single touch payroll

From the 1 July 2019 Single Touch Payroll (STP) starts for employers with 19 or less employees. It is a new way for employers to report tax and super information to the ATO. You’ll report the following information through an STP ready solution – such as payroll software: payments to employees such as salaries and wages

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2018-11-16

The $20,000 threshold has been recently extended to 30 June 2019. If you buy an asset and it costs less than $20,000, you can write off the business portion in your tax return for the relevant income year. You are eligible to use simplified depreciation rules and claim an immediate deduction for the business portion of

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