Employers should now know of the Single Touch Payroll Phase 2 reporting requirements. While some accounting and payroll software already meets the ATO’s reporting requirements, some software providers have deferrals in place…
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Does your business buy products and services from overseas suppliers? If so, you may be charged GST – but not always! Overseas businesses must register for GST in Australia if…
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It’s tax time again – Are you making the most of your allowable tax deductions? Tax Deductions According to the Australian Taxation Office (ATO) website, there are 4 things…
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It’s nearly time to make a finalisation declaration for Single Touch Payroll. There is no need to issue payment summaries to employees you have reported through STP. Employers must complete…
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Most small businesses in Australia employ people. One of the most common payroll errors is incorrect processing of termination payments when employees leave. With the introduction of Single Touch Payroll…
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With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June 2022 to reduce your tax and…
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If your trust pays adult-child beneficiaries, then you’ll need to know how the new ATO tax guidance rules could alter your beneficiary arrangements. The proposed changes won't affect every small…
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Are you providing rapid antigen tests and other COVID-19 related benefits to employees? Business owners providing benefits in addition to salary or wages because of COVID-19 need to check if…
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Whether you’re currently involved in a cryptocurrency like bitcoin, or considering buying a cryptocurrency, it’s vital to explore the tax implications. While these will vary according to your circumstances, and…
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Christmas is a great time to acknowledge and reward your employees and other associates by celebrating and giving gifts. But don’t get caught out by entertainment rules! Claiming entertainment and…
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