How small businesses can benefit from the $30K instant asset write-off
This year’s Federal Budget raised the instant asset write-off level for businesses to $30K. So, what differ-ence does it make and how can small businesses maximise its impact? We explain.How small businesses can benefit from the $30K instant asset write-off
Beyond the basics: Advanced implications of Single Touch Payroll for SMBs
With Single Touch Payroll (STP) on the horizon for all Australian businesses, it will have different implications for different owners. We spoke to the experts from the Australian Taxation Office (ATO) about some of the advanced elements of STP.For some, it will mean little more than hitting an extra key each pay run. For others, it will usher in a new chapter in managing outstanding debt with the ATO.So beyond the basics of Single Touch Payroll, what can Australian small businesses expect for the new financial year?Beyond the basics: Advanced implications of Single Touch Payroll for SMBs
Single Touch Payroll: What is it and what changes will it bring?
The arrival of Single Touch Payroll is being described as the biggest revolution in tax since the GST was introduced in July 2000. But wrapping your head around how it all works can seem challenging from the outside. We spoke to the experts from the Australian Taxation Office (ATO) about what small businesses need to know. In principle, it’s simple. From 1 July 2019, all businesses with fewer than 20 employees will be required to report their employees' payroll information to the ATO every time they pay them.Single Touch Payroll: What is it and what changes will it bring?
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