Other STP tasks

Single Touch Payroll (STP) started for all non-large businesses two weeks ago.  So all business should by now be reporting wages at the time of payment. For some this has meant using a payroll software program for the first time.  This was the perfect opportunity to ensure that all other HR employment requirements had been

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Are STP extensions the answer?

Struggling with Single Touch Payroll (STP? Or have you yet to take action? There are two things you need to do:- Move to a payroll software solution. Tidy up your HR records. We can help you with both. So whilst there are extensions available, we recommend not relying on them – it just creates more

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STP starts next week!

Single Touch Payroll (STP) starts next week! From Monday 1st July all businesses will be required to report to the ATO each employee’s gross pay, tax and super no later than the day of payment. Whilst there are extensions available we generally recommend not using them as it only creates more work later – and

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$30000 asset write-off limit

So what if you want to buy an asset costing more than $30,000 (ex GST)? Well as a small business, you will be able to claim 15% depreciation on the cost of the asset.  So a $50,000 asset bought today will still generate a $7,500 tax deduction in the 2019 tax year (and $12,750 next

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Super contribution warning

A quick super contribution warning. In order to claim a tax deduction for a personal or employer super contribution, it must be paid by year end. This year is a bit of a trap with June 30 falling on a Sunday. Another trap is that I just read that the ATO’s own employer super clearing house

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Be ready for STP

Single Touch Payroll (STP) will be here in just 4 weeks! It is critical to use the month of June to prepare yourself.  Don’t fall for the trap of delaying and then finding you can’t meet your first pay run in July. Our clients will be receiving weekly STP reminders and action steps.  Please fill

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Single Touch Payroll webinar

Are you wondering what you should be doing in preparation of Single Touch Payroll? Do you know that from 1st July all employers in the country are required to report how much every employee will be paid, the PAYG WH tax thereon as well as what their super will be at the time of payment? 

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Improving cash flow

Want to improve your cash flow? Not much of a question really – of course you do. For some it is easy as making it easier for your customers.  For those providing a good or a service, it can be as easy as taking payment upon or before delivery.  And for some this can be

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Family Tax Benefit Part A

Those with family incomes under $53,728 receive the full amount of Family Tax Benefit Part A – that’s $4,753.84 for a child under 13, $6,184 for a child aged 13 to 15 as well as for those children aged 16 to 19 who met study requirements. That’s a lot of money.  In fact for a

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Single Touch Payroll

Single Touch Payroll will apply to all employers from 1st July 2019.  Whilst extensions have been offered we recommend not relying on them in the majority of cases as it will create more work later. There are a number of things to do and matters that as an employer you need to have in order

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