Prepare for Finalising 2021 Single Touch Payroll STP

Prepare for Finalising 2021 Single Touch Payroll STP

It’s nearly time to make a finalisation declaration for Single Touch Payroll. There is no need to issue payment summaries to employees you have reported through STP.   Employers must complete the finalisation declaration by 14 July. The extended due date that small...
Super Guarantee Rate is Set to Rise from July

Super Guarantee Rate is Set to Rise from July

The superannuation guarantee statutory rate has remained at 9.5% since July 2014. However, plans have been in place for some years now, to increase the rate to 12% incrementally. In July 2021, the rate will rise to 10%. From then on, the rate will increase by 0.5%...
Tax Tips for small businessess

Tax Tips for small businessess

Common Tax Deductions for Small Business There are many expenses common to most small businesses, and there are other expenses that are specific to the nature of the goods or services the business provides. Are you claiming all the tax deductions that you are entitled...
June 2020 – Planning Opportunities to Consider

June 2020 – Planning Opportunities to Consider

It is hard to believe that the end of financial year is almost upon us. Below are some important year end planning opportunities that you might like to discuss with your Tax Agent. 1. Instant asset write-off – assets purchased and ready for use between 12 March 2020 –...