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The Single Touch Payroll and what it means for employers
August 23rd, 2017Firms with 20 or more employees will be required to implement the Single Touch Payroll or STP from 1 July 2018. STP is an Australian Taxation Office (ATO) initiative aimed at streamlining the way employers report their tax and superannuation information to the ATO. Employers will be required to report salaries, wages, PAYG, and superannuationread more
SOLD OUT! – UK Pension Q & A — Tuesday, 29 August 2017 6:30pm
August 14th, 2017Update: Thank you for your interest. Slots for this event are already filled. Make sure to check future events on our website or follow us on our social media pages - Facebook and LinkedIn. *** Date – 29 August 2017, Tuesday Time – 6:30 pm Venue – British Bistro, Currambine Central, 1C/1244 Marmion Ave., Currambineread more
You may be providing a car parking fringe benefit and not be aware of it!
August 14th, 2017The Australian Taxation Office (ATO) has been transparent in its undertaking of numerous fringe benefits tax (FBT) audits in both the small and medium business sector. With the ATO’s sophisticated data matching capabilities, it is easier for them to identify businesses that do not comply with their FBT obligations. One fringe benefits that is oftenread more
Personal income tax rates for Australian residents (2017-2018)
July 11th, 2017There were no changes to personal income tax rates and thresholds in the 2017-2018 Federal Budget. The three (3) year Temporary Budget Repair Levy (TBRL) of 2% for individuals with a taxable income of over $180,000 (announced in the 2014-15 Federal Budget) ceased on 30 June 2017. The table below outlines marginal tax rates applyingread more
How working holiday makers are taxed in Australia
July 10th, 2017If you are planning on becoming a working holiday maker (WHM) in Australia, you need to be aware of how your income is taxed. If you are a working holiday visa holder (subclass 417 and 462) tax is withheld from your pay and you are required to lodge a tax return each year with theread more
Changes to foreign resident capital gains tax withholding regime (FRCGW)
July 7th, 2017Please note we have released an update on this in 2025 - read that here. Last year, the government introduced new withholding rules for certain property sales. The purpose of the withholding regime is to assist in the collection of capital gains tax (CGT) liabilities of non-residents when they dispose of Australian assets. The Mayread more
ATO reminds rental property owners on claiming tax
July 5th, 2017The Australian Taxation Office (ATO) has issued a timely reminder that it is keeping a close eye on deductions claimed by rental property owners, especially those with properties located in popular holiday destinations. Last year the ATO identified a significant number of errors relating to deductions claimed for rental properties located in holiday regions. Theread more
Is your family financially secure? Why you should review your insurance…
July 5th, 2017Have you considered the risks you and your family are exposed to? Life, as we all know it, is full of uncertainties. Your lifestyle may change in an instant due to a serious accident or illness or death of a family member. As things change quickly, having an appropriate risk protection plan in place isread more
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