9 July 2019 The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses warning that it is closely reviewing claims. “Last year around 6 million people claimed work-related clothing and laundry expenses, with total claims adding up to nearly...
8 July 2019 On July 1, Single Touch Payroll (STP) became mandatory for all employers. What do you need to know? STP requires you to have your payroll transaction data transferred to the ATO each time your employees are paid. This may require you to use a software...
25 June 2019 Work-related car expenses will be on the ATO radar this tax time. According to the ATO, over 3.6 million people claimed work-related car expenses last year (17-18), equating to more than $7.2 billion dollars worth of claims. Assistant Commissioner Karen...
21 June 2019 There’s recently been big tax law changes that may reduce the tax deductions for many businesses across Australia. This may happen if you: 1. Don’t lodge your BAS’s on time; or 2. Don’t lodge your payroll each week using Single Touch Payroll (STP); or 3....
15 June 2019 The Minimum Wage Panel on 30 May 2019 handed down its minimum wage decision for 2019. From the first pay period commencing on or after 1 July 2019, the National Minimum Wage will increase to $740.80 per week, or $19.49 per hour. What this may mean for...
28 May 2019 The federal election is over, and while the Coalition have promised company tax cuts and individual tax cuts, the majority of these are planned for a few years’ time. Here are 2 key areas that will affect you as a business owner in the short term. INSTANT...
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