Hot Issues
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Single Touch Payroll – 1 April 2018 Action
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Property investors on notice after ATO spots false claims
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ATO issues update on cryptocurrency compliance traps
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Australia's vital statistics
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Accountants spy elder abuse spike as mortgage stress sets in
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Tax office releases fresh guidance on SMSFs
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Labor's tax plans could favour the rich, analysis shows
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FBT Reminder – Odometer Reading
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Our website is really our digital office.
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‘Substantiation will be a key focus’: ATO drums in tax time 2018 hit list
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Super changes: $1.6 million transfer balance cap and death benefit pensions
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Payroll, compliance issues top dodgy practices in Aussie business
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Employee travel expense deductions
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The Goldilocks effect - Economic and market update 4Q 17
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Tax assessments confirmed for undisclosed business income
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Super returns on the up despite clients’ hesitation
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Australia. All you need to know to be the expert.
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Business confidence hits 5-month high: NAB
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Caution advised on best interests duty with cryptocurrencies
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$20,000 asset write-off renewed for another financial year.
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SMSF compliance traps with bitcoin
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Where Australia is at. Our leading indicators.
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Foreign resident CGT withholding: early recognition of tax credit
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ATO set to doorknock as 60% of cash-heavy businesses caught
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New downsizing cap available
Article archive
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Quarter 1 January - March 2018
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Quarter 4 October - December 2017
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Quarter 3 July - September 2017
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Quarter 2 April - June 2017
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Quarter 1 January - March 2017
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Quarter 4 October - December 2016
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Quarter 3 July - September 2016
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Quarter 2 April - June 2016
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Quarter 1 January - March 2016
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Quarter 4 October - December 2015
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Quarter 3 July - September 2015
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Quarter 2 April - June 2015
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Quarter 1 January - March 2015
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Quarter 4 October - December 2014
Quarter 2 of, 2017 archive
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‘Bank-like heists’ make way for new wave of cyber crime
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ATO reports on key contraventions for 2016-17
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ATO, mid-tiers warn on common expenses myths
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SMSF trustees told to take action on contributions
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Higher instant asset write-off threshold for small business extended
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Australian population figures
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New data points to spiralling retirement costs
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Personal insolvency numbers spike across Australia
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ATO cracking down on taxable fringe benefits
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Intangible capital improvements made to a pre-CGT asset
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The three core pillars of this year's budget
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Federal Budget - 2017-18 - Overview
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Does your business import or export goods and services?
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Federal Budget - 2017-18 - Budget documents
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When does an asset cost less than $20,000? Depreciating assets: composite items
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ATO finalises guidance for capped defined income streams
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Warning on trap with trust deed updates
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2011 Census - what was the make up of your area?
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It’s no secret that Australians have some of the largest houses in the world.
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Resources on our site to help you and your family.
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ATO defends approach to SG compliance
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Essential steps for SMSF clients before 30 June
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New tax incentives for early stage investors
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FBT Reminder – Odometer Reading
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ATO on 'aggressive' debt recovery hunt
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More ATO downtime looms ahead of tax time
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Tax debt release applications refused
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Troublesome tax system overhaul picks up speed
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Government to ‘put to bed’ uncertainties with TRIS
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Travel expense and transport of bulky tools claim denied
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New law sheds light on global tax issues
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Report tips housing price spikes to wipe out super savings
Single Touch Payroll – 1 April 2018 Action

Single touch payroll will be a compulsory reporting requirement for employers.

         
 
It means employers will report payments such as salaries and wages, pay as you go withholding (PAYGW) and super information from their payroll solutions at the same time they pay their employees, directly to the Australian Taxation Office (ATO).
 
For employers with 20 or more employees, Single Touch Payroll reporting starts from 1 July 2018.
 
While the system starts 1 July 2018, the obligation is triggered on 1 April 2018.
 
The 20 or more Headcount is done on April Fools Day!
 
The following employees need to be included within the Headcount:
 
  • Full-time employees
  • Part-time employees
  • Casual employees who are on your payroll on 1 April 2018 and worked any time during March
  • Employees based overseas
  • Any employee absent or on leave (paid or unpaid)
  • Seasonal employees engaged regularly.
 
When performing the headcount, the following are not included:
 
  • Any employees who ceased work before 1 April
  • Casual employees who did not work in March
  • Independent contractors
  • Staff provided by a third-part labour hire organisation
  • Company directors
  • Office holders
  • Religious practitioners
 
 
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