From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all employers. What employers need to report will also be extended to include specific salary sacrificed amounts. Employers with 20 or more employees have been required to use single touch payroll since...
The 2019/2020 Federal Budget sees the Government predicting a return to a surplus of $7.1 billion. Driven by the politics of a looming election, the Government is lowering taxes and increasing spending with a focus on low/middle income earners, small business, senior Australians and transport infrastructure. Here is a summary the key measures announced: Surplus Budget – a Budget...
At some point, every organisation provides meals or refreshments to its employees, clients and other persons alike but there is often doubt about how to account accurately for these expenses. In this blog, we will discuss what constitutes entertainment and its correct tax treatment. Generally speaking, there is no tax deduction available for entertainment expenses except for “meal entertainment” expenses...
By Tracy Miller
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News
There is no better time to show your appreciation than around the holidays. Great to have the whole team together and celebrate a fabulous 2018. Thank you to our fearless leaders Ryan Miller and Tim Wearne. Looking forward to an epic 2019. Merry Christmas!
By Tracy Miller
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External CFO | News
Hello, We are committed to being responsible data custodians, protecting your privacy and ensuring that your personal information does not get misused. We take our obligations to you seriously and understand how important it is that your personal information is kept secure and not disclosed to any unauthorised entities or used for any unauthorised purposes. We also understand and respect...
Preparing in advance for the end of the financial year could give your small business a significant boost in 2018/19. Rather than viewing it as a season to get caught up, think of June and July as an opportunity to get in front – and put in place business strategies with long-term benefits. With 30 June fast approaching, now is...
‘We will take strong action’: cryptocurrency comes under review Ahead of its surveillance and compliance activity for tax time 2018 the tax office is “strongly encouraging” taxpayers to review cryptocurrency guidance. The term cryptocurrency is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on the...
End of financial year is an opportunistic time to assess all the facets of your enterprise and look at opportunities and get a jump on the year ahead. The Australian Tax Office’s introduction of Single Touch Payroll reporting is perhaps the most significant change for small-to-medium business owners in the 2018/19 fiscal year. This reporting change is mandatory from 1...
By Tracy Miller
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External CFO | News
A big thank you to our brilliant web development team at Netpoint Group for their excellent work on completing the new Keeping Company website. Entrusting you with our most precious brand asset has already proved to be a right decision, now let’s see what we can do. Ryan Miller, CEO of Keeping Company says, “The process of building our a...