Does your business send employees/directors on domestic and international travel? Or are you an employee sent on travel and you receive an allowance? If either of these applies to you then the ATO provide a concession that may give you tax advantages. The concession relates to the substantiation requirements for travel expenses. The ATO allow you…
From 1 July 2019, the Single Touch Payroll (STP) reporting system has extended to all employers. The ATO has announced it will soon write to small employers (those with up to 19 employees) who have not yet started reporting or applied for a deferral, to remind them of their STP obligations. Small employers have until…
The new Minimum Financial Requirements (MFR) laws commenced on 1 January 2019 with the aim of ensuring that licensees in the building and construction industry are operating financially sustainable businesses. These new laws require that licensees who hold a contractor grade licence must provide annual financial information. What does this mean for you? The financial…