Today the Prime Minister together with the Treasurer announced a new JobKeeper package which will be paid to employers from May 1st to assist in supplementing employee wage payments.
Author Archives: iqaccountants
BYE BYE AUSKEY
If you currently use an AUSKEY to access the business portal then from tomorrow evening, you will be unable to log in. We explain the the change and how to apply for the new myGovID.
March 22nd 2020 – Government Stimulus announcement details
On March 22nd, the Prime Minister and Treasurer announced the 2nd round of government stimulus which provides more than $66b in COVID-19 economic support. Here’s my take on it.
COVID-19 >< $$$$
So I know we aren’t supposed to be in panic mode but the announcements from the governments stimulus package yesterday sent me into a mild panic attack. I’ve been fairly level headed about the whole situation, even attending a large event in Sydney last week but after the announcement yesterday I couldn’t help but thinkContinue reading “COVID-19 >< $$$$”
SUPER Good News
This week the governments superannuation amnesty bill was waved through the Senate. It took almost two years but it finally happened and for clients with outstanding superannuation – this is definately good news. In basic terms, the bill allows an “amnesty” for employers to pay superannuation that hasn’t been paid before and make up forContinue reading “SUPER Good News”
The busyness of being in business
Being in business is a never ending cycle of lists and checkboxes, making sure we stay up to date on the various deadlines that we need to adhere to and those that we self impose. It’s easy to become overwhelmed in the busyness of business. As we near the end of another financial quarter, there’sContinue reading “The busyness of being in business”
2020 FY
I am so excited to finally be able to say that we are now in the 2020 financial year. I am being totally dorky but 2020 just sounds so cool to me…….people who have 2020 vision have perfect vision and in my mind – this financial year is going to be an amazing one. ButContinue reading “2020 FY”
Single Touch Payroll – the time is now
The government in mid-February 2019 legislated to include Single Touch Payroll reporting to the ATO for all employers with less than 20 employees. So, what is Single Touch Payroll? Single Touch Payroll (STP) is effectively payroll in real time, in that, every time an employer pays an employee, all pay information is sent to theContinue reading “Single Touch Payroll – the time is now”
Budget Love
There’s a buzz in the air right now – it’s a busy time….on top of the usual May due dates that are quickly approaching, I’ve been travelling a bit lately, am Sydney boundwith the IQ team this weekend and head overseas next week. And then – to top it off – there was the BUDGETContinue reading “Budget Love”
Single Touch Payroll – Act Now
Single Touch Payroll (STP) is a change to the way employers report their employees tax and superannuation information to the ATO and is done electronically through your accounting or payroll software. The information is sent directly from the software to the ATO. All employers need to ensure that they are compliant by July 1st. EmployersContinue reading “Single Touch Payroll – Act Now”
