Apr 24, 2019 | Accounting, Business, SMSF
As part of a broader focus on ensuring employers comply with their superannuation guarantee (SG) obligations the ATO notes that there have been some issues in determining whether annual leave loading amounts should be included as ordinary times earnings (OTE) and thus...
Apr 24, 2019 | Accounting, Business, Taxation
From 2 April 2019 (Budget night), the Government has increased and expanded access to the instant asset write-off by increasing the instant asset write-off threshold from $25,000 to $30,000. The threshold applies on a per asset basis, so eligible businesses can...
Apr 24, 2019 | Accounting, Business
AUSkey is due to retire next year. It will be replaced by: myGovID – a way to prove who you are online as an individual, and for your practice Relationship Authorisation Manager (RAM) – lets you manage who can act on behalf of your practice. You will be able to use...
Apr 24, 2019 | Business, Taxation
From 1 July 2019, businesses can only claim deductions for payments made to workers where they’ve met the pay as you go (PAYG) withholding obligation for that payment. Read on for changes to deductions for non-compliant payments. Where the PAYG withholding rules...
