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single touch payroll

Single Touch Payroll and Christmas Closure

December 5, 2019

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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avoid cashflow stress

Urgent: SME’s need to prepare now for a quiet summer period

October 24, 2019

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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nautural disasters and ato support

Natural disasters – when your tax obligations are not top of mind

October 15, 2019

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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payments to IT contractors

Taxable Payments Annual Report (TPAR) now extends to security, surveillance, freight and IT industries

September 24, 2019

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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fbt changes for taxis

FBT for taxis may soon include Uber and others

September 18, 2019

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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STP deadline looms

STP transition period for small businesses ends soon

September 12, 2019

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.   […]

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