by admin | Jun 3, 2021 | Uncategorized
Single Touch Payroll (STP) – Are you ready? From 1 July 2021 all amounts paid to closely held payees will need to be reported to the Australian Taxation Office through an STP enabled software. For more information please refer to;...
by admin | Jun 3, 2021 | Uncategorized
Are you ready for the increase in your Employee’s Super? From 1 July 2021, the Super Guarantee Percentage is increasing to 10% from 9.5%. This will apply to any wages payable from this date. Depending on your Accounting/Payroll Software, the calculation will update...
by admin | Jun 3, 2021 | Uncategorized
The FBT year is upon us…. Fringe Benefits Tax (FBT) relates to benefits provided to staff outside of their wages such as cars, housing, parking or meal entertainment. The FBT year runs from 01 April to 31 March, and the tax is paid for by the employer...
by admin | May 13, 2021 | Uncategorized
Business Updates Instant Asset Write Offs has been extended to 30 June 2023. Claw Back of Tax Losses – the loss carry-back measure will be extended to allow eligible companies to also carry back tax losses from the 2023 income year to offset previously taxed...
by admin | Sep 25, 2020 | Uncategorized
Per our previous newsletters, the Government has extended the Jobkeeper scheme. This has now been legislated and Treasury have released the legislative instrument providing more details about how the assessment criteria apply. The extension has two periods Extension 1...
