Finding client’s correspondence Finding client’s correspondence Editor: The ATO has asked that we (and other professional association) share the following information, regarding their recently published guide on “Finding your client’s correspondence”. This is no doubt thanks to the angst we (and others) have been passing on to them regarding how difficult it has become to keep […]
EOFY Preparation
EOFY Preparation EOFY Preparation For many businesses, end of the financial year brings greater demands than usual. Payroll professionals often find this time of the year a stressful period. Other than the usual weekly/fortnightly/monthly payroll processing and tasks there are the additional items that need to be considered – balancing and producing payment summaries, resetting year to […]
IGT Reaches Out to Punters to work Out Where to Go
IGT Reaches Out to Punters to work Out Where to Go The Inspector-General of Taxation (IGT), Ali Noroozi, has announced that he will now consult the public to develop his new work program for 2014 and beyond, inviting all interested parties to have a say. “My work program seeks to target areas that potentially provide […]
What is a Director Penalty Regime?
What is a Director Penalty Regime? Under the pay as you go (PAYG) withholding system, the Income Tax Assessment Act 1997 (ITAA) requires companies to withhold money from wages to meet employees’ tax liabilities to the Australian Taxation Office (ATO). Companies are also required to pay a superannuation guarantee charge (SGC) under the Superannuation Guarantee […]
Director penalty regime – guide for directors
Director penalty regime – guide for directors Under the pay as you go (PAYG) withholding system, the Income Tax Assessment Act 1997 (ITAA) requires companies to withhold money from wages to meet employees’ tax liabilities to the Australian Taxation Office (ATO). Companies are also required to pay a superannuation guarantee charge (SGC) under the Superannuation […]
ATO contact numbers- Individual entities
ATO contact numbers- Individual entities Phone number Self-help service What you can do 13 28 65 Individuals Enquire about the progress of your lodgments Search for your lost super Apply for refund of GST credits Make a payment arrangement 13 72 26 Business Lodge your: NIL activity statement NIL annual GST return GST or PAYG […]
PAYG withholding variations
PAYG withholding variations PAYG withholding variations PAYG withholding variations should be used when the payee (the person receiving a payment) wants to reduce their withholding rate for the year ending 30 June. If this is you, please read further or call the office. The main purpose of varying your rate or amount of withholding is to make […]
What to do when a worker ceases to work for you
What to do when a worker ceases to work for you Do you know what to do when a worker ceases to work for you? When EWha, there are no special fringe benefit tax (FBT) or superannuation requirements, other than to remember to include any obligations that relate to them in your next superannuation and FBT […]
What to do on a worker’s first day
What to do on a worker’s first day When your worker begins working for you there are a few things you will need to do to meet tax and super obligations. If you haven’t done so already, you need to determine whether your new worker is an employee or contractor; see Employee or contractor. End […]
