The Australian Taxation Office (ATO) is using its Single Touch Payroll (STP) reporting system to enhance its monitoring, identification, and auditing of employers who are failing to pay their employees’ superannuation contributions. STP is an electronic reporting system that allows employers to report salary and wage information, payroll tax, and superannuation contributions to the ATO. […]
READ MOREThe recent boom in property prices has resulted in many property investors making large profits out of their property investments. These profits have encouraged property investors to think about how they can further expand their property holdings and profits, and for a lot of investors their thoughts turn to property development. Every property investor at […]
READ MOREIn the event of a divorce, determining the value of the asset pool is a major consideration. But have you considered the capital gains tax implications of a divorce settlement? More often than not, assets received as part of the property settlement will be capital assets, such as real property and shares. Generally when capital […]
READ MOREWould you like more time to focus on your business? More energy to expand your services and grow your team? Or maybe just more sleep? The question is, ‘can someone else do my bookkeeping better and faster than I can?’ Outsourcing has nothing to do with your ability to perform the function yourself. You outsource […]
READ MORE30 June is approaching fast. As always, at this time of the year timing is important and the time to act is now. Below is a guide on some of the main things to be aware of this tax time for yourself and your business. Our Top Tax Tips Pay June quarter employee super contributions […]
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