In December 2017 we published an article about Single Touch Payroll which will commence for employers with more than 20 employees from 1 July 2018.

Fringe benefits tax (FBT) is a tax employers pay on certain benefits they provide to their employees – including their employees’ family or other associates.

Superannuation funds allow Australians the ability to build on their financial future over the course of their working lives so they can still enjoy a healthy income during retirement.

If you are currently using the ATO Small Business Superannuation Clearing House (SBSCH) from early 2018, you will need to access it via the tax office’s Business Portal.

The Government has introduced legislation to tighten up the superannuation guarantee system for employers.

If you have received your workers compensation renewal lately, you may have noticed that your workers compensation insurer has changed.

Single Touch Payroll will mean that by the end of this financial year, all medium and large companies will be faced with the biggest payroll reporting change in Australia's history.

If you are considering Christmas presents for your staff or clients the below table summarises the FBT, income tax and GST consequences.

Contractor v Employee - Is that worker really a contractor?

The Government and ATO have yet again changed the rules as to when an entity will be required to apply the reduced corporate tax rate of 27.5% for the financial years ending 30 June 2017 and 30 June 2018.