STP and super payments

The roll-out of Single Touch Payroll (STP) has proved to be an interesting process!  For some, it just meant clicking another button or two within their payroll program. For others it meant changing the whole way they processed their payroll. It has also uncovered some interesting practices. We have been somewhat surprised to find that

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WorkCover remuneration certification

It may be time to complete your 2019 WorkCover remuneration certification. Large employers are required to submit early. Other employers have delayed lodgement dates. That said, it still may be in your interest to lodge soon.  This is particularly the case if your remuneration will be significantly less in 2019/20 than for 2018/19. You will

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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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