STP Update
28 Jan 2019
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, employers send their employees’ tax and super information to the ATO each time they run their payroll and pay their employees. STP information […]
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First home super saver
02 Dec 2018
Overview – First home super saver scheme The First home super saver (FHSS) scheme was introduced by the Australian Government in the Federal Budget 2017–18. The FHSS scheme allows you to save money for your first home inside your superannuation fund. This will help first home buyers save faster with the concessional tax treatment of […]
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Cryptocurrencies – Tax treatment
21 Sep 2018
Overview The term cryptocurrencies is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on a blockchain. Cryptocurrency generally operates independently of a central bank, central authority or government. The creation, trade and use of cryptocurrency is rapidly evolving. This information […]
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Home office deductions
12 Sep 2018
Overview – Home office deductions Technology-driven changes to the employment market are seeing record numbers of Australians claiming home office deductions. But a high level of mistakes has prompted the Australian Taxation Office (ATO) to increase attention, scrutiny and education for home office expenses. Assistant Commissioner Kath Anderson said that last year, 6.7 million taxpayers claimed […]
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