Business & Tax Accounting | Personal Income Tax Lodgement | Self Managed Super Funds


‘Cash in hand’ payments to workers no longer tax deductible

‘Cash in hand’ payments to workers no longer tax deductible The ATO has reminded employers that any ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax deductible. ‘Cash in hand’ refers to cash payments to employees that do not comply with pay as you go (‘PAYG’) withholding obligations. Payments […]

Single Touch Payroll Update

Single Touch Payroll Update Employers with 19 or fewer employees are required to start reporting through Single Touch Payroll (‘STP’) from 1 July 2019. The ATO will be working with employers to support them as they transition to STP, including allowing small employers to start reporting any time from 1 July to 30 September (and […]

Federal Election Called!

Federal Election Called! Federal Election has been called for Saturday 18 May 2019, and the Governor-General has ‘prorouged’ the Parliament from 11 April, until May 2019, and dissolved the House of Representatives. The election will also be for half the Senate. As a result, all outstanding Bills have also lapsed (so any measures not yet […]

2017/18 Year-end Checklist for Business

Many of our business clients like to renew their tax position at the end of the income year and evaluate any year-end strategies that may be available to legitimately reduce their tax. Traditionally, year-end tax planning for small businesses is based around two simple concepts-ie. accelerating business deductions and deferring income. However, Small Business Entities […]

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