23 October 2019 If you own a private company, a common area of tax legislation that impacts shareholders and their associates is Division 7A of the Income Tax Act. A company is considered a separate legal entity. For this reason, the highest tax rate payable by a...
22 October 2019 If you’re an employer, it’s vital you understand your obligations when it comes to superannuation. As a general rule, if an employee earns $450 or more (before tax) in a calendar month, they are entitled to superannuation. Contractors may...
23 September 2019 Cryptocurrencies are currencies that exist only digitally. Rather than one central regulating authority recording all transactions and managing the issue of units, cryptocurrencies use a decentralised ledger known as blockchain technology to prevent...
17 September 2019 With the Single Touch Payroll (STP) compliance deadline fast approaching, the ATO is reminding business owners to get prepared. The September 30 deadline applies to businesses who employ 19 or less staff. Larger businesses have been using the system...
4 September 2019 New reporting technology is helping the ATO identify employers who fall behind on their superannuation guarantee payments. The introduction of Single Touch Payroll (STP) has opened a new level of transparency for both the employee and the Australian...
27 August 2019 According to a statement on the MYOB website, AccountEdge software is currently incompatible with the latest Mac operating system ‘Catalina’. This means that AccountEdge customers who update their MacOS to Catalina will be unable to use...
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