AUTHOR: PATRICIA GLENN... For those of you who are in Building Services the Taxable Payments Annual Report is required to be lodged each year with the Tax Office. The report shows details of any contractors you paid during the year and
Proposed changes will streamline the way employers report some tax and information to the ATO. When employers pay their staff, the employee’s salary or wages and PÄYG withholding amounts will be automatically reported to the ATO. Employers will
From 1 July 2017, the Government is enhancing the integrity of the tax system by allowing the ATO to disclose to credit reporting bureaus the tax debt information of businesses who have not effectively engaged with the ATO to manage these debts.
A common error that has surfaced when reviewing wages processed after 1st October 2016 is not allowing for the change in PAYG tax for employees from 1st October 2016 when paying regular net amounts to employees. We have noticed this has shown up