantee audit activity, and the GST implications of digital currency payments.New Breach Reporting RulesKelvin Deer discusses the new breach reporting rules for BAS agents, effective from July 1st. Topics include:The role of the Australian Bookkeepers Association (ABA) in representing BAS agents to the Tax Practitioner Board (TPB).The origins and implications of the new breach reporting legislation.Definitions and challenges of identifying "significant breaches."The need for clearer guidance from the TPB.Super Guarantee Audit Activity Kerry Jarius and Peter Thorp provide an update on the ATO's increased super guarantee audit activity, covering:The process and implications of ATO's super guarantee audits.The importance of timely SG payments and potential penalties for late payments.Practical steps for employers and bookkeepers to ensure compliance.The potential impact of Payday Super on future compliance and enforcement.GST Implications of Digital CurrencyDarren Hagarty explains the GST implications of using digital currency as a method of payment, including:Key points from the latest Getting Technical publication.ATO determinations on digital currency and foreign currency conversion.Reminders about upcoming webinars and events:Two end-of-financial-year webinars.Bookkeeper Radio episode on not-for-profit self-review reporting.Bookkeeper event in Adelaide from October 10th to 12th.Stay Connected:Follow us on social media for the latest updates and episodes.Subscribe to our newsletter for exclusive content and announcements.We hope you enjoy this episode of the BKPod and find the information valuable for your bookkeeping practice.