Xero has implemented changes in Payroll as the system was too convoluted. These changes took place on 18 August, 2014. Previously, after posting a pay run, you would create a draft bill, and then the bill would be processed at the
Are you Superstream Ready?
If you have 20 or more employees, SuperStream starts on 1 July 2014 however, the ATO will provide flexibility with your start-up date. If you have 19 or fewer employees, SuperStream applies from 1 July 2015, with flexibility. If you are a small
Super Fund Penalties
Trustees Be Aware... From 1 July 2014 the ATO now has new more flexible powers to deal with contraventions made by SMSF trustees. These new laws make trustees more accountable for any breaches in super law, and cover: Administrative
Tax Changes in Limbo
Legislation has been introduced into parliament as part of the “Mining Tax Repeal Bill” that from 1 January 2014 the immediate tax deduction for an individual asset costing less than $6,500 ex GST will be reduced to $1,000. Also applicable from 1
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