Blog

ATO confirms micro businesses not required to purchase payroll software

The ATO has confirmed that micro businesses (those with 1-4 employees) will not be required to purchase payroll software to be Single Touch Payroll (STP) compliant. The ATO is looking at alternate low (or no) cost solutions for these businesses, that are easy to use and not time consuming. Some possibilities that are being looked…
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Business Name Renewals

Registered Business Names are administered through the Australian Securities and Investments Commission (ASIC). There are fees associated with having a registered business name, at the time of writing, the fees are $36 for one year registration or $84 for three years registration. It is a fairly simple process to renew a business name yourself either…
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Labor’s plan for changes to the Superannuation Guarantee Legislation

The Labor party has announced that if elected, it will introduce some changes to the Superannuation Guarantee Legislation. The proposed changes include phasing out the $450 monthly threshold eligibility for Superannuation Guarantee Contributions (SGC) and introducing SGC payments on the government paid parental leave. The proposed changes are an effort to increase the amount of…
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ATO earmarks Home Office Expenses as a key focus area

With the rising trend of employees working from home, this tax season the ATO has earmarked home office expenses as a key focus area. There is evidence that many taxpayers are unaware of what they can or cannot claim - you cannot claim for expenses that you didn't pay for, expenses which you were reimbursed…
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