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Home » Updated Single Touch Payroll (STP) Phase 2 now in all Payroll Learning Materials Applied Education courses now include the latest on STP Phase 2. Read about it below Single Touch Payroll (STP) is a government initiative that requires businesses to digitally report employee payroll information to the ATO each time they run a […]
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Home » 2020-21 Personal – ATO Payroll Process Requirement Updates for All Businesses. ATO Payroll process Updates After a shaky year due to the pandemic causing a full scale economic catastrophe globally, the Australian Government is slowly making the necessary adjustments to follow suit. These updates will reflect on processes applicable to tax cuts. Starting […]
Read MoreHome » 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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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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This review has recently released its discussion paper before recommendations are made to the Government later in the year. One of the consultation points is “Should the primary educational qualification for a BAS agent be increased to a diploma level qualification?” The views of TPB are that amendments to lift educational standards […]
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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 […]
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