If you or your clients are affected by a natural disaster such as a bush fire, flood, storm or cyclone the ATO allows for deferrals of tax obligations so that more immediate problems can be dealt with. Depending on the disaster, the ATO may automatically make deferral periods or provide individual support based on […]
Natural disasters – when your tax obligations are not top of mind Read More »
Do your clients pay cleaning, IT, or freights contractors as part of their business? These and other contractor industries are now included in the Taxable Payment Annual Report (TPAR). As part of the ATO’s Black Economy Taskforce it was announced that the TPAR would be extended to more industries requiring payments to contractors to be
TPB cracking down on Tax Agents The Tax Practitioners Board have confirmed that they will be closely reviewing Annual Declarations and have recently suspended six Tax Practitioners for failing to lodge their Annual Declaration on time. Do you know when your Annual Declaration is due? Despite being busy supporting their clients and ensuring that their
TPB cracking down on Tax Agents Read More »
Finally, it looks like there will be a change to the Fringe Benefit Tax (FBT) relating to taxis. There has been confusion and frustration over whether employers are entitled to the FBT exemptions available to taxis when they use an Uber and similar ride-sourcing services. The ATO had previously confirmed that “taxi” only referred to
FBT for taxis may soon include Uber and others Read More »
From 1 July 2019, Single Touch Payroll was introduced for all businesses including those with 19 or fewer employees. However, to support small businesses the ATO had allowed a transition period of three months to start reporting or to apply for additional time. This transition period will end on 30 September 2019.
STP transition period for small businesses ends soon Read More »
Delay your Mac upgrade! Apple are releasing a new operating system, Catalina, for Macs. The release date is not confirmed yet, but it could be as early as mid-September 2019. However MYOB have announced that AccountEdge v18.5, or earlier, will not run on this operating system. MYOB advises that you turn off automatic
Important news for users of MYOB AccountEdge Read More »