Latest Posts
FBT exemption for electric car Bill passed
December 2022The Government has advised that it has approved a FBT exemption for eligible cars made available for employees by employers.The measures will apply retrospectively to eligible cars first used on or after 1 July 2022.Eligible vehicles include:Battery electric vehiclesHydrogen fuel cell electric...
Director ID deadline effectively extended to 14 December
December 2022The Commissioner of Taxation has advised that the Australian Business Registry Services (ABRS) will apply a pragmatic compliance approach to directors who are required to apply for a director ID by 30 November 2022, if they apply by 14 December 2022. In particular, he said that the ABRS will not apply...
SUPER GUARANTEE CHANGES – WITH EFFECT FROM 1 JULY 2022
October 2022To avoid additional costs (including the superannuation guarantee charge), you must pay the right amount of super for all your eligible employees by the quarterly due date.Whether you are paying super weekly, monthly, or quarterly it is important to check that the super guarantee (SG) you pay takes...
TIME IS RUNNING OUT TO APPLY FOR A DIRECTOR IDENTIFICATION NUMBER (DIRECTOR ID)
September 2022You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID). It is a unique 15-digit identifier that directors apply for once and keep forever.The following provides some useful further information.As a director...
A Few Gentle Reminders from the ATO!
September 2022Businesses should be alert to three potential tax return trip-wires that could run it up against ATO compliance this year.Speaking on this week’s Accountants Daily podcast, Assistant Commissioner Mr Andrew Watson said the office was focusing on three areas when it came to business claims.The...
Domainname.com.au change!
September 2022Domainname.com.au change!Clients are reminded that, from 24 March 2022, anyone with a local connection to Australia (including businesses, associations and individuals) has been able to register a new category of domain name. These shorter simpler domain names end in .au rather than .com.au, .net.au,...
SME Newsletter
September 2019September 2019 Newsletter‘Cash in hand’ payments to workers no longer tax deductibleThe ATO has reminded employers that any ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax deductible.‘Cash in hand’ refers to cash payments to employees that do not comply...
SME Newsletter
June 2019SINGLE TOUCH PAYROLL UPDATEThe ATO has reminded employers that legislation has been passed to extend Single Touch Payroll ('STP') to include all employers from 1 July 2019.This will be a gradual start, and not all employers will start reporting at the same time.Most software providers are...
Resources to help understand and Implement Single Touch Payroll (STP)
March 2019Parliament has passed legislation to extend STP reporting to all employers from 1 July 2019Single Touch Payroll (STP) changes the way employers report their employees' tax and super information to us. Employers with 20 or more employeesSTP reporting started gradually on 1 July 2018 for...
Tax & Super Newsletter
February 2019ATO Data Matching: Share Transactions The ATO has extended its data matching program, this time focusing on share data.The latest data matching protocol will see the ATO continue to receive share data from ASIC, including details of the price, quantity and time of individual trades dating back...
