Employers should take note of the new rules that became law on 28 October 2019, regarding the application of compulsory superannuation guarantee to salary sacrificed superannuation amounts.
Close enough is not good enough. This case shows how pedantic the ATO – and AAT – will (and can) interpret the rules re a valid log book. Get some dates wrong and double up some odometer readings and it is not a valid logbook.
Read how BP has partnered with Xero Connect in Australia to enable business customers to automate the entry of monthly invoices related to fuel expenses into Xero.
Cloud accounting technology is exciting for Renae, from mobile accessibility to intuitive learning and new features being added all the time. Working alongside Cameron Sorley in Toowoomba, cloud accounting is the predominant tool Renae reaches for when processing tax returns and doing BAS.
If your new employee has ticked the box at Question 8 on their Tax file Number declaration to declare they’re a ‘working holiday maker’ read what you need to do.
Are you meeting your PAYG Withholding obligations? If you are running a business, you can no longer claim deductions for payments to employees or workers if you have not met your PAYG obligations. This applies to tax returns lodged for the 2020 year onwards
Paying your employee’s home phone or internet? Check if doing so may result in an expense payment fringe benefit.
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.
