Home » Archives for » Page 6 Single Touch Payroll is now in force for all businesses, and the ATO have started writing to non-compliant businesses. However if you or your clients have been contacted for non-compliance by the ATO, don’t panic yet. There may be some simple steps when sending or setting up files […]
Single Touch Payroll non-compliance Read More »
Don’t start 2020 on the back foot or worse, in debt. If your business will be closing for a period over Christmas and New Year and you expect slow sales in January, now is the time to review cashflow so that all financial obligations –including payroll, BAS, rent, utilities and creditors – can be met
Urgent: SME’s need to prepare now for a quiet summer period Read More »
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 »