Entries by backdooradmin

ATO Superannuation Compliance

ATO Superannuation Compliance (extract from the ATO 16 January 2019) Paying superannuation to your employees is an important part of being an employer. We are here to assist in meeting your obligations but the ATO are keeping a better track of who is and who is not paying employee super. Did you know that if […]

Is it a scam?

Is it a scam? From the ATO 3 January 2019 Story: You get a phone call. The caller says they’re from the ATO. They want you to pay a debt (which you know nothing about), or are asking for your personal details. But it doesn’t seem quite right. Maybe the caller: is aggressive threatens that […]

Rental Property investors to lose out from proposed budget changes

Rental Property investors to lose out from proposed budget changes May 2017 The 2017 Federal Budget, handed down by Treasurer Scott Morrison on Tuesday night, 9th May at 7:30pm AEST includes proposed changes which will affect residential property investors Australia-wide. The Australian Tax Office (ATO) allows owners of income producing property to claim depreciation deductions […]

Single Touch Payroll

Single Touch Payroll STP is a new concept being introduced to have business pay their staff obligations at the point of incurring the liability. If staff are paid weekly then the PAYG Withholding along with any Superannuation would be transmitted to the ATO at the time the payroll is processed. This applies to all staff […]

SuperStream

SuperStream The ATO introduced a new payment system for employee Super Contributions called SuperStream on 1 July 2016. SuperStream is the way businesses must now pay employee superannuation guarantee contributions to the choice super funds. With SuperStream money and data are sent electronically in a standard format to the ATO allowing them to forward the […]

Contractor Taxable Payments Annual Reporting

Contractor Taxable Payments Annual Reporting From 1 July 2012, businesses in the building and construction industry need to report the total payments they make to each subcontractor for building and construction services during that year. You need to report these payments on the Taxable Payments Annual Report and it must be sent to the ATO by […]