Budget time again? Yes! And there was alot in it for small business.
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”
Helen Kay, Director of Rise Legal shares her top 4 tips on How to Make Sure You Get Paid.
I would be completely lying if I said that this years budget didn’t sneak up on me. It’s OCTOBER! I was happily assessing clients for JobKeeper 2.0 eligibility – (and when I say happily I mean frantically) and suddenly it’s BUDGET NIGHT. Traditionally, this is one of my favourite nights of the year and withContinue reading
The SG Amnesty has given employers the opportunity to “fix up” any non payment or short fall payments of superannuation for their employees. However, time is almost up as we move quickly towards the 7th of September deadline.
In a welcomed break from Cashflow Boost, JobKeeper and other stimulus measures – I wanted to share the tools that we’ve been using at the IQ office to help make the work from home situation a little easier.
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.
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 >< $$$$”
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 (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”