ATO Reminder: Lodge Your TPAR
April 16, 2021
The Taxable Payments Annual Report (TPAR) was designed to supress, if not outright eliminate the “black economy” by requiring businesses providing various services to lodge a report containing details of payments made to contractors or subcontractors. This year, the ATO has identified around 60,000 businesses that have not compiled with Read More...
Tax Implications of Having More Than One Job
April 9, 2021
If you have more than one job, whether it be casual, contract or some other arrangement, you will need to be careful to avoid an end of financial year tax debt. The debt usually arises in situations where individuals with more than one job claim the tax-free threshold in relation Read More...
Increase in Statutory Demand Threshold for Debts?
April 2, 2021
If you run a small business or any business for that matter, you may be interested in the current government consultation to increase the statutory demand threshold for debts. Currently, the threshold at which a creditor company can make a formal request requiring a debtor company to pay a debt Read More...
STP Changes Coming For Small Employers
March 26, 2021
If you run a small business with payees that include family members in a family business or directors or shareholders of a company, chances are you’re not yet reporting payments through the Single Touch Payroll (STP) regime. Basically, STP works by sending tax and super information from your STP-enabled payroll Read More...
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