As part of the new Single Touch Payroll legislation introduced last year, there are a number of End-of-Year Payroll Reporting changes which now require action having entered Financial Year 2020/21.
Available any-time, this series features Ian Walker - Managing Director & Smiljan Jankovic - Director, as they discuss the latest in tax news and legislative updates from across the month of June.
It's no secret that COVID-19 and its impacts may have forever changed how we do business, both now and in the future. The arguable greatest change? Remote working and an employees' ability to work from home as a norm!
As we begin the 2020 Fringe Benefit Tax Year, it is important for businesses to continue to maintain their tax obligations - staying current and compliant during this especially uncertain time.
Overnight, the Palaszczuk Government released their State Budget 2019-20, dedicating initiatives to help Queensland's business sector and continue growth across our State economy.
With the end of the FBT year, employers will be focusing on strategies on how to minimise their FBT liability and possibly reduce their employee’s reportable fringe benefit disclosure.
A brief note below on some taxation matters that may impact your business and some announcements that are not yet law but might be useful for your business planning.
I have put together a handy tax update so you can ensure none of the following taxation topics have slipped past your radar.