From 1 July 2022, employers will be required to make super guarantee contributions to their eligible employee’s super fund regardless of how much the employee is paid. Employees must still satisfy other super guarantee eligibility requirements.
You have plenty of time to apply for the ID with current directors needing to apply by 30 November 2022. So don’t stress, you still have 10 months to apply! What is a Director ID? A Director ID is a unique (15-digit) identifier that a director will keep forever (even if they cease being a director). […]
In the 2019–20 Budget, the Government announced that Single Touch Payroll (STP) would be expanded to include additional information. The expansion of STP, also known as STP Phase 2, will reduce reporting burden for employers who need to report information about their employees to multiple government agencies. It will also help Services Australia’s customers, who may […]
On 6 October 2020, the Australian Government introduced personal income tax cuts as part of the 2020–21 Budget
National Bandanna Day Buy a Bandanna today and help cancer victims!
Are you a small business with one 4 or less employees? If you use a BAS agent for Single Touch Payroll, you can receive the Quarterly exemption on lodging your single touch and report the same time as your BAS is due. Need more information, give us a call
Paying superannuation to your employees is an important part of being an employer. If you miss a payment, super guarantee charge (SGC) may apply, and you will need to lodge an SGC statement the following month.
The Australian Taxation Office (ATO) is warning taxpayers to be alert for scammers impersonating the ATO, as they change tactics in 2019. see the link below for more information from the ATO https://www.ato.gov.au/Media-centre/Media-releases/New-year,-new-scam/
Key BAS due dates for your calendar Quarterly reporting Due date for each quarter Quarter Due date 1 – July, August and September 28 October 2 – October, November and December 28 February 3 – January, February and March 28 April 4 – April, May and June 28 July What happens if I don’t lodge my BAS on time? […]
If you’ve been following the news, you may know that Australian lawmakers are poised to require that all employers use Single Touch Payroll starting in July. Even micro-businesses – those with one to four staff – will be required to electronically lodge every pay run with the ATO. click the link to find out more. […]
