Applying for ABN made tougher. They review ABN applications to ensure only genuine businesses get, and keep, an ABN. For each false or misleading statement made in ABN application, a penalty of up to $12,600 may be applied. They validate your application information with other agencies like center-link, Immigration etc., Will your activities be carried …
ATO will be looking at ways to cleanup the ABN register Read More »
Employee Obligations and Record-keeping During the budget for 2018-19 a lot of emphasis was placed on Employee Obligations, on how to ensure they are met and how to monitor them. A significant budget allocation was made for the ATO to achieve this goal. One such Monitoring mechanism was Single Touch Payroll. Another was Employee …
Highlights of the Australian Federal budget 2018-19 Personal Income Tax Plan A new offset for low and middle income upto a maximum of 530 pa introduced; This offset will be received as a lump sum on assessment after individuals lodge their tax returns. Medicare Levy stays at 2% for now (2.5 was proposed but not …
Single Touch Payroll – Are you ready!!! From 1st of July 2018 Single Touch Payroll (STP) will become mandatory for substantial employers, and subject to legislation being passed will become mandatory for all employers across the board with effect from the 1st of July 2019. What this means for you as an employer If you …