Single Touch Payroll (STP) started 1 July 2018 for businesses employing 20 or more employees. STP is now compulsory for all businesses including those with less than 20 employees as of 1 July 2019. It’s time to get ready for STP.
Some things you can do right now:
Review your business processes
Make sure the right people in […]
What keeps you awake at night? A recent MYOB Snapshot found small business owners sacrificing their health for work, with 80% of small business owners losing sleep at night.
The research found:
41% of small business owners said they put their health last because they are time poor and focused on the success of their business.
[…]
If you are a small business and your customers pay you electronically you need to read this.
Did you know new legislation means most electronic payments made from the start of this financial year (1 July 2017) onwards will be reported to the ATO automatically.
The ATO says these include:
credit and debit cards
BPAY®
payments made […]
Clients are increasingly asking about tax treatment of Bitcoin and other crypto-currencies.
The ATO has provided a guide for Tax Treatment of Crypto-Currencies specifically Bitcoin – essential reading if you have acquired or are considering acquiring Bitcoin – it covers:
* Bitcoin for business transactions
* Bitcoin for personal transactions
* Bitcoin for goods and services
* Capital gains
* Paying […]