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The new Working Holiday Maker / Backpacker Tax There has been quite a bit of media coverage on the proposed ‘ backpacker tax ’, formally known as the ‘working holiday maker reform’ since the 2016 budget was introduced. Now that the backpacker tax has received royal assent what are the legislated changes and how willRead more

EMPLOYER OBLIGATIONS Employer obligations are an ongoing consideration for business owners and their employees – with ways to improve efficiency in meeting these obligations continuing to evolve. In regards to understanding your employer obligations and rights as an employee – I’ll briefly touch on what Australian law has put in place and how to properly manageRead more

WHAT ARE EMPLOYER OBLIGATIONS TO EMPLOYEES OR CONTRACTORS? Often we see employers who don’t issue their employees PAYG Payment summaries within the required time, lodge and pay their employees superannuation in time as well as other reportable employee and contractor obligations.  So what are employer obligations to employees or contractors? If you hire employees and/orRead more

Taxable payments reporting in the construction and building industry –  Businesses in the building and construction industry who pay contractors for constructions services must report the amount of payment to the ATO by 28th August each year. These taxable payments need to be reported on a specific form called a Taxable Payments Annual Report. The informationRead more

Tax and superannuation reporting obligations have just gotten easier and digital! What does this really mean, one might ask? On 28th December 2014 the Minister for Small Business, Bruce Billson MP, and the Assistant Treasurer, Josh Frydenberg MP announced the introduction of a ‘Single Touch Payroll’ system. Under this new interactive tool, accounting software willRead more

Another step towards simplifying payroll reporting obligations for your business As accountants and bookkeepers are well aware – many small businesses encounter the problems of correctly reporting payroll information to the Australian Taxation Office (ATO), which can sometimes lead to a time consuming and costly process. Recently, the Minister for Small Business has announced aRead more