Single Touch Payroll

Taxwise Business News – November 2020

Our latest TaxWise Business newsletter is now available. Topics covered include; Budget measures now law, JobKeeper updates, what has the ATO been up to? tax tips, ABN details, business structures, superannuation and key tax dates. PrincipleFocus-TaxWise-Business-News-November-2020Download

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Your 2020 EOFY Reminders & Action Items

2020 has been a whirlwind but it is time to start preparing to finalise the 2020 financial year.What's changing in terms of legislation this year? The Federal Budget has been delayed this year until 6th October amid COVID-19. Tax Rates The Company Tax Rate reduces to 26% starting on the 1st July 2020. This is…

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It’s time to get Single Touch Payroll ready

Single Touch Payroll (STP) is an initiative from the ATO to encourage frequent digital salary reporting – and it’s changing the way employers operate. From 1 July 2018, STP became mandatory for employers with 20 or more employees. From 1 July 2019, all Australian small business employers are required to report their payroll information this…

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