Single touch payroll: When your reporting can cease
A business may cease to lodge single touch payroll (STP) reports for a number of reasons.
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A business may cease to lodge single touch payroll (STP) reports for a number of reasons.
Not every individual situation fits neatly with the tax laws as they stand — sometimes a taxable item’s known value (and therefore the tax that applies to it) may need to be determined where requirements may arise to obtain a tax valuation from the ATO.
The JobMaker Hiring Credit scheme was passed into law in mid-November 2020. JobMaker was part of the 2020-21 Federal Budget and will operate until 6 October 2021.
The ATO has devised special rounding conventions where an amount of GST includes a fraction of a cent.
Over the first quarter of this financial year, the government has initiated two new data-matching programs, using data that the ATO holds.
It has long been an accepted standard that the auditor of an SMSF needs to be independent of that fund and be a third-party entity to the SMSF.
Feel free to reach out to us for any tax, accounting or business management and advisory needs. You can contact us at [email protected] or at 1300 260 360.
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