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Single Touch Payroll: what you need to know

By WSC Group | Created on July 1, 2018

Single Touch Payroll (STP) – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – comes into effect from 1 July 2018.

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Will your business be audited?

By WSC Group | Created on March 7, 2018

How the ATO identifies audit targets

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The ATO’s FBT Hot Spots

By WSC Group | Created on March 7, 2018

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the key hot spots for employers and employees. **

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Uber driver not an employee

By WSC Group | Created on March 7, 2018

In a recent case, an Uber driver's access to the Uber app had  been terminated as a result of failing to maintain an adequate overall rating.

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Government to fix a problem with reversionary TRISs 

By WSC Group | Created on March 7, 2018

The government has released draft legislation to ensure that a reversionary Transition to Retirement Income Stream (‘TRIS’) will always be allowed to automatically transfer to eligible dependantsThe government has released draft legislation to ensure that a reversionary Transition to Retirement Income Stream (‘TRIS’) will always be allowed to automatically transfer to eligible dependants

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Guide to the new Small Business Super Clearing House

By WSC Group | Created on March 7, 2018

The Small Business Superannuation Clearing House (SBSCH) joined the ATO's online services on 26 February 2018. The Small Business Superannuation Clearing House (SBSCH) joined the ATO's online services on 26 February 2018. 

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Power And Influence

By WSC Group | Created on March 7, 2018

The other business influencer that can make or break youThe other business influencer that can make or break you

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New small business benchmarks are available

By WSC Group | Created on March 7, 2018

The ATO has updated its small business benchmarks with the latest data from the 2015/16 financial year.The ATO has updated its small business benchmarks with the latest data from the 2015/16 financial year.

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Big changes proposed to eligibility for the CGT SBCs

By WSC Group | Created on March 7, 2018

The Treasurer has released draft legislation containing new "integrity improvements" to the CGT small business concessions ('SBCs') (i.e., including the 15-year exemption, the retirement exemption.

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Taxpayer can't explain where she got the money to pay her expenses 

By WSC Group | Created on March 7, 2018

The Administrative Appeals Tribunal has upheld amended assessments issued by the ATO to a beauty technician, based on the high volume of money passing through the taxpayer's various accounts when compared with the modest income she had included in her tax returns.

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