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What’s changing on 1 July 2018?

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.

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When can you take your super?

By WSC Group | Created on July 17, 2018

The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash.

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$20k accelerated deductions for small business extended another year

By WSC Group | Created on July 17, 2018

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.

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ATO scrutinising car claims this tax time

By WSC Group | Created on July 17, 2018

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.

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New minimum pay rates from 1 July 2018

By WSC Group | Created on July 17, 2018

The Fair Work Ombudsman’s online Pay Calculator can help you determine the right rates to apply.

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Who gets a tax cut from 1 July?

By WSC Group | Created on July 17, 2018

1 July 2018 is the start date for the seven year income tax plan announced in the recent 2018-19 Federal Budget.

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ATO putting clothing claims through the wringer

By WSC Group | Created on July 17, 2018

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".

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$10k limit on cash payments to business

By WSC Group | Created on July 17, 2018

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.

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One-off Super Guarantee Amnesty

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.

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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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