Where will this year’s Federal Budget take us?

Where will this year’s Federal Budget take us?

Print this article:   The 2018–19 Federal Budget (the Budget) will be released at 7.30pm (AEST) on Tuesday, 8 May 2018. In the final week before we make the annual e-pilgrimage to www.budget.gov.au to download the Budget papers and the Treasurer’s accompanying...
Tax law trailing behind Bitcoin

Tax law trailing behind Bitcoin

Print this article:   The recent news cycle has extensively followed the astronomical growth — and the odd sharp dip — in the value of Bitcoin, the cryptocurrency phenomenon. With an unprecedented level of public interest in Bitcoin and other forms of...
Dormant companies and the new franking rules

Dormant companies and the new franking rules

There are significant changes to the rate at which a company franks its distributions from 1 July 2016 … do you know the rate at which a dormant company should be franking its distributions? A company may be dormant because it previously carried on a business and...
Single Touch Payroll [Infographic]

Single Touch Payroll [Infographic]

Print this article:   The Government has proposed to extend mandatory Single Touch Payroll (STP) reporting to small employers (fewer than 20 employees) from 1 July 2019. In early 2017, the ATO conducted a pilot program, which tested how STP impacts small...
Are clients ready for Single Touch Payroll?

Are clients ready for Single Touch Payroll?

The ATO’s ‘Single Touch Payroll’ (STP) initiative will start on 1 July 2018 for many employers — but businesses and their advisers cannot be complacent until then. The next six months is a crucial time for ‘substantial employers’ (≥ 20 employees) to understand how STP...