Reminder – Taxable Payments Annual Report (TPAR) Due Soon
The Taxable Payments Annual Report for the 2019/20 financial year is due on 28th August 2020.
Insights.
Is your business COVID19 ready?
What possible risks could COVID 19 have on your business and how do you prepare for them?
Government’s $66 billion 2nd round of stimulus measures to keep businesses afloat
For any discretionary trust that holds residential land in NSW, 31 December 2019 is a critical date for reviewing and potentially amending your Trust Deed.
ATO Administration Relief
For any discretionary trust that holds residential land in NSW, 31 December 2019 is a critical date for reviewing and potentially amending your Trust Deed.
Superannuation payment deadline to ensure a tax deduction this financial year
To be eligible to claim a tax deduction for employee Superannuation Guarantee Contributions (SGC) for this financial year, your employee’s superannuation fund must have received and processed any payments made by you on or before 30 June 2019.
Single Touch Payroll (STP) deadline of 1 July 2019 is fast approaching!
Single Touch Payroll (STP) starts from 1 July 2019 for all employers with 19 or less employees. Employers with 20 or more employees needed to start reporting from 1 July 2018, unless covered by a deferral.
The Major Parties’ Superannuation and Tax Policies
The federal election has been called for May 18 and both major parties have outlined their superannuation and tax policies. With the federal election only weeks away many of our clients have been asking what the major political parties’ policies are that may impact their SMSF, individual taxation circumstances or personal investments.
ATO Position on Superannuation and Annual Leave Loading
The Australian Taxation Office (ATO) has provided clarification on whether or not compulsory superannuation is required to be paid on annual leave loading.
Update on the ALP’s Franking Credit Policy
In March 2018, the Australian Labor Party (ALP) announced a policy to remove franking credit refunds. If the ALP wins the next federal election, and the policy passes both Houses of Parliament, the commencement date for these changes will likely be 1 July 2019.
Event-Based Reporting for SMSFs
Self-managed super funds (SMSFs) have new event-based reporting obligations from 1 July 2018 due to the transfer balance cap measures and event-based reporting framework.