by Chan & Naylor | Jun 24, 2021 | ATO, Single Touch Payroll
Single Touch Payroll (STP) is changing Changes to STP reporting from 1st July 2021 Employers should be reporting through Single Touch Payroll (STP) unless they only have closely held payees, or they are covered by a deferral or exemption. There are changes to STP...
by Chan & Naylor | May 13, 2021 | Federal Budget
No changes to increase in superannuation guarantee percentage Despite increasing pressure from some businesses and the media to again pause the superannuation guarantee (SG) rate, no changes were announced to the SG rate in the Budget. Consequently, from 1 July 2021,...
by Chan & Naylor | May 13, 2021 | Federal Budget
A number of important measures were announced to more broadly support business taxpayers. These measures will support businesses to invest and grow, remove unintended consequences and reduce compliance costs. Extension of temporary full expensing measure A one year...
by Chan & Naylor | May 13, 2021 | Federal Budget
Many individuals will also directly benefit from the 2021-22 Federal Budget with reduced taxes for low and middle income earners, support for child care, greater access to voluntary superannuation contributions under the Government’s First Home Super Saver Scheme and...
by Chan & Naylor | Apr 28, 2021 | ATO, EOFY, Tax Returns
Top Tips for Preparing Your Income Tax Return The end of the financial year can be an exhausting and stressful time for small businesses and individuals. Throw in the complications of Covid-19, and, preparing for the EOFY has become an increasingly complicated process...
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