Did You Know?

QUICK TIPS FOR AUDITS OF TRUST ACCOUNTS Tip  One You need to maintain proper records for all funds held on trust at all times, failure to do so could result in fines and penalties. Tip Two You will receive two unannounced examinations from the auditor each financial year (if...

Itinerant “flexibility” not so flexible It is generally assumed that there is a degree of flexibility within the tax law over particular work travel claims that arise where the nature of the employment is deemed to be itinerant. If you do itinerant work (or have shifting places of work)...

Taxable Payment Reports – Building & Construction Industry Businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year. You need to report these payments to the  Taxation Office on the Taxable Payments Annual Report...

SuperStream – Are you compliant! What is SuperStream? Superstream has been introduced to ensure employer contibutions are paid in a consistent, timely and efficient manner. As an employer you are required to: send all contribution data electronically in a standard message format, make contribution payments electronically, link data and...