If you receive an email or phone call from someone suggesting they are from the ATO, please check their credentials first. The latest round of tax scams involve impersonators demanding cryptocurrency (such as Bitcoin and Altcoins) as a form of tax debt payment. Similar scams involve direct payment to third party bank accounts, paying for […]
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Does your business provide fringe benefits of any type to its employees or their associates? The FBT year runs to the 31st March and requires the preparation of an FBT Tax Form declaring all taxable benefits, even where they are reduced to nil by employee contributions. Typical fringe benefits covered include: cars, entertaining at sporting […]
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Do you employ staff? If the answer is “yes”, then you will need to contact your software provider and start preparing for the 1 July 2019 mandatory start date with respect to reporting ‘year to date’ figures for gross, tax and Superannuation liabilities on each pay event. The ATO have indicated in press releases and […]
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The Tax Agent and BAS Portals now have access to the Small Business Superannuation Clearing House (“SBSCH). The SBSCH is only for employers with 19 or fewer staff with an aggregate turnover of less than $10M (this could change after the May 2018 Federal Budget). Small employers are encouraged to lodge through the SBSCH .The […]
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