Single Touch Payroll for P&Cs with paid employees If your P&C has paid employees, you will have to comply with planned tax reporting changes in 2019. The Australian Tax Office is planning to extend its Single Touch Payroll (STP) system (for employers to electronically report wages paid to their employees, tax withheld and superannuation accrued…
Are you being data smart with your smartphone? Recently, the new shiny iPhone XS and XR entered the market. For all the Apple lovers out there, this might mean being the first to wrap your hands around the irresistibly smooth all-glass design, or finally upgrading your old glitchy iPhone to the new model. If this…
What is accounts receivable and where can it go wrong? What is accounts receivable (or trade debtors)? Accounts receivable is the money you’re owed by customers. Once you send an invoice (or bill), it becomes part of your accounts receivable – until it’s paid. Accounts receivable is the name given to both the money that’s…
ATO takes its share of car sharing The extra income earned by people taking part in car-sharing services such as Car Next Door or DriveMyCar has come to the attention of the ATO. The car sharing services work by making private cars publicly available in a similar way to other car hire services – it’s…
Are you impacted by drought? Drought can put extra pressure on people and businesses. That’s why the ATO is making tax easier while times are tough. Help and support The ATO can help with: tailored payment plans with interest-free periods more time to pay your tax waiving penalties or interest you might incur during drought. Receiving…
