by Maja Garaca Djurdjevic | Jul 3, 2019 | News
On 1 July, single touch payroll (STP), one of the biggest tax changes since the introduction of GST, became an obligation for all businesses across Australia, no matter their size. According to the ATO, as at 30 June, over 108,000 small employers are reporting...
by Maja Garaca Djurdjevic | Jul 2, 2019 | News
Morrison’s $158 billion three-stage tax cuts plan passed the House of Representatives on Tuesday night and is now headed for the Senate. Labor did not vote against the plan, but plans to convince crossbenchers to support its amendments in the Senate. The opposition...
by Maja Garaca Djurdjevic | Jul 2, 2019 | News
Following a month of speculation, the Reserve Bank announced on Tuesday it is lowering the cash rate by 25 basis points to 1.00 per cent following its June reduction, which was the first in three years. The RBA’s decision is aimed at supporting employment growth...
by Shared by Accountants Daily | Jul 2, 2019 | News
With employers with 20 or more employees required to be STP-compliant from 1 July 2018, the 12-month transition period has now run its course, meaning penalties are now in effect. Read more at the Accountants Daily.
by Shared by the ifa | Jul 1, 2019 | News
Back in 2009, planners used 3.5 platforms for new client inflows, on average, but this figure has fallen to just 2.1 in 2019, according to research from Investment Trends. Read more at the ifa.
