An article published by BDO Australia discusses the importance of reviewing payroll provider services with a particular focus on tax obligations. The article states that where a business employs staff, that business has the obligation to ensure the tax withheld from employees’ wages is remitted to the Australian Taxation Office (ATO). Under some arrangements payroll […]
An article published by the Institute of Public Accountants has drawn attention to the government’s recently introduced Notifiable Data Breach scheme, stating it will have big consequences on small businesses and accountants. The passage of the Privacy Amendment (Notifiable Data Breaches) Bill 2016 – to commence on 22 February 2018 – will require the mandatory […]
An article published by Accountants Daily indicates that demand for tax agent services is still remaining strong. The key points in the article are: In 2014-15 nearly 74% of individuals were still using tax agents. Usage of the ATO’s MyTax is not increasing as much as expected. Claims for negative gearing are down on previous […]
Balance Sheet Basics. Understanding the difference between Assets, Liabilities and Equity. Applied Education Online Learning.
How to setup long service leave in accounting software. By Brett Thornett from Applied Education Online Learning.
The Tax Office has developed a fillable TFN (Tax File Number) declaration form which is available on their website. This means you will no longer need to order the form and wait for it to be posted to you. All you need to do is download it from the ATO website. https://www.ato.gov.au/forms/tfn-declaration/ Once it is […]
Learn more about Payroll and Taxation with Applied Education An article published by Poli Legal highlights the tax issues employers may face when engaging the services of contractors. The key issues that need to be considered are; The employer may be required to pay PAYG amounts to the […]
Live Online Classroom has started for Certificate IV in Bookkeeping and Accounting. Our first class was on Wednesday this week and Lorraine did an awesome job with lots of student participation from all over Australia. It’s not too late to join – See our website for more details https://www.appliededucation.edu.au/…/classroom-live-online…
TPB reminds financial planners and advisers – time is running out for transitional registration An article published by the Tax Practitioners Board (TPB) has reminded financial planners and advisers who have not yet registered with the TPB that time is running out to take advantage of the transitional registration option which ends on 30 June. […]