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Single Touch Payroll (STP) Phase 2 is an expansion of the ATO's payroll reporting system, and it started on 1 January 2022. Under this expansion, you'll report additional information to the ATO and clarify the payments you make to your employees. This also allows the...

ATO warns of impending action Recently the Accountants Daily published an article warning of impending action by the ATO against Directors who have overdue ATO debt and have not been engaging with the ATO. “The letters warn company directors that if they don’t...

This month we meet Tayla Jones, Client Services for the Sunshine Coast office. Tayla joined us in 2021 wanting to further develop skills around her passion for client services and customer service and has been a key team member and asset to our firm and clients....

This month we meet Tayla Jones, Client Services for the Sunshine Coast office. Tayla joined us in 2021 wanting to further develop skills around her passion for client services and customer service and has been a key team member and asset to our firm and clients....

Round 3 of the Business Basics grants will open at 9am, 4 May 2022. There is no closing date for this round, applications will cease once sufficient applications have been received for competitive assessment.  Note: Round 3 has 2 streams dedicated to businesses based...

The ATO has released the 12th edition of their annual statistical overview on self-managed super funds (SMSFs). The overview provides key statistics and analysis of Australia's SMSF sector for the 2019–20 financial year. These statistics provide an indicator of the...

eInvoicing is the new way for businesses to exchange invoice information more efficiently, more accurately and more securely. With eInvoicing: suppliers won't need to print, post or email paper-based or PDF invoices buyers won't need to manually enter or scan invoices...

Companies with an aggregated annual turnover of up to $5 billion are eligible to carry back tax losses for the 2019, 2020, 2021 & 2022 financial years and offset it against tax paid in the 2019 or later income years. The release of the Federal Budget saw this...

“The single biggest problem in communication is the illusion that it has taken place.” George Bernard Shaw Good communication is vital in building and maintaining strong relationships across all levels of an organisation. Solid and clear lines of communication provide...