by admin | Jun 7, 2022 | Uncategorized
The statutory Superannuation Guarantee rate will increase from 10% to 10.5% of ordinary time earnings from 1 July 2022. In line with legislation aimed at supporting working Australians in retirement, this rate will continue to increase by 0.5% per year until it...
by admin | Jun 7, 2022 | Uncategorized
The ATO is increasing its collection of information from Cryptocurrency Exchanges to ensure Australian taxpayers are declaring their earnings from crypto-assets. Cryptocurrency is generally used to describe a digital asset in which encryption techniques are used to...
by admin | Jun 7, 2022 | Uncategorized
At the end of each financial year, you are required to finalise your Single Touch Payroll (STP) data by submitting a declaration via your chosen payroll software. This finalisation declaration must be lodged by 14 July 2022. Once you submit this finalisation...
by admin | Jun 7, 2022 | Uncategorized
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...
by admin | May 6, 2022 | Uncategorized
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...
by admin | May 6, 2022 | Uncategorized
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....
