As of 1 July 2019, the Single Touch Payroll (STP) reporting system has been extended to all employers. Whilst at this stage there are no penalties for mistakes, missed or late reports, it is recommended that all employers commence the use of STP
Did you know four in five Australians prefer electronic payments rather than cash for purchases? Cash is likely to become a “niche payment” used only in emergencies, while cheques would be phased out altogether.
The Commissioner has set out amounts considered to be reasonable in relation to travel and meal claims made by employees for the 2019/20 income year, both domestically and internationally.
Prime Minister Scott Morrison announced personal tax cut measures in this year’s 2019-20 Federal Budget. In true Oprah style, the cash is getting splashed out to low and middle income earners effective immediately.
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