Single Touch Payroll – The Australian Taxation Office has extended the STP obligations to all employers. Parliament has approved legislation to extend Single Touch Payroll (STP) reporting to include all small employers (fewer than 20 employees) from 1 July 2019. Don’t know what STP is?
With the new financial year, brings our Poole Group Family an opportunity for team bonding and pizza of course!!
Have you thought about your new financial year goals? Call one of our qualified accountants on 07 5437 9900 to assist you in setting you goals.
Payment summaries/Group Certificates are now called an income statement. Your employer is not obliged to give you an end of year payment summary for the information they report through Single Touch Payroll system. Your payment summary information will be available in myGov at the end of the financial year.
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Our office will be closed from 3pm tomorrow (28th June) and we will re-open on the 1st July 2019. We look forward to helping you with your new year goals, call our office on 07 5437 9900 to speak to one of our qualified accountants.
Labor’s proposal to further reduce contribution caps, re-introduce the 10% income test on personal concessional contributions, ban new LRBA’s, introduce a pension exemption limit of $75,000 for tax-free income in a superannuation environment, as well reducing other superannuation concessions, are also (thankfully) ‘off the table’.
So what proposals are back ‘on the table’ for discussion now that the election results are in?
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We don't know anyone who likes paying more tax than they are legally required to! The end of the financial year is fast approaching, have you booked your appointment to discuss whether all your boxes are ticked or to discuss your goals for the new financial year? Call one of our qualified accountants on 07 5437 9900 to allow us to review your financial position.
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