Hospitality

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How does the ATO use it’s data-matching system?

By |2018-08-13T15:25:45+10:00July 6th, 2018|Accounting, Hospitality, Small Business, Tax|

How does the ATO use it's data-matching system? The ATO uses its data matching services to ensure individuals and businesses are correctly reporting all of their income. The ATO collects data from a wide range of sources including banks, financial institutions and government agencies. The system has been put into place by the ATO to [...]

Your Knowledge Update – May 2018

By |2018-05-31T11:50:21+10:00May 15th, 2018|Accounting, Hospitality, Small Business, Superannuation, Tax|

In this month's Your Knowledge Update we look at what the ATO's statistics reveal about Australians and review proposed CGT legislation that has potentially serious tax implications for expats and foreign residents who own residential property in Australia.  Download this month's issue here - Your Knowledge Update - May 2018  

Your Knowledge Update – April 2018

By |2018-04-19T11:35:00+10:00April 18th, 2018|Accounting, Hospitality, Small Business, Superannuation, Tax|

In this month's Your Knowledge Update we look at what you should know in relation to Single Touch Payroll, if you should use the new super measures when you buy/sell your home and which tax deductions are being closely scrutinised by the Taxation Office. Download this month's issue here - Your Knowledge Update - April 2018.  

New Reporting Obligations for SMSF

By |2018-08-13T15:31:26+10:00April 16th, 2018|Accounting, Hospitality, Small Business|

New Reporting Obligations for SMSF Self Managed Super Funds (SMSF) have new obligations to report certain events that affect their Transfer Balance Cap by lodging the Transfer Balance Account Report (TBAR).  The reporting obligation commences on 1 July 2018. The TBAR is a separate form from the Self Managed Super Funds’ Annual Tax Return and [...]

Single Touch Payroll

By |2018-03-15T12:58:28+11:00March 15th, 2018|Accounting, Hospitality, Small Business, Superannuation, Tax|

Single Touch Payroll Starting from 1st July 2018, Single Touch Payroll (STP) will be mandatory for businesses that have 20 or more employees on 1st April 2018. Draft legislation proposes extending mandatory STP reporting to businesses with 19 or less employees from 1st July 2019, however these employers are able to voluntarily op-in beforehand.   [...]