WHAT? Single Touch Payroll (STP) reports wages tax and super from a payroll or accounting software to the Australian Tax Office (ATO). ATO systems will match the STP information to employer and employee records. Wages are reported at each pay
Are you paying your employees correctly?
The Fair Work Ombudsman (FWO) has commenced the first legal action utilising new reverse onus of proof laws that require employers to disprove underpayment allegations in Court when they have failed to keep adequate time and wages records or issue
FBT and expensive cars
What you need to know if you purchase a car for more than $57,581: Any business owners looking at purchasing a new car that costs more than $57,581 need to be aware of the tax implications. Special rules apply for cars with a value exceeding the
Single touch payroll
Legislation has now passed through parliament for the extension of Single Touch Payroll to include employers with under 19 employees. This will mean that from July 1 2019 all employers will be required to use software that reports their payroll
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