Compiled by our Tax Experts the NTAA Single Touch Payroll Update Employers with 19 or fewer employees are required to start reporting through Single Touch Payroll (‘STP’) from 1 July 2019. The ATO will be working with employers to support them as they transition to STP, including allowing small employers to start reporting any time […]
SUPERANNUATION
Practice Update: July 2018
Compiled by our tax experts the National Tax and Accountant Association (NTAA) Personal Income Tax Cuts passed! Parliament has passed the Government’s Personal Income Tax plan, meaning that the first stage of the proposed income tax cuts will start to take effect from 1 July 2018. According to the Prime Minister, taxes “will now be […]
Practice Update: June 2018
Compiled by our tax experts the National Tax and Accountant Association (NTAA) 2018 Budget Update The Government handed down the 2018/19 Federal Budget on Tuesday 8th May 2018. Some of the important proposals include: The introduction of the ‘Low and Middle Income Tax Offset’, a temporary non-refundable tax offset of up to $530 p.a. to […]
2018/19 Federal Budget Update
Compiled by our tax experts the National Tax and Accountant Association (NTAA) Please follow the link: Budget 2018-19 update NTAA
Superannuation – How much to pay?
Calculating how much to pay: To work out how much super you have to pay for each of your employees, multiply their ordinary time earnings for the quarter by 9.50%.