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 […]
ATO
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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 […]
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 […]
As a business owner, you know the importance of risk management and mitigation. To protect yourself you need to regularly: review your operation’s processes to make sure they’re meeting workplace health and safety requirements review your supplier chains to make sure products are available survey customers to gauge their satisfaction […]