Posts

New Superannuation Personal Liability Regime

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Before You Become a Director

If you are about to become a company director, check for any unpaid or unreported PAYG withholding or SGC liabilities.

If you become a company director and the company has outstanding PAYG withholding and SGC obligations, you will become personally liable for a penalty equal to these amounts (these are […]

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Tax deductible ‘non-compliant’ payments

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Tax deductibility of ‘non-compliant’ payments about to get the chop

From 1 July 2019, businesses will only be able to claim deductions for payments that are made to workers (employees or contractors) when the employer has complied with the pay-as-you-go (PAYG) withholding and other tax reporting obligations for that payment.

If the PAYG withholding rules require a […]

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No tax deductions if you don’t meet tax obligations

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Big Tax Changes: No tax deductions if you don’t meet your tax obligations

There’s recently been a big tax law change that may reduce the tax deductions for many businesses across Australia.

This may happen if you:

Don’t lodge your BAS on time; or Don’t lodge your payroll each week using Single Touch Payroll […]

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Important End of Financial Year Actions for You

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EOFY reminders – annual tax returns

Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and after 30 June.

Some of these will help to minimise your tax. Others will reduce your exposure to an ATO tax audit. We have […]

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New Minimum Wage rate announced

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New Minimum Wage rate from 1 July

The Minimum Wage Panel on 30 May 2019 handed down its minimum wage decision for 2019.

From the first pay period commencing on or after 1 July 2019, the National Minimum Wage will increase to $740.80 per week, or $19.49 per hour.

What this means for you:

Employers […]

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