OY! Indonesia’s Post

Haven't paid your quarterly super obligations yet? Although the due date is 28 October for this quarter, if you're using a clearing house, it CAN take between 5-10 business days, depending on the provider, to clear into the super account. And unless you're using the ATO's Small Business Clearing House, your super obligations aren't considered PAID until it has cleared in the super account. If this is you, you might want to allocate some time to getting your super processed and paid today.

Haven't paid your quarterly super obligations yet? Although the due date is 28 October for this quarter, if you're using a clearing house, it CAN take between 5-10 business days, depending on the provider, to clear into the super account. And unless you're using the ATO's Small Business Clearing House, your super obligations aren't considered PAID until it has cleared in the super account. If this is you, you might want to allocate some time to getting your super processed and paid today.

Haven't paid your quarterly super obligations yet? Although the due date is 28 October for this quarter, if you're using a clearing house, it CAN take between 5-10 business days, depending on the provider, to clear into the super account. And unless you're using the ATO's Small Business Clearing House, your super obligations aren't considered PAID until it has cleared in the super account. If this is you, you might want to allocate some time to getting your super processed and paid today.

Don't let the Super deadline slip through the cracks! ⏰🚨 April 28, 2024, is fast approaching, and it's crucial to stay on top of your super payments. Remember, to be compliant, the funds must be in the account or hit the ATO super clearing house by the 28th of April. Let My Business Toolbox be your guiding light in navigating through this deadline. Our experts are ready to ensure that your business meets its obligations without a hitch. Don't miss out – contact us today to ensure compliance and peace of mind! #SuperDeadline #StayCompliant #MyBusinessToolbox

Global payment trends and how Gordeon supports businesses in navigating this landscape.

🚨 Lending to unqualified businesses can lead to serious consequences 🚨 Identifying Ultimate Beneficial Owners (UBOs) is a critical step in qualifying businesses, especially for compliance with Anti-Money Laundering (AML) regulations and Know Your Business (KYB) requirements. The US Corporate Transparency Act (CTA), which took effect in January 2024, introduces a new beneficial owner framework established by FinCEN. It features a comprehensive database for housing ownership information, facilitating secure reporting of ownership details, strengthening transparency, and reducing crime. Livesight's BusinessMatch solution provides extensive data linking individuals to businesses and their officers through our P2BLens feature, offering the market's most comprehensive, accurate, and timely ownership data. With the CTA currently in the data collection phase, we are excited about the opportunity to enhance our owner database with this invaluable data source as we continue to empower lenders with intelligent and automated verification solutions! #automation #lending #kyb https://lnkd.in/drzPvWui

💼 Discover the power of bulk transfers for your business! Chapa latest API feature enables seamless payments to employees and suppliers in large batches. Find out how you can streamline your financial operations and save time. Read more in our blog post: https://lnkd.in/gmxx7hTe Nael Sammy Bef Beakal Thomas Kidus #Chapa #BulkTransfers #Efficiency #PaymentGateway

The Financial Conduct Authority has now published its proposal on new rules to better protect customers of #payments firms. This has been long awaited, but, as expected, the new rules will be tougher in terms of evidencing protection of client money and reflect a more CASS-style regime. Here at AutoRek we had anticipated this direction of travel and using our deep #CASS expertise we have developed a pre-configured solution that can give firms immediate peace of mind when considering the significant process and systems changes they will require to be made in handling internal and external #reconciliations. We have been the undisputed leader of CASS reconciliation solutions for many years now, so if you're reading the FCA's white paper and considering your response (which needs to be made by 17th December 2024) then the first thing you should do is get in touch with us. And thank you to the payments firms who already have. You may have also seen our recent partnership announcement with Capgemini who also recognised us as a standout #fintech in their recent payments industry report. Alongside their team we can now access truly international delivery expertise. Trust us, we can help, we've got your backs on this.

so it is finally out - #T+1 here we go - #trading #automation #FIXProtocol Key recommendations 1. UK should commit to move to T+1 settlement no later than 31/12/27 2. UK should endeavour to align with EU but must be a suitable timescale or UK should proceed in any event. 3. Final could include appropriate safe harbour mechanism for ETFs and certain other securities that trade in the UK but settle outside the UK. 4. Operational changes should be mandated with effect from a date in 2025 including (i) market standards for onboarding all new accounts to include all data necessary to settle a trade; (ii) electronic processes for sharing SSIs; (iii) market standards for Allocations, Confirmations and trade level Matching to take place on Trade Date; (iv) market standards to be established for Settlement instructions to be sent on Trade Date; (v) market standards for securities lending recalls (vi) CREST to remain open beyond 8pm 5. Technical Group will (i) identify and suggest solutions to the technical and operating challenges of a transition to T+1; (ii) identify the lessons to be learned from the US move to T+1; (iii) agree common operational standards, processes and systems for the industry to adopt; (iv) satisfy itself that there are workable solutions for the issues described in section 5 of the report and any other issues it identifies; (v) determine the scope and safe harbour arrangements; (vi) select the date in 2025 for the operational changes to be mandated; (vii) select a date before the end of 2027 for T+1; and (viii) publish findings by the end of 2024. 6. Mutual and other open ended funds which currently operate redemptions and subscriptions on a range between T+3 and T+4 should be encouraged to transition to T+2 7. Move to T+0 or Atomic Settlement after T+1.

Don't let the Super deadline slip through the cracks! ⏰🚨 April 28, 2024, is fast approaching, and it's crucial to stay on top of your super payments. Remember, to be compliant, the funds must be in the account or hit the ATO super clearing house by the 28th of April. Let My Business Toolbox be your guiding light in navigating through this deadline. Our experts are ready to ensure that your business meets its obligations without a hitch. Don't miss out – contact us today to ensure compliance and peace of mind! #SuperDeadline #StayCompliant #MyBusinessToolbox