ATO Employer Reminder – STP Data Needs to Be Finalized for 2020
A reminder has been issued by the ATO to employers reporting through STP (Single Touch Payroll). That applies to just about every employer, assuming that deferral or exemption isn’t involved. Employers need to have payroll information finalized for the income year of...
Tax Depreciation and Covid-19 Reports – Will Physical Inspections Be Required?
Businesses and property investors will sometimes hire a professional quantity surveyor, who will put together an updated tax depreciation report. This will provide depreciation and capital works deductions for revenue-producing properties they own. These places may...
JobKeeper Reporting Guidance Via STP
Guidance is available from the ATO if employers require assistance reporting qualified employees and/or topping-up JobKeeper payments through STP (Single Touch Payroll). Employers need to inform the ATO for every employee that qualifies: when a qualified employee...
Free Download: 2021 Financial Year Tax Calendar
Need a Tax Calendar to help you keep track of tax deadlines and meet other tax compliance obligations for the next Financial Year? Get your FREE Tax Calendar for 2021 Financial Year here! This Tax Calendar highlights important dates that are applicable for the...
Income Tax Return Assistance
Preparation and lodgement of Income Tax Returns and Financial Statements take some form of urgency with the conclusion of the Financial Year. To help assist you with gathering the necessary documents and information, we have created a tailored checklist for your...
3 Smart Ways To Manage Personal and Business Cash Flow
Managing your personal or business cash flow is the cornerstone of any financial plan. Even without COVID-19, poor cash flow management can lead to expensive failure not just in business but also in your personal wealth creation journey. Now that we’re all facing...
ASIC Company Fees From 1 July 2020
Each year, ASIC Company Fees, consistent with the value of Consumer Price Index (CPI), increase effective 1 July. This year, the ASIC has advised of the increase. Below is the comparison of current ASIC Company Fees and the fees that will apply from 1 July 2020. ASIC...
Fringe Benefits Tax Exemptions
Fringe Benefits Tax exemptions are now available for Australian businesses affected by the COVID-19 pandemic. To provide certainty and relief to businesses at this time of pandemic, the Australian Taxation Office (ATO) has introduced various tax measures, and of these...
