Superannuation and the Music Industry - get the right information
Join the ALMBC Board to discuss the latest information about Superannuation in the music industry. 12pm Wednesday 17 May.
Key Guests include:
Matthew Addison, CEO of COSBOA
Key Topics Include:
* What was the state of play regarding superannuation obligations previously?
* What are the recent changes impacting both sole traders and small businesses
* What are your rights as a sole trader in relation to charging your client super?
* What are your obligations as a small business in relation to paying super to your contracted and employed staff (and to define the difference)?
* What can both parties do to limit the administrative burdens associated with super rights and obligations?
* What are the likely future changes that will come into effect in relation to superannuation?
* What are the potential penalties as a director of a company if you are found to not meeting your obligations in relation to contracting sole traders.
Kylie Thompson (FCPA) is the principal of a taxation preparation & financial advisory firm that specialises in the music industry. With over 30 years’ experience within this sector, Kylie is a passionate advocate for artists, championing their ability to create a sustainable music career financially whilst protecting their personal wellbeing and mental health.
Kylie devotes a significant portion of her personal time and resources to the industry as demonstrated by her positions as Treasurer of West Australian Music (WAM) & WA Strings Attached Guitar Festival, You will regularly find Kylie on Industry Panels & sponsoring events such as Champagne Agency’s Gig School, Propel Youth Arts, WOMPP, WAM Song of the Year & WAM Awards, Bigsound. She is particularly proud of working for the AIR Women in Music Mentorship Program where Kylie not only delivered a Financial Literacy Workshop but is also an Assessor & Mentor.
She has devoted a significant proportion of her time to ensuring she has maximised the available grants and allowances that have been made available for musicians to alleviate the burden of financial hardship where she can and pave the way for them to do what they do best. Create art.
Matthew Addison is the Executive Director of The Institute of Certified Bookkeepers. A professional Association of Bookkeepers that is all about Bookkeepers helping bookkeepers helping Business.
Chair at COSBOA. Council of Small Business Organisations Australia. The voice of small business
Representing and developing the bookkeeping profession since 1990. Involved in the development of: Business Accounting Software, Software Company Partner Programs and the Tax Agent Services Act 2009 (recognition of Bookkeepers as Registered BAS Agents).
Co-Chair of the ATO Tax Practitioner Stewardship Group (2018-2021), member of the ATO BAS Agents Advisory Group and the Tax Practitioners Board (TPB) Consultative Forum. A Ministerial appointee the TPB from its inception in 2009 until 2015. Representing Bookkeepers at many ATO consultations including Single Touch Payroll and the Strategic Advisory Council for the ABR (Australian Business Register) including the Modernising Business Registers program.
A registered tax agent as Director of Addisons Productivity Solutions, a consulting, bookkeeping, accounting software support business.
An active role in professional (agents, bookkeepers and consultants) education, seminars and training, connecting the Australian Bookkeeper community with ICB Global to bring The Institute of Certified Bookkeepers to Australia in late 2005.
Chartered Accountant in Practice (since 1986) assisting businesses in all things tax, accounting, GST, BAS with an emphasis on assisting to have the BEST BUSINESS PROCESSES using the best technology that is appropriate (which just keeps changing).