Is your insurance cover at risk? Most likely, you have life insurance cover through your super fund – which is important for protecting your family, However, there are new ‘Protecting Your Super’ laws that came into effect 1 July 2019 to protect the super balances of all Australians being eroded […]
Justin Maddock
8 posts
Save on your Workcover Premium! Today’s tip comes from Troy Joubert at Insurance Advisernet. If you have a Workcover premium of $50,000 or more, and you’re paying your premiums monthly through Workcover, you can save over $1,000 annually using a premium funding loan. The premium funder pays your annual workcover […]
Tax cuts are official! With the Senate passing the Government’s tax plan in full, most taxpayers can expect to see some extra cash in their tax refund this year. If you earn between $48,000 and $90,000, you can expect to receive an extra $1,080 The extra refund reduces for incomes above $90,000, and […]
The new financial year has commenced, which means it’s time to get your annual payroll finalised. Here’s a few key tips to make your end-of-year payroll a breeze! Generate your end-of-year summary reports before commencing payroll finalisation so you can check and reconcile your payroll as you work through […]
Last night, the Queensland Government handed down the 2019-20 state budget. The budget provides payroll tax relief for small business, and a reduction in payroll tax for regional employers. This is partly funded by an increase in the payroll tax rate for large business, and an increase in the land […]
Single Touch Payroll – beat the rush! Time is running out to get STP ready by 1 July 2019. There are advantages to get setup now: Less time waiting on hold – most people will need to phone the Tax Office to link their payroll software, and we expect there […]
Australia voted for business as usual! With the re-election of the Coalition Government, the Australian Labor Party’s ambitious tax plan is now off the table. The election campaign focussed on Labor plans, with very little policy from the Coalition. We have summarised the key tax changes that are expected to […]
What is Single Touch Payroll? Single Touch Payroll (STP) is a new payroll reporting standard, where employers are required to electronically report their payroll information to the Australian Taxation Office (ATO) on or before employees are paid. What this means for Employees If your employer is reporting under STP, they […]