Single touch payroll exemption for directors and family members The ATO has provided a concession from single touch payroll for payments by small employers to closely held payees. Single touch payroll (STP) was extended to cover all employers on 1 July 2019. For directors of their own company or for family businesses employing family…
Find out who are the winners and losers of Federal Budget 2017.
Government figures indicate that Australian employers currently spend around $2.5 billion each year to meet their PAYG withholding obligations. To reduce the onerous administrative overhead costs spent on payroll and employee reporting, the Government has introduced Single Touch Payroll (STP) legislation. In a nutshell, STP will require employers to utilise Standard Business Reporting (SBR) enabled…
It’s easy to get caught up in the spending trap and feel the pressure to get on the spending bandwagon. A budget enables you to think and consider carefully before committing to expenditure.
Succession planning is an essential part of business life, yet remains a perennially under-addressed issue. There are more than just tax issues to juggle!
The last financial year has witnessed a record number of tax audits. and with the ATO actively stepping up its inspection of business transactions across the board, utmost vigilance must be exercised at all times with the recording of your business transactions. In order to help you avoid such a stressful, time-consuming and costly tax audit, we’ve put together a list of some triggers you should be aware of.
Quite often our clients approach us with questions pertaining to their obligations for WorkCover. Our blog article here examines the important details of Workcover – minus the technical jargon – so you, the business owner, are absolutely clear on how WorkCover insurance affects you and your business.