by epoch | Aug 7, 2019 | eNews
When an employee uses a taxi service for travel to or from work or if the employee is sick, it is generally exempt from Fringe Benefits Tax (FBT) under the FBT taxi travel exemption. The question is, what about Uber and other ride sharing services, do they also...
by epoch | Aug 7, 2019 | eNews
From 1 January 2020 the Government intends to restrict the value of cash payments a business make or accepts to amounts under $10,000. Ignoring the limit will become a criminal offence with penalties of up to 2 years in prison and/or $25,200*. Payments of $10,000 or...
by epoch | Jul 4, 2019 | eNews
From 1 July 2019, new laws prevent superannuation providers from eroding member balances with unwanted or unnecessary insurance and exit fees. Plus, inactive accounts with low balances will be moved to the ATO to try and unite the unclaimed super with its owner. These...
by epoch | Jul 4, 2019 | eNews
The ATO has provided a concession from single touch payroll for payments by small employers to closely held payees, Single touch payroll (STP) was extended to cover all employers on 1 July 2019. For directors of their own company or for family businesses employing...
by epoch | Jul 4, 2019 | eNews
Tip-offs to the Australian Taxation Office (ATO) have reached an all-time high with close to 60,000 tip-offs received between June and May 2019 – almost double the number of the previous year. The ATO thinks the number of tip-offs will reach around 70,000 for the full...
