ASIC alerts accountants to funding model obligations

ASIC alerts accountants to funding model obligations

ASIC said organisations under their regulation need to contribute toward the associated regulatory costs incurred in the previous financial year and complete their business activity statements before 27 September.It said organisations must submit or confirm...
Single Touch Payroll: what businesses need to know

Single Touch Payroll: what businesses need to know

From 1 July 2018, the introduction of a new payroll reporting system has changed how organisations with 20 or more employees report to the Australian Taxation Office (ATO). Single Touch Payroll (STP) requires employers to report information such as salaries and wages,...
IPA heralds ABN reform, flags black economy pitfalls

IPA heralds ABN reform, flags black economy pitfalls

Earlier this week, Treasury opened for public consultation its proposals to strengthen the ABN system, of which submissions close on 31 August.IPA chief executive Andrew Conway said the ABN plays a critical role in the tax system, but registering an ABN without...