Do you hire contractors?

When hiring workers, do you understand the difference between contractors and employees for tax and super purposes?

Getting it wrong compromises your ability to meet tax and super obligations, and can mean your workers miss out on employee entitlements.

If your business misclassifies workers, employers can also be caught out with penalties and charges.

Understand […]

Salary sacrificing super

Information for employers

An employee can ‘sacrifice’ part of their salary or wages into super contributions under an agreement with you.

You then pay the sacrificed amount to your employee’s super fund on their behalf.

There may be benefits to both of you in that:

for your employee salary sacrificing is a tax-effective way of […]

Missed the STP deadline?

If you missed the 30 September Single Touch Payroll reporting date, it’s not too late!

Make the move to STP and get started by following one of three pathways:

Start reporting now

If you already use accounting or payroll software, you need to check whether it offers STP reporting. If it does, you need to […]

Superannuation Guarantee amnesty reintroduced

Proposed Superannuation Guarantee amnesty

Under existing law, if you’ve missed a payment or haven’t paid an employee’s super on time, you are required to lodge a Super guarantee charge (SGC) statement and pay the super guarantee (SG) charge on any SG shortfall amounts.

The SG charge includes a liability for the mandatory administration component of […]

Don’t lose a tax deduction for non-compliant payments to employees

Are you meeting your Pay As You Go (PAYG) Withholding obligations?

If you are running a business, you can no longer claim deductions for payments to employees/workers if you have not met your Pay As You Go (PAYG) Withholding obligations.

This applies to tax returns lodged for the 2020 year onwards.

The PAYG rules […]

STP deadline now passed

STP deadline passes with an embarrassingly small percentage already compliant

The ATO has issued a reminder that the single touch payroll (STP) mandatory adoption deadline has passed.

While the initial deadline was 1 July 2019, the ATO provided a three month transition period for employers that needed more time.

This 30 September deadline has now […]

SG amnesty

SG amnesty idea re-surfaces, but with an extended period of application

Last year’s announcement of an amnesty for employers who come forward to correct underpayments of their super guarantee obligations has been resurrected in a new bill.

The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019, […]

STP for small business

Small businesses need to be ready for STP by 30 September

Reporting through Single Touch Payroll (STP) for small employers started on 1 July.

Your small business has until 30 September 2019 to take action. There is a range of resources available to help:

Introductory guide for small employers – to help small employers […]