by WWAMD Accountants | Apr 24, 2019 | Accounting News
The Australian Taxation Office (ATO) has announced that from 1 July 2019 Single Touch Payroll will apply to all employers, including certain salary sacrificed amounts. Single touch payroll (STP) is used by employers to report salary and wages, Pay-As-You-Go (PAYG)...
by WWAMD Accountants | Apr 17, 2019 | Accounting News
Keep youself updated on the latest scam and how to avoid the trap with this helpful link
by WWAMD Accountants | Apr 12, 2019 | Accounting News
2019 Fringe Benefits Tax (FBT) returns are due for lodgement on 25th June 2019. The Australian Taxation Office (ATO) have recently released a list of six items related to FBT that ‘attract their attention’. This is a timely reminder to be mindful of ensuring that any...
by WWAMD Accountants | Apr 5, 2019 | Accounting News
“Tonight, I announce that the Budget is back in the black, and Australia is back on track…paying its own way.” “Australia is stronger than when we came to Government six years ago. Growth is higher. Unemployment is lower. There are fewer people on welfare. There are a...
by WWAMD Accountants | Mar 22, 2019 | Accounting News
The ATO have indicated they will be scrutinising investment property owners over the coming months… Ensure you are getting it right by reading this useful link… For more information, please call Walker Wayland AMD on 9584 6600.
by WWAMD Accountants | Mar 21, 2019 | Accounting News
Small businesses will get an extra tax break following the recent announcement by the Government that the instant asset write-off scheme will be extended to 30 June 2020 for assets purchased under $25,000 in value. Small businesses will be able to immediately deduct...
by WWAMD Accountants | Mar 20, 2019 | Accounting News
Fringe benefits tax (FBT) is payable on some benefits provided by employers, an associate of an employer or a third party by arrangement with an employer. FBT is separate from income tax and is calculated on the taxable value of the benefits provided to employee’s....
by WWAMD Accountants | Mar 15, 2019 | Accounting News
There is a proposal to provide employers with a 12-month amnesty to self-correct past superannuation guarantee non-compliance without penalty. If the Treasury Laws Amendment (2018 Superannuation Measures) No.1 Bill 2018 (Amnesty Bill) is passed by Parliament, the...
by WWAMD Accountants | Mar 13, 2019 | Accounting News
It’s against the law for a business to incorrectly treat their employees as contractors. Businesses that do this are: • not meeting their tax and super obligations • denying workers their employee entitlements • illegally reducing their labour costs and gaining...
by WWAMD Accountants | Mar 7, 2019 | Accounting News
GST and property transactions When will you get credits? To ensure you can receive GST input tax credits on time, as part of the property settlement process, you should ensure that the supplier details you provide to the purchaser in your notification are correct. If...
The ATO have released an update on scammers over the weekend
FBT Issues on the ATO Radar
Federal Budget 2019-2020
Do you own an investment property?
Instant asset write-off for small businesses extended and increased
Do you provide benefits to your employees? If so do the benefits provided attract Fringe Benefits Tax (FBT)?
Proposed superannuation guarantee amnesty
CONTRACTOR OR EMPLOYEE
GST and small business