In its Budget reply speech, Labor has earmarked changes to the childcare subsidy should it win the next election which could occur as early as late 2021. As a part of its plan to get the economy back on track and women working more hours, Labor has proposed the removal of the annual cap of…
ATO will be paying close attention to taxpayers who have sold or transferred shares and the amount they are reporting as capital gains in their 2017-18 income tax returns. It notes that the share transactions data matching program is still running which will provide some pre-fill information on disposals. To ensure that you get your…
If you run a business, you’ve probably heard a lot about Single Touch Payroll (STP) recently, so what is it and how does it affect you? Basically, STP aligns your reporting obligations to the ATO to your payroll processes. Each pay cycle you send information to the ATO including employees’ salaries and wages, allowances, deductions,…
If you run a business, you’ve probably heard a lot about Single Touch Payroll (STP) recently, so what is it and how does it affect you? Basically, STP aligns your reporting obligations to the ATO to your payroll processes. Each pay cycle you send information to the ATO including employees’ salaries and wages, allowances, deductions,…
Peak business lobbies are urging both sides of politics to contemplate broadening the GST following the Treasurer’s release of a taxation discussion paper on Monday.
Peter Lewis from Essential Media might find it baffling that accountants are held in high regard, but the rest of Australia understands the value they add to their businesses and communities, writes Lee White.