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
ATO Credit Blacklist
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.
Change in PAYG withholding rates & the processing of wages
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
Xero Tip – Transferring between bank and credit card accounts
If you transfer amounts from and to the bank accounts that download into Xero care should be taken to make sure that the transaction is taken up correctly. By using the transfer tab when processing the reconciliation of the transaction and
