Author Archives for wybenga_admin

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.


Big fines, prison on the cards as new SG penalties introduced

March 28, 2019 12:00 am Published by Comments Off on Big fines, prison on the cards as new SG penalties introduced

New laws introducing penalties, including imprisonment up to 12 months, for non-compliance of superannuation guarantee obligations have since passed, with accountants urged to bring clients up to speed.


Who wins dispute about taxable income?

March 9, 2019 12:00 am Published by Comments Off on Who wins dispute about taxable income?

The Administrative Appeals Tribunal (AAT) has affirmed the ATO’s decision, based on the taxpayers modest income when compared with a high volume of money passing through various accounts.