Single Touch Payroll (STP) for Closely Held Payees

The ATO have announced that they will allow deferral of Single Touch Payroll (STP) Phase 2 transition (for closely held payees). Where employers can start reporting from 1 January 2022, the ATO will support and encourage them to transition. If employers can start...

NSW CoVid-19 Support Grants

The New South Wales Government has numerous COVID-19 support grants including the following: JobSaver payment If your business has an annual turnover between $75,000 and $250 million and you’ve experienced a decline in turnover of at least 30% due to COVID-19...

Qld CoVid-19 Support Grants

Don’t Forget! COVID-19 Business Support Grant applications are still open. Applications will remain open until: 16 November 2021 for eligible employing businesses; and 30 November 2021 for eligible non-employing sole traders. Additionally, the Queensland Government...

Changes to Super for Employees from 1 November 2021

From 1 November 2021, if you have new employees start and they don’t choose a specific super fund, you may need to request their ‘stapled super fund’ details from the Australian Taxation Office. A stapled super fund is an existing account that is linked, or ‘stapled’...

ATO Audit Focus for 2021

Wok Related Expenses Generally speaking, there are three rules for Australians looking to claim work-related expenses on their tax return: You must have spent the money, and not been reimbursed for the expense The expense must be directly related to you earning your...