What is available and to whom? If you have been affected by the COVID19 quarterly tax instalment payers can vary their current and prior PAYG instalments on their activity statement for the March 2020 quarter. How do I get it? To access this option you must vary the number of your PAYG instalments on your March activity statement before the instalment is due. Taxpayers who vary their…
From 1 March 2020, employers who currently pay annualised salaries to employees covered by certain Modern Awards must comply with new changes, record-keeping and reconciliation requirements… Are your employees covered by a modern award? If so, your business may soon be affected by changes to Modern Awards… The number of recent public cases of employers…
The Superannuation Guarantee (SG) Amnesty Bill has now passed both houses, with employers set to get six months to disclose historical non-compliance before tougher penalties apply… The long-awaited Superannuation Guarantee (SG) Amnesty Bill has passed Parliament and is now awaiting Royal Assent to become an Act. The amnesty period will start from 24 May 2018…
Let’s Get You Ready for the EOFY It’s that time of year again. The team here at Advivo are busy preparing Strategic Tax Plans and Forecasting for many of our clients in preparation for the new financial year (EOFY). EOFY Reminders & Highlights We have put together some reminders and highlights to help you in…
ATO Can Automatically Deny Deductions For Late Super Payments Superannuation paid for employees must be paid on time for employers to claim the payment as an income tax deduction. This has been the situation for many years and doesn’t look to be changing any time soon. What is changing is that with the introduction of…
March 2019 – Rolling Into The Final Financial Quarter We made it through another Queensland summer – even though we are breaking records this March with a dry and hot Autumn on the horizon! I hope you are all keeping cool and making the most of it. As we roll into the final financial quarter,…
Keep Up With The Changes To Payroll We have written a length about the changes to payroll over the last months, Single Touch Payroll has been one of the bigger changes that are happening, but there are more! Minimum Wage The Minimum wage review was completed by the Fair Work Commission and the new rates…
Well, it is that time of year again! As usual, 30 June is always a very busy time for us in business. A time full of all of the extra things we have to do for those damn accountants. As well as the things we need to do before 30 June to save tax and…
Ipso Facto Legislation Passed Following ‘Safe Harbour’ As part of the federal government’s reforms on insolvency and assisting businesses to trade through difficult times without going into some form of administration, there have been two major legislation changes announced in last year’s budget. The first of these was the Safe Harbour Legislation for company directors,…
The Australian parliament passed the Privacy Amendment (Notifiable Data Breach) Act 2017 (NDB scheme) on 13 Feb 2017. From the 22 February 2018, all entities covered by the Australian Privacy Principles (APPs) will have clear obligations to report eligible data breaches. The amendments are due to commence on 23 February 2018 so providers should be…
Fill out the form below and the download link will be sent to your email.