What’s new Live reporting through Single Touch Payroll Single touch payroll (STP) reporting has changed the way businesses report salary and wages, PAYG withholding and superannuation contribution information to the ATO. For the 2018-19 financial year, only businesses with 20 or more employees were required to use STP. From 1 July 2019, all businesses will…
Author: Jhco Admin
This article was provided from Knowledge Shop.
Knowledge Shop® has been helping accountants do what they need to do (and a bit more) since 2000. A subsidiary of ASX listed Easton Investments, Knowledge Shop® was born out of the frustration experienced by a profession trying to keep on top of an increasingly complex tax, super and regulatory environment.
Tax Time & Your Business
This tax time, the ATO has stated they are looking closely at taxpayers: setting up or changing to a company structure claiming motor vehicle expenses who may not be correctly apportioning between personal and business use There are a multitude of data-matching programs and benchmarks to catch out those attempting to rort the system. For…
Ben's Business Tips
There’s a lot to remember when running a small business. Here’s a few simple suggestions to help make a big difference; Keep an accurate and up to date accounting file. This will ensure you always know your business’s current position and it will assist in decision making Manage your time effectively. Make use of…