The Australian Government has increased the 32.5% tax threshold from $37,001 - $80,000 to $37,001 - $87,000. What does this mean for employers? The tax tables have changed for employees who earn over $80,000. You need to download the updated tax tables from ato.gov.au/taxtables or contact your payroll software provider for the relevant update. Do [...]
Do your provide taxi travel through ride-sourcing? If so, you must register for GST regardless of turnover.
See following a recent ATO post on this topic: Providing taxi travel services through ride-sourcing and your tax obligations. The views in this product relate to the meaning of the word ‘taxi’ as it appears in the GST law. For GST purposes, the word taxi takes on its broad ordinary meaning of a car (vehicle) [...]
Payment Summaries should have been issued to your employees by now and you have until 14th of August to report to the ATO. Accounts Central Services has now issued payment summaries to all its clients employees and reported to the ATO. Have you issued yours yet? If you need assistance with issuing your payment summaries, [...]
Then give us a call at Accounts Central Services on 03 9614 8641 and to discuss your business bookkeeping needs and free up some of your precious time to spend with your family. As it is Mother's Day this Sunday, Accounts Central Services is giving away a Zoos Victoria Membership to a lucky mother. To [...]