Central Coast Accountants

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What is Single Touch Payroll all about?

Published on April 26, 2019 at 12:00 AM

Single Touch Payroll (STP) has been introduced by the Government to streamline the collection of information about employees’ tax and superannuation so that the Government is not relying on employers who drag the chain and don’t provide the information regularly.…

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Single Touch Payroll: What does it mean for a small business?

Published on November 23, 2018 at 12:00 AM

Accountants must ensure that companies have the necessary software and infrastructure to meet the requirements of the Single Touch Payroll (STP) system, as required by the ATO.Effective 1 July 2018, all companies with 20 or more employees are required to report their payroll information to the Australian Taxation Office (ATO) in real time and directly from their payroll or accounting software.…

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Federal Budget Brief 2013

Published on May 15, 2013 at 12:00 AM

A summary of some of the relevant 2013 federal budget announcements, including cap on work-related self-education deductions, medicare levy increase, baby bonus abolishment, Aged Pensioner residence downsizing pilot programme...…

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ATO Data-Matching Programs

Published on March 3, 2013 at 12:00 AM

The ATO has announced data-matching programs to identify instances where taxpayers may not be meeting their tax obligations. The ATO says it will collect data from various banks and credit card companies relating to credit and debit…

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ATO to data-match motor vehicle purchases

Published on December 16, 2012 at 12:00 AM

The ATO is collecting details of individuals and businesses who have purchased or acquired a vehicle with a transaction value of $10,000 or greater in the 2011–2012 or 2012–2013 financial years. The information will be …

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