Download our latest issue of Your Knowledge to keep up with the latest business taxation news. Would you like to join our mailing list? Email us at [email protected] and you will receive our newsletter monthly direct to your inbox.
Single Touch Payroll Extended to all Employers...
From 1 July 2019, single touch payroll – the direct reporting of salary and wages,
PAYG withholding and superannuation contribution information to the ATO – will
apply to all employers. What employers need to report will also be extended to
include certain salary sacrificed amounts.
Legislation in Limbo...
A budget, an election and the legislation that hasn’t made it through.
With the focus of politicians firmly on the impending election and the asylum seeker debate, and the Government now in an untenable position following the loss of its majority in the lower house, tidying up outstanding business legislation was not the priority in February, and as a result, several key pieces of legislation are in limbo.
International Women's Day: Has anything changed?
In 2017, Australia was ranked 35th on a global index measuring gender equality,
slipping from a high point of 15th in 2006. While Australia scores very highly
in the area of educational attainment, there is still a lot of progress to be
made in the areas of economic participation and opportunity and political
empowerment.
Benefits during Emergencies Exempt from GST
If your business assists employees during an emergency, for example floods,
bushfires etc., then fringe benefits tax is unlikely to apply to the assistance
you provide. While we doubt anyone would be thinking about FBT during a crisis,
it’s good to know that the tax system does not disadvantage your generosity.
