Information for employers
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 […]
If you missed the 30 September Single Touch Payroll reporting date, it’s not too late!
If you already use accounting or payroll software, you need to check whether it offers STP reporting. If it does, you need to […]
Proposed Superannuation Guarantee amnesty
The SG charge includes a liability for the mandatory administration component of […]
Are you meeting your Pay As You Go (PAYG) Withholding obligations?
This applies to tax returns lodged for the 2020 year onwards.
The PAYG rules […]
STP deadline passes with an embarrassingly small percentage already compliant
While the initial deadline was 1 July 2019, the ATO provided a three month transition period for employers that needed more time.
SG amnesty idea re-surfaces, but with an extended period of application
The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019, […]
FBT exemption
However, some benefits are exempt from FBT or receive concessional treatment.
Taxi travel by an employee is an exempt benefit if the travel is a single trip beginning or ending at the employee’s place […]
Small businesses need to be ready for STP by 30 September
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 […]
Director penalty change strengthens SG rules
But there are also some tax obligations for PAYG withholding and superannuation guarantee charge payments, which are outlined under the ATO’s “director penalty […]
Do you have a legal expense?
When a legal expense is incurred in relation to the operation of a business to produce assessable income, it is generally allowable as a deduction. Exceptions are when the legal fee is capital, domestic or private in nature, if it is specifically excluded by another […]