FBT year-end checklist
March 31 marks the end of the2021/2022 fringe benefits tax (FBT) yearwhich commenced 1 April 2021. It’s timenow for employers and their advisors toturn their attention to instances wherenon-cash benefits have been providedto employees, and also where privateexpenses...
MARCH 2022
On-boarding new employees With Australia now opening back up after the COVID restrictions, unemployment is tipped to fall to the lowest rate in just over 50 years – down to under 4%. If over the coming period you hire new staff, there are certain steps you should...
February 2022 Newsletter
Single Touch Payroll 2: The time has come In the May 2019 Federal Budget,the Government announced that Single Touch Payroll (STP) would be expanded to include additional information, building on the first stage of STP which was made compulsory for most employersfrom 1...
December 2021 Newsletter
Have you obtained your director ID? Make sure you do. The director identification number (director ID) regime is now in place with Australia’s newest company directors having to comply first. Director IDs are a unique 15-digit identifier that a director will apply for...
November 2021 Newsletter
New laws to improve the way super is divided in a divorce. A new law will level up the playing field for divorcing couples to ensure both partners have fair and equitable access to superannuation, particularly during acrimonious family court proceedings. CLICK HERE TO...
October 2021 Newsletter
Compensation payments: Avoiding contribution issues Superannuation fund trustees who receive compensation from financial institutions and insurance providers must consider how receipt of these payments may impact a member’s contribution caps. A superannuation fund may...
September 2021 Newsletter
On the road How to treat work-related travel and l giving away from home costs The ATO has released new guidance to help clarify the tax treatment of costs and allowances incurred when an employee travels or spends time living away from home- for work. CLICK HERE TO...
August 2021 Newsletter
What the new Your Future, Your Super means for you Recent legislative reforms to the superannuation arena are set to change the retirement savings landscape for many Australians. Click here to download
2021-2022 Lodgement rates and thresholds
To save you having to laboriously search for the right tax rate or relevant threshold, the essential information is right here in one place. 2021-22 Lodgement rates and thresholds
Update – E-invoicing for businesses
E-invoicing has many benefits for every business by simplifying and automating the exchange and processing of invoices. Benefits of E-invoicing include: Reduced payment times Less time and errors Reliable and secure Cost savings Connect once, trade with many...