The Super Guarantee (SG) Amnesty is a one-off opportunity to correct past unpaid SG amounts. Employers have a six-month window until 7 September to disclose, lodge and pay unpaid SG amounts for their employees. Employers can claim deductions and not incur administration charges or penalties during this amnesty. It’s important that you act on this […]
Government Stimulus Package
Economic Stimulus Coronavirus From: Institute of Certified Bookkeepers Details as announced as of 12 March 2020, Prior to Legislation being presented. It is not law yet! It is extremely likely to become law. Both sides of Parliament have indicated their support for these measures. Businesses with turnover below $500m 1/ Instant Asset write off up to $150k […]
ATO Rules on Drop Shipping
Drop Shipping and GST The ATO has provided the following information on drop shipping GST rules. If you use drop shipping for your business, GST will apply to sales of low value imported goods valued at $1,000 or less. ‘Drop shipping’ refers to the sale of goods located overseas at the time of the sale […]
Onboarding your new employee
Your new employees can access and complete the following onboarding forms through ATO online services: Tax file number declaration Superannuation (super) standard choice Withholding declaration Medicare levy variation declaration. To access these forms, your new employee will need a myGov account linked to the ATO. Once they have access they will need information from you, […]