Having the right technology can help you get new customers, upsell to existing ones, expand your offering and improve efficiency so you have time to focus on what matters. Here are some tips on the technology that will have an immediate effect on your business.
Read why employers can be caught out with penalties and charges if they misclassify their workers.
Reminder of the potential fringe benefits tax (FBT) implications for celebrating with employees this festive season. FBT obligations depend on the amount spent, when and where a party takes place, who attends and the value and type of gifts given.
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.
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.
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.
