Single Touch Payroll
From 1 July 2018, employers with 20 or more employees will need to start complying with Single Touch Payroll, which has been introduced by the ATO to streamline payroll reporting. What is Single Touch Payroll? When you complete your payroll, you will be reporting the payments made, tax withheld, allowances, deductions and super information for […]
Read moreZoning in on the temporary worker – what does it mean for you?
In today’s global economy, people working and studying overseas is commonplace. It’s so common that the Australian Financial Review recently reported that the Australian Taxation Office (ATO) are targeting more than 20 million international visa holders, foreign students and migration agents. So why is the ATO zoning in on temporary workers? Basically, it is due […]
Read moreThe importance of validating your deductions
The Australian Taxation Office (ATO) are continuing to invest more time in data matching and using the electronic resources they have available to confirm that tax declarations are valid. The importance of validating your tax deductions and having sufficient paperwork in place is becoming increasingly important. Nowadays, everything is filed electronically which means government agencies […]
Read moreThings to think about before becoming an Uber driver
Ever thought of being an Uber driver? An easy way to make some spare cash, right? Maybe, but there are a few tax considerations to keep in mind before you jump into business: GST Generally, there’s no need to register for GST when your annual business turnover will be less than $75K. But there are […]
Read moreBuying a Motor Vehicle – Business or Private?
We are often asked the question by business clients who are purchasing a vehicle, “Should I buy it in the business name or in my personal name?” There is no standard answer. It depends on the cost of the car, its operating costs and its usage. Here are a few points to bear in mind […]
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