Single Touch Payroll

Single Touch Payroll All businesses are now required to submit STP effective 1 July 2019. Are you ready for the change? What is Single Touch Payroll (STP)? Single Touch Payroll, also called STP or one touch payroll, is an initiative from the ATO to encourage frequent salary reporting. This means employers will be required to report salaries and wages, PAYG … Read More

Federal Budget 2019 – 2020

Federal Budget 2019 – 2020 On Tuesday 2 April, Federal Treasure, Mr Josh Frydenberg delivered Australia’s Federal Budget. Unsurprisingly, there are minimum changes to our tax system, with the main focus being enhancement of tax integrity measures. Superannuation legislation has been left mostly unchanged. Mr Frydenberg advised that the budget is “back in black” announcing a surplus of $7.1 billion next … Read More