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Cryptocurrency: What is it and how is it taxed within Australia

Cryptocurrency: What is it and how is it taxed within Australia

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...
Single Touch Payroll Compliance Deadline

Single Touch Payroll Compliance Deadline

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...
ATO focusing on employers with late superannuation payments

ATO focusing on employers with late superannuation payments

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...
AccountEdge not compatible with new Mac OS Catalina

AccountEdge not compatible with new Mac OS Catalina

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...
Low/ Middle Income Tax Offset Clarification

Low/ Middle Income Tax Offset Clarification

26 August 2019 As many of you are aware, recent tax legislation passed through Parliament which resulted in the ‘Low and Middle Income Tax Offset’ or commonly referred to as LMITO. Taxpayers have been expecting this small cash injection from the Australian Taxation...
Travel expense claims for small businesses

Travel expense claims for small businesses

19 August 2019 Tax time tips: the ins and outs of business related travel expense claims. If you operate a small business, chances are you’ve incurred travel expenses as part of your day to day business activities. In most cases, these expenses will be tax...