Source: ATO – Changes to deductions for non-compliant payments to workers The rules for claiming deductions for payments to workers are changing. From 1 July 2019, you can only claim deductions for payments made to your workers where you have met the pay as you go (PAYG) withholding obligation for that payment. This change is part […]

Source: The Quinn Group 23 January 2019 Fringe benefits tax (FBT) is tax employers pay on certain benefits they provide to their employees – including their employees’ family or other associates. The benefit may be in addition to, or part of, their salary package. Generally, a fringe benefit arises where an employer makes a vehicle

Source: Mybusiness 23 January 2019 Refunds worth up to hundreds of dollars are being left unclaimed by NBN customers after the competition regulator intervened over misleading advertising on internet speeds. The ACCC has urged NBN customers who are experiencing slow internet connections to reach out to their internet provider, as they may be entitled to have some

If you have less than 20 employees it may be worth looking at using Wave Accounting (free) for your bookkeeping and using Keypay for your online payroll and Single Touch Payroll (ATO) obligations. As at 22 January 2019 the pricing for Keypay is $4 per active (being paid) employee per month. If more than 20 employees it

Source: Xero Small Business Guide Summary of single touch payroll Single touch payroll is a new regulation that changes when and how small businesses report payroll activity to the Australian Tax Office (ATO). Businesses used to report this information to the ATO once a year. Now, they need to send a report after each payday.

Source: smallbizdaily By Rieva Lesonsky Some small business owners love going over their books — after all, it’s their personal scorecard of how well the business is doing. Others dread dealing with numbers or get so caught up in day-to-day operations that they neglect their bookkeeping. Whether you love it or hate it, good bookkeeping is