Tax Tips
The ATO has reminded employers that legislation has been passed to extend Single Touch Payroll (‘STP’) to include all employers from 1 July 2019. This will be a gradual start, and not all employers will start reporting at the same time.
With the federal election just around the corner, the recent Federal Budget’s proposed changes are by no means certain, but we assume they will be if the incumbent government is re-elected.
We hope you have had a Merry Christmas and Happy New Year and were able to enjoy some well deserved down time with family and friends. As the batteries start to recharge and you start thinking about the year ahead, why not kick off the New Year in the best way possible by creating a budget for the coming year!
Small business owners and accountants are spoilt for choice when it comes to accounting software with all the major vendors running cloud-based computing services. It's never been easier to manage and get information on your business and allow you to focus on what you do best - serving the customer.
Before selling any property over $750,000, Australian residents need to obtain an ATO Clearance Certificate (ACC). If you do not obtain an ACC then up to 12.5% of the settlement price will be paid to the ATO.