1300 13 88 61

Business Accounting Solutions | Brisbane • Gold Coast • Sunshine Coast

Epoch News

Single Touch Payroll: what you need to know

Single Touch Payroll (STP) – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – comes into effect from 1 July 2018. For employers Employers with 20 or more employees at 1 April 2018 must use standard...

read more

Tax deductions: the danger zones

A recent Parliamentary Inquiry into Tax Deductions created some fairly sensational headlines about what and how deductions are being claimed - $22 billion worth to be exact.   In Australia, tax deductions are available for expenses incurred in producing assessable...

read more

Survey: Business keen on PayID

PayID was launched in February this year as part of what’s known as the New Payments Platform. The service is being offered by most banks and allows for virtually instantaneous payments using mobile numbers or emails rather than traditional account details. Earlier...

read more

Will your business be audited?

Ever wondered how the ATO identifies audit targets? The ATO is very upfront when it comes to their compliance activity. Every year they publish small business benchmarks that outline what a typical business ‘looks like’ in different industries. If your business falls...

read more

Get up to speed on the ATO’s FBT ‘Hot Spots’

The Fringe Benefits Tax (FBT) year ends on 31 March. I’ve outlined the key hot spots for employers and employees. Motor Vehicles – using the company car outside of work Just because your business buys a motor vehicle and it is used as a work vehicle, that alone does...

read more

What’s changing in 2018?

1 January 2018 Vacancy fees for foreign acquisitions of residential land - An annual vacancy fee imposed on foreign owners of residential real estate if the property is not occupied or genuinely available on the rental market for at least 183 days in a particular 12...

read more

New data breach laws come into effect

New data breach rules in effect from 22 February 2018 place an onus on business to protect and notify individuals whose personal information is involved in a data breach that is likely to result in serious harm. In October last year, almost 50,000 employee records...

read more
2022 Business checklist

2022 Business checklist

Here’s our list of the top 10 things to action or keep an eye on in 2022. 1. BUDGET A budget is the most prized weapon in your business arsenal.  A well-thought-through budget will capture your expected monthly income and expenses and enable you to track how you’re...

read more