by admin | Jun 21, 2019 | News
As a taxpayer, if you use your own car for work purposes, you can claim a tax deduction using one of two methods — the cents per kilometre method or the logbook method. If you use someone else’s car for work purposes, you can only claim for direct costs you pay for...
by admin | Jun 21, 2019 | News
There’s recently been a big tax law change that may reduce the tax deductions for many businesses across Australia. This may happen if you: 1. Don’t lodge your BAS’s on time; or 2. Don’t lodge your payroll each week using Single Touch Payroll (STP); or 3. Don’t...
by admin | Jun 5, 2019 | News
Historically the ATO was able to issue lockdown Director Penalty Notices for unpaid superannuation if SGC Statements were not lodged within three months of superannuation being due for payment. However, in May 2019 legislation came into effect, which shortened the...
by admin | Jun 5, 2019 | News
The Minimum Wage Panel on 30 May 2019 handed down its minimum wage decision for 2019. From the first pay period commencing on or after 1 July 2019, the National Minimum Wage will increase to $740.80 per week, or $19.49 per hour. What this means for you: 1. Employers...
by admin | Apr 4, 2019 | News
This year’s Budget is rather unique as it occurred just before a federal election. While there are many parts of this years’ Budget that apply to future years, we have summarised below the key changes you need to know about for the next 12 months. Remember, if...
