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20 Feb
From 1 July, under Payday Super, super will be calculated on qualifying earnings (QE). As an employer, you currently calculate and pay super on your employees’ ordinary time earnings. However, ...
13 Feb
Find out if your business is eligible for the $20,000 instant asset write-off for the 2025–26 income year. Have you purchased, upgraded or are you purchasing an asset? If your business has an aggreg ...
03 Feb
Eligibility to claim self-education expenses You can claim a deduction for a self-education expense if, at the time you incur the expense, it has a sufficient connection to earning income from your em ...
23 Jan
Australians selling property need a clearance certificate to avoid having an amount withheld from the sale price. Foreign resident capital gains withholding (FRCGW) must be withheld on all real prope ...
16 Jan
As part of the Payday Super reform, the Small Business Superannuation Clearing House (SBSCH) will close on 1 July 2026. To support small businesses to transition to alternative services prior to t ...
17 Dec
The government announced changes to superannuation guarantee from 1 July 2026. On 2 May 2023 the Australian Government announced that from 1 July 2026, employers will be required to pay their employ ...
12 Dec
ATO reminder for the upcoming changes to the deductibility of interest. The Australian Taxation Office (ATO) is reminding taxpayers, from 1 July 2025 interest charged by the ATO for late payments or ...
The ATO offices, phone support services and customer response on their social media pages will be unavailable during their annual closure. The closure will start at noon local time Wednesday 24 Decemb ...
05 Dec
Taxpayers can no longer claim an income tax deduction for ATO interest charges incurred on or after 1 July 2025. On 13 December 2023, as part of the 2023–24 Mid-Year Economic and Fiscal Outlook (MY ...
28 Nov
The ATO have commenced reducing all student and training support debts by 20% that existed on 1 June 2025. If you have multiple eligible student debts, each account will receive a 20% reduction. Th ...
27 Nov
The staff of Griffin & Associates wish you and your family a happy and safe festive season. Our office will be closed from 2pm on Friday the 19th of December 2025 and will reopen at 8am on Monday ...
06 Nov
The following changes to compulsory repayments for study and training support loans are now in effect from 1 July 2025: The minimum repayment income needed to make a compulsory repayment has increase ...
21 Jun
You will receive either an income statement via myGov or a payment summary from your employer depending on how your employer reports your income, tax and super information. How you receive your income ...
28 Jul
Overview – STP Update STP is a change to the way employers report their employees’ tax and super information to the Australian Taxation Office. Using payroll or accounting software that offers STP ...
