Single Touch Payroll (STP) reporting has commenced, with around 40,000 employers sending tax and superannuation information from their payroll software each time they pay their employees.
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The proposal to reduce the tax rate large companies with over $50 million grouped turnover has been scrapped and will remain at 30%.
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Here are some reminders of items that may apply to your business:
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The government has announced additional funding to increase their level of review activities and assistance to tax payers.
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Owners of rental properties that are being rented out or are held available for rent can claim immediate deductions…
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We have outlined below a number of suggestions that may assist you to legitimately minimise your tax for the year.
Please note the following suggestions are of a general nature only and should not be relied upon without seeking personal advice. We recommend you contact our office to assist you with your own specific tax planning requirements.
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