From 1 July 2022, the $450 per month threshold for super guarantee eligibility will be removed. The change will expand the coverage of SG to eligible employees regardless of their monthly pay.
All directors of companies, registered Australian bodies, registered foreign companies or Aboriginal and Torres Strait Islander corporations will need a director ID number. Directors can apply for a director ID from November 2021 and Carrick Aland is here to help to make sure our clients get it right.
With EOFY fast approaching, it’s best to reach out to us sooner rather than later to talk through deducting your work-related expenses correctly, and any steps you need to be aware of before 30 June.
More than 60,000 businesses haven’t complied with lodgement requirements under the Taxable payments reporting system for 2019–20. The TPRS is a black economy measure that helps the ATO identify contractors who don’t report or under-report income.
How can tradespeople go about streamlining their business and help set themselves up for 2021 with success?
Online services for business has been co-designed with business and makes it easier for you to interact with the ATO online to manage your tax and super obligations.
When it comes to lodging your individual tax return, Carrick Aland notes the important distinction between taxable income and assessable income.
If you work as a sales professional, find out what you can claim as deductions for expenses incurred as an employee in real estate.
