All Posts
payroll officer

Why is a qualified payroll officer important in 2020?

February 24, 2020

Properly trained payroll staff who are able to process payroll and comply with the latest legislation, rates and rulings are critical for business compliance and success. Why are businesses are looking for specialised skills in payroll? With regular announcements of underpayment of staff in the news recently from big businesses including Coles, ABC and high […]

Read More

Bookkeepers are you up to date on all ATO changes that came into effect last year?

January 23, 2020

The ATO introduced a number of legislative changes last year that will impact many small business. Here is a quick summary of the areas that may affect your business or your clients. Payments to contractors The Taxable Payment reporting system has been extended. Originally applicable to the building and construction industry, it now includes businesses […]

Read More
single touch payroll

Single Touch Payroll and Christmas Closure

December 5, 2019

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) reporting or STP reporting on behalf of your […]

Read More
stp compliance

Single Touch Payroll non-compliance

November 5, 2019

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 that have not been completed correctly. Even […]

Read More
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.   […]

Read More
SG and salary sacrifice

Loophole to close around Super Guarantee contributions and salary sacrifice

August 6, 2019

Finally, it looks likely that a loophole that allows employers to count their employees salary sacrifice amount towards employer SG contributions, will be closed.   Currently, employers can reduce their mandated SG contributions by counting an employee’s voluntary super contributions through Salary Sacrifice.   The amendment to the law, which was first introduced in 2017 […]

Read More