Bookkeeping & BAS
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Home » Is the work Christmas party subject to Fringe Benefits Tax? Christmas parties are a great way to thank staff and clients for their time and support over the year. If you are hosting a function for your clients that require your staff to attend, remind your staff that this is a work commitment, […]
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Home » Single Touch Payroll and Christmas Closure Are you shutting your business in December or January? Here is the latest announcement from the ATO on how a shutdown during the December and January holiday period affects STP. “We understand that many businesses close during December or January. If you are Single Touch Payroll (STP) […]
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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 […]
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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 […]
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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 […]
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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 […]
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