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Business Accounting Solutions | Brisbane • Gold Coast • Sunshine Coast

No FBT on emergency assistance

If your business assists employees during an emergency, for example floods, bushfires etc., then fringe benefits tax is unlikely to apply to the assistance you provide. While we doubt anyone would be thinking about FBT during a crisis, it’s good to know that the tax...

Legislation in limbo as federal election looms

A budget, an election and the legislation that hasn’t made it through. The February 2019 parliamentary sitting days were the last opportunity before the Federal Budget for the Government to introduce or push through new legislation. Next month, on 2 April, parliament...

Single touch payroll extended to all employers

From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all employers. What employers need to report will also be extended to include certain salary...

Beware the ATO refund scam

The Australian Taxation Office (ATO) has warned about the emergence of a scam where “…scammers are using an ATO number to send fraudulent SMS messages to taxpayers asking them to click on a link and hand over their personal details in order to obtain a refund.” The...

Don’t make life easy for the hackers

Another year, another scam. While data driven crime is more sophisticated and difficult to address than ever, human error and judgement remains one of the major problems. The latest data breach report from the Office of the Australian Information Commissioner (OAIC)...