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
If you have employees, the more likely it is you are providing some form of fringe benefit and the higher the expectation the ATO will expect to see you lodge an FBT return.
Covid-19 induced downturn has impacted many small businesses across the country. There are a number of FBT concessions that can be taken advantage of to lower the amount of FBT that you need to pay.
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