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By WSC Group | Created on July 17, 2018
Single touch payroll is expected to be compulsory for businesses with 19 or less employees from 1 July 2019.
The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash.
The ability for small business entities to claim an immediate deduction for assets costing less than $20,000 has been extended for another 12 months until 30 June 2019.
The ATO has announced that it will be closely examining claims for work-related car expenses this tax time as part of a broader focus on work related expenses.
The Fair Work Ombudsman’s online Pay Calculator can help you determine the right rates to apply.
1 July 2018 is the start date for the seven year income tax plan announced in the recent 2018-19 Federal Budget.
A focus on work-related clothing and laundry expenses this Tax Time will see the ATO "more closely examine taxpayers whose clothing claims don’t suit them".
One of the interesting approaches to tackling the black economy in the recent 2018-19 Federal Budget was the announcement of a $10,000 limit on cash payments to business.
By WSC Group | Created on July 12, 2018
The ATO estimates that $2.85 billion is currently owed in late or missing SG payments.The ATO estimates that $2.85 billion is currently owed in late or missing SG payments.
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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