by James Carey | Mar 31, 2020 | Business Services & Advice, COVID-19
Date From 30 March 2020 for six months For employees employed at and from 1 March 2020 First payments in first week of May 2020 Applies to Based on comparable periods: Employers <$1 bn that have experienced a downturn of more than 30% Employers >$1bn that have...
by James Carey | Feb 26, 2020 | Business Services & Advice, News
It has been a big week in parliament. This update is important for any directors as their personal liability for company activities has increased. From 1 April 2020, company directors will be personally liable for any unpaid GST, luxury car tax (LCT) and wine...
by James Carey | Feb 25, 2020 | Business Services & Advice, News
After first being announced 24 May 2018, the Superannuation Guarantee Amnesty has now been passed by parliament and is awaiting royal assent. The SG Amnesty provides for a one-off amnesty to encourage employers to self-correct historical SG non-compliance dating from...
by James Carey | Nov 22, 2019 | Business Services & Advice, News
Single Touch Payroll consequences Single Touch Payroll (STP) is now mandatory for most employers, though there remains concessional reporting for small and family businesses. STP replaces annual PAYG Payment Summaries (group certificates) being sent to the ATO with...
by James Carey | Jun 26, 2019 | Business Services & Advice
We all would like to reduce our tax exposure and minimise risk of an audit by the regulators. This end of financial year update outlines the actions to take to do exactly that: Summary of key changes and actions What’s New: Instant Asset Write Off –...
by James Carey | Mar 26, 2019 | Accounting Technology, Business Services & Advice
The deadline for employers with fewer than 20 employees to implement Single Touch Payroll is fast approaching. Unless you are exempted, you must implement this change by 1 July 2019. If you are an employer with 20 or more employees, then you should already have...
