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MYOB AccountEdge Catalina Compatibility Update

MYOB AccountEdge Catalina Compatibility Update

21 January 2020 MYOB AccountEdge not compatible with Catalina MYOB announced last year that their AccountEdge product was not compatible with the latest version of Apple’s operating system, Catalina. They have now indicated that they are unable to find a suitable...
How to keep on top of Single Touch Payroll during the holidays

How to keep on top of Single Touch Payroll during the holidays

18 December 2019 The silly season is well and truly on its way! Many businesses close during the Christmas / New Year period which may be problematic when it comes to Single Touch Payroll reporting obligations. Luckily, the ATO understands there may be businesses...
ATO has power to disclose business tax debts

ATO has power to disclose business tax debts

9 December 2019 The ATO now has the power to disclose tax debt information of a business to registered credit reporting bureaus (CRBs). Businesses who are currently working with the ATO to manage their tax debts will not have their information reported on. The measure...
ATO to Cancel Inactive ABNs

ATO to Cancel Inactive ABNs

2 December 2019 The ATO is set to cancel inactive ABNs to ensure the integrity of information held on the Australian Business Register. To help the ATO determine if an ABN is inactive, they will be examining information gathered from tax returns and other lodgments,...
Avoid penalties by paying superannuation on time

Avoid penalties by paying superannuation on time

25 November 2019 It is vitally important that employers pay their superannuation guarantee obligations on time as even a marginal late payment of an employee’s superannuation can result in potential harsh penalties and interest amounts owing. For example, we have had...
How FBT may apply to the office Christmas Party

How FBT may apply to the office Christmas Party

25 November 2019 Fringe benefits tax (FBT) is a tax payable by employers for certain benefits that they provide to their employees (or an employees’ associate, such as a family member) in place of a salary or wage. FBT applies even if the benefit is provided by a...