Millennials are constantly hearing things like “back in my day” from other generations. They do listen to this “advice” but they also have formed their own opinion on current economic trend. This is discussed by one of our very own millennials.
The Australian Taxation Office (ATO) is kicking into gear two data-matching programs specifically related to the JobMaker Hiring Credit and early access to superannuation. It will mostly be used to to identify compliance issues between the two, as well as economic stimulus measures, such as JobKepper and cash flow boosts
Small employers with closely held payees have been exempt from reporting these payees through Single Touch Payroll (STP) for the 2019/20 & 2020/21 financial years. This exemption is now ending, meaning they must begin STP reporting from 1 July 2021
In the current Covid-19 affected economy, it’s no surprise to hear that many young and not-so-young Australians may have income from more than one job. If you are working more than one job casually, you need to be careful to avoid an unexpected end of financial year tax debt
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