Summary of single touch payroll
What is single touch payroll and how will it affect your business? Single touch payroll is a new regulation that changes when and how small businesses report payroll activity to the Australian Tax Office (ATO). Businesses used to report this information to the ATO once a year. Now, they need to send a report after […]
Superannuation guarantee
Employer super quick check Paying super is an important part of being an employer. Super provides income for your workers in retirement. Here’s how to run a quick check of your super obligations to make sure you’ve got everything sorted: Check you’re paying super to all eligible workers. Some contractors may be entitled to super. […]
Taxable Payments Reporting System
Expansion of the TPRS The Taxable Payments Reporting System (TPRS) has been expanded to the cleaning and courier services industries from 1 July 2018. Businesses that have an ABN and make any payments to contractors for cleaning or courier services provided on behalf of the business must lodge a Taxable Payments Annual Report (TPAR) each […]
Electronic sales suppression tools
Ban on electronic sales suppression tools From 4 October 2018, the Government has banned activities involving electronic sales suppression tools (ESST) that relate to people or businesses that have Australian tax obligations. The production, supply, possession or use of an ESST (or knowingly assisting others to do so) may attract criminal and administrative penalties. ESSTs […]
Single Touch Payroll
Proposed expansion of STP to smaller employers Single Touch Payroll (‘STP’) commenced on 1 July 2018 for approximately 73,000 employers who have 20 or more employees. There is currently legislation before Parliament to expand STP to all employers from 1 July 2019 and it is estimated that there will be more than 700,000 employers who […]
Avoid 5 common GST reporting errors
ATO identifies five common errors when reporting GST Errors make up more than half of the overall corrections made to GST reporting. In most cases, the mistakes are due to a taxpayer error. With some simple checks, you can avoid these most common errors. When reporting GST: make sure the timing is correct, and report for […]
