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 …
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 …
Important dates not to be missed. BAS Reconciliation and Common Issues All businesses registered for GST must lodge their Business Activity Statement (BAS) by 28 July 2019. If you have made quarterly BAS lodgements, this final lodgement should be easier and quicker to reconcile. However, make sure you take the following steps to avoid common …
It is always a rush to the end of the financial year and to help you, we have a few reminders so you don’t overlook any tasks. Taxable payments reporting Has your business made payments during the year to contractors for services? Is your business in one of the sectors that is required to …
Last month it was legislated that Single Touch Payroll (STP) will be extended to employers with 19 or fewer employees, starting from 1 July 2019. This means that no longer will any business be reporting their payroll activity once a year to the ATO, instead every business in Australia will need to send a report …
Legislation passes for Single Touch Payroll for all Australian businesses Read More »
Shutting down your business over Christmas Before you decide to shut down your business, you need to check that there is a term in your award or agreement that allows you to require your employees to take paid annual leave. If your award or agreement doesn’t let you require your employees to take paid leave, …