by Val Tse | Apr 2, 2020 | Business
We will regularly update this post with relevant external documents and links for your interest. JobKeeper payment Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a subsidy from the Government to continue paying their...
by Val Tse | Jun 4, 2019 | ATO, Business
Single Touch Payroll (STP) is a Federal Government regulation that changes when and how businesses report payroll activity to the Australian Taxation Office (ATO). It requires businesses to report payments such as salaries and wages, pay-as-you-go (PAYG) withholding...
by Val Tse | May 1, 2019 | Business, Director Penalty Notice
Being a director of a company, as with any elevation of status, is a role that also brings with it added responsibilities and duties. Company directors need to keep in mind that the Corporations Act holds directors personally liable for many of the legal and financial...
by Val Tse | May 1, 2019 | Business, GST
Tax invoices are an essential element of Australia’s taxation system, and serve both to collect taxation revenue related to the goods and services on which GST is levied as well as record the credits that are claimable by eligible businesses. A business registered for...
by Val Tse | May 1, 2019 | Business, FBT
One of the recognised keys to business success is having knowledgeable, efficient and well-trained staff. But it is not always possible (or is indeed rare) to have potential staff walk in off the street who are a 100% perfect fit. People employed at any business will...
by Val Tse | May 1, 2019 | Business, Single Touch Payroll
A major change in the way employers report the tax and super information for their employees to the ATO has been on the way for a while now. The single touch payroll (STP) system started to be rolled out gradually from 1 July 2018 for what the ATO refers to as...