INSIGHTS | NEWS

To assist customers with the impact of COVID-19, NSW Revenue have extended the due date for lodgment and payment of the 2021 Payroll Tax annual reconciliation to 30 August 2021.

As we are quickly approaching the end of financial year 30 June 2021, now is a good time to start tax preparation and have a look at both your expected taxable income for the current financial year..

On 1 July 2021, the Super Guarantee Rate will increase from 9.5% to 10%.  Make sure your Payroll and Accounting systems are updated to incorporate the increase to the Super rate.

A gentle reminder that the 2021 Fringe Benefits Tax (FBT) return is due for lodgment on 25 June 2021, if the return is lodged via PLS.

You might be able to claim a tax deduction for personal Superannuation Contributions that you made to your Super fund from your after tax income. 

There will be changes to Single Touch Payroll (STP) reporting for small employers with closely held payees and quarterly reporting for micro employers effective from 1 July 2021. This may affect how..

On Tuesday 11th May 2021, treasurer Josh Frydenberg delivered his third Federal Budget.  This Budget is all about how the Australian economy is bouncing back strongly, but it is also a big spending..

Entrepreneurs nearly all share one thing in common – they don’t seem to have enough time to do everything that needs to be done in a day.

It’s not always a matter of being inefficient, it’s just..

Having strong accounting systems and accurate financial records is extremely important for business success, especially for small-to-medium businesses (SMBs), and both should be maintained on a..

Many foreign companies that have decided to start a company in Australia in the last two years are growing steadily. In 2020 the Australian government instituted measures to protect businesses during..

Many businesses offer their employees fringe benefits but these perks come with their own set of rules and tax treatments. The Fringe Benefits Tax (FBT) year runs differently to the financial year,..

Millions of businesses around the world had to learn to adapt and reinvent themselves during the Covid pandemic. 2020 has been an incredibly challenging year, but many businesses readjusted to the..