Receiving cash for work you do
31 Jan 2017
Your employer may pay your wages to you in cash (or with a cash cheque), rather than into your bank account. Paying wages in cash is legal and may be more convenient. Some businesses deliberately use cash transactions to avoid meeting their tax and employee responsibilities. If you receive ‘cash-in-hand’, you need to: be paid […]
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Change in tax rate for super payments to Working Holiday Makers
13 Jan 2017
From 1 July 2017, departing Australia superannuation payments (DASPs) made to Working Holiday Makers (WHMs) will be taxed at 65%. If you hold or have held a 417 (Working Holiday) or 462 (Work and Holiday) visa, you are classified as a WHM. This change is related to a new income tax rate for WHMs which […]
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Paying super by BPAY or EFT?
02 Dec 2016
If you are still paying super contributions to your employees by EFT or BPAY, you may not be meeting the SuperStream standard. Under SuperStream, businesses now need to pay and send super contribution information electronically (not by email). This allows payments to be tracked and ensures the contributions make it to the right place. SuperStream […]
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Division 293 assessments – email and SMS alerts
25 Nov 2016
The ATO will send an email or SMS to individuals who will receive their first Division 293 tax assessment or, who will receive it in myGov if they have linked their account to the ATO. These emails and SMS will only issue during peak assessment periods in November 2016, and between April and early June […]
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