Hiring a working holiday maker?
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.
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Meet PAYG Withholding Obligations or lose tax deduction
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
Home expense payment fringe benefits
Paying your employee’s home phone or internet? Check if doing so may result in an expense payment fringe benefit.
Important End of Financial Year Actions
Another financial has finished! As a business or farm owner, there are many obligations you need to consider and action just before and after 30 June.
No tax deductions for unmet tax obligations
To ensure that you don’t lose your tax deduction for your employee or contractor payments, lodge your BAS on time, lodge your STP events every time you pay wages and withhold the correct amounts from your payments to employees and subcontractors. Read why.
Qld Back to Work programs
Support payments of up to $20,000 are available for eligible employers who hire eligible unemployed jobseekers in Queensland.
New Minimum Wage announced
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.
Personal Tax Planning Guide
Minimise your personal tax with our tax planning guide. Now’s the time to review what strategies you can use to minimise your tax before 30 June 2019.