Author Archives for wybenga_admin

Federal Budget 2019 – Overview

April 30, 2019 12:00 am Published by Comments Off on Federal Budget 2019 – Overview

The Government’s economic plan and this Budget are building a stronger economy and securing a better future for all Australians. This Budget and our economic plan are:

  • Returning the budget to surplus
  • Delivering more jobs
  • Providing lower taxes
  • Guaranteeing essential services like Medicare, schools, hospitals and roads

 


‘Big awareness push’ underway as STP deadline approaches

April 25, 2019 12:00 am Published by Comments Off on ‘Big awareness push’ underway as STP deadline approaches

Hundreds of thousands of businesses have been prompted by the ATO to get started with their Single Touch Payroll provisions, and its project lead at the tax office believes the business community is better prepared than it was for last year’s deadline.


The problem with getting to 53 years of age.

April 18, 2019 12:00 am Published by Comments Off on The problem with getting to 53 years of age.

Here's some food for thought and another reason why getting professional help from a financial planner is worth serious consideration.


New quarterly STP reporting method for closely held payees revealed

April 10, 2019 12:00 am Published by Comments Off on New quarterly STP reporting method for closely held payees revealed

The ATO has shed light on how employers will be able to report quarterly for closely held employees under the new single touch payroll regime, including the ability to make amendments before an extended finalisation due date.


Employers hit with rolling SG audits as ATO toughens stance

April 3, 2019 12:00 am Published by Comments Off on Employers hit with rolling SG audits as ATO toughens stance

Employers are increasingly being subjected to a rolling series of audits by the ATO where they slip behind on their SG obligations as the Tax Office now taking a harder line on non-compliance, warns a technical expert.


Resources to help understand and implement Single Touch Payroll (STP)

March 31, 2019 12:00 am Published by Comments Off on Resources to help understand and implement Single Touch Payroll (STP)

STP is a significant change for business tax compliance, though for now those businesses that need to make this charge have 20 or more employees.  Changes take effect on 1-7-2018, 12 months later for businesses with less than 20 employees.