Category: Small Business

All in! #STP Payroll reporting 1 July 2019

July 31, 2019 - Bookkeepers , Small Business , tax changes - by @austaxter - No Comments

Whether you are an employer or employee, the new reporting regime for payroll called Single Touch Payroll (STP) will impact you from 1 July 2019. All employers must now be in STP regardless of the number of employees – full time, part time or casual. STP means that payroll information […]

News Flash – News Flash – Cash is still legal tender?

July 31, 2019 - imageslider , Small Business - by @austaxter - No Comments

News flash News flash Newsflash Last week the Australian Parliament threw out this bill. There will no restriction on paying with cold hard cash! Previously, from 1 January 2020, cash payments of more than $10,000 between business and individuals were to be outlawed with maximum fines of $25,200 and/or two […]

Buying a car? Company or private? Watch out for FBT!

March 2, 2017 - imageslider , Small Business - by @austaxter - No Comments

I’m going to purchase a car in my company name to get back the GST. Sounds like a good idea, but beware of the FBT consequences. You know there will be some private use on that car, so it is good to consider this up front, before the FBT bill […]

Tagged: car fbt gst smallbusiness

Lost your car or car park? FBT season is fast approaching

January 29, 2017 - Small Business - by @austaxter - No Comments

Now is the time to start thinking about any exposure you may have to Fringe Benefits Tax. You may think that all the great non-salary benefits you provide your most valued assets are either under that magical $300 or “otherwise deductible”? Well done. However, there are always few tricks and […]

Tagged: car fbt smallbusiness

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