The ATO is ramping up their debt recovery action across the board for individuals as well as companies. It is crucial to keep all lodgements up to date even if the resulting debt can’t be paid straight away.
From 1 July 2022, two important super guarantee (SG) changes will apply to your business: here’s what you need to do.
With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June 2022 to reduce your tax and grow your wealth.
To help you gain a better understanding of the government stimulus measures that you may be able to access, we have summarised the key developments as they stand so far.
Are you meeting your Pay As You Go (PAYG) Withholding obligations? If you are running a business, you can no longer claim deductions for payments to employees or workers if you have not met your PAYG obligations. This applies to tax returns lodged for the 2020 year onwards
Don’t lose your tax deduction for your employee or contractor payments. Do lodge your BAS on time and lodge your STP events every time you pay wages and withhold the correct amounts from your payments to employees and subcontractors. Read why.
Read why, from 1 July 2019, if you don’t meet your PAYG withholding obligations for your workers, by not deducting tax from their payments and not reporting it to the ATO, you could lose your deduction.
As this year is a leap year, some of you might receive an extra pay period. If you are paid weekly or fortnightly then the number of fortnightly pay periods could be 27, instead of the usual 26, and the number of weekly pays could… Read More >>
As part of the MyGov initiative the Australian Taxation Office is making more services available online. This means that important tax information will be sent to you electronically via MyGov instead of by mail to our office. If you have a MyGov account linked to… Read More >>