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Single touch payroll extends to all employers by 1 July 2019

Legislation extending Single Touch Payroll (STP) to all employers on 1 July 2019 passed Parliament in February 2019. The legislation will create a few practical issues for smaller employers. Xero, MYOB and most Australian accounting software are STP compliant but...

Interest on seized unclaimed accounts

Despite it being easier than ever to track and find – and despite years of public awareness campaigns to that effect – as many as half of all Australians have lost touch with or not claimed super worth up to $16.8 billion....

Time to start thinking about tax time

The countdown to the end of the financial year is on and that means you should start to focus on your end of financial year position and any tax planning that is appropriate for you.  Don’t leave it till the...

The pitfalls of accessing your company profits

The pitfalls of accessing your company profits One of the benefits of operating a business through a private company is the ability to access a flat 30% tax rate on profits. However, shareholders often forget that the 30% corporate tax...