Fringe Benefits Tax 2021

The fringe benefits tax year for 2021 ended on March 31st and we’ve put together some general information to assist you in understanding what this is about and how this may effect your business. Important FBT issues COVID-19 assistance and benefits Many businesses are likely to have provided different types of benefits and assistance toContinue reading “Fringe Benefits Tax 2021”

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”

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”