How to set up your Director ID Directors are now required to register for a unique identification number that they will keep for life. What is a director ID? A director ID is a 15 digit identification number that, once issued, will remain with that director for life regardless of whether they stop being a […]
ATO shifts to Digital ATO moves to electronic lodgement of BAS & PAYGI The ATO has recently announced that taxpayers will now receive and need to lodge their activity statements electronically, and paper activity statements will no longer be accepted. Activity statements must now be lodged electronically through one of the following channels: Business Portal
ATO Shifts to Digital for BAS and PAYGI Read More »
$1,500 JobKeeper Subsidy A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1bn). Important Dates: From 30 March 2020 for six months For employees employed at and from 1 March 2020 First payments in
Jobkeeper Subsidy and Jobseeker update Read More »
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws. The stimulus measures are not yet legislated. Parliament will reconvene on Monday 23 March.
The Second $66.1 bn Stimulus Package: What You Need To Know Read More »
The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. The yet to be legislated four part package focuses on business investment, sustaining employers and driving cash into the economy. For business Business investment Increase and extension of the instant asset write-off Accelerated
COVID-19 Stimulus Package: What You Need To Know Read More »
The ongoing outbreak of coronavirus poses a number a risks that employers need to be aware of. In this guide we help you understand your obligations to your employees, and various other aspects workplace relations you need to consider when managing your response to the outbreak. employsure_au_2020_coronavirus-guide_clients The information in this guide is of a
Coronavirus Guide for Business Owners Read More »
Salary sacrificing to super allows an employee to forego part of their salary or wages and have the employer contribute this amount to their superannuation fund instead of paying it as cash. It reduces the taxable value of salary or wages, and is therefore beneficial to the employee in both reducing tax payable and increasing
New Rules for Salary Sacrificing Super Read More »
It’s that time of year again when most of us are winding down and heading off for a well deserved break. Here’s our daily top 10 things to help you maximise your holiday! Every day strive for: 1 hour of exercise. 2 litres of water. 3 cups of tea (may be substituted for wine or
10 steps to achieving balance this holiday break Read More »
Super Fund Lookup status change for overdue SMSF annual returns From 1 October 2019, if the lodgment of a self-managed super fund (SMSF) annual return is more than two weeks overdue, the status of the SMSF will change on Super Fund Lookup (SFLU). The new status, ‘regulation details removed’, will remain until overdue lodgments are up
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We have designed a walkthrough with screenshots to answer some common questions clients have around the new invoicing platform. As detailed in a previous communication the new system will reduce manual payment reconciliation errors, increase efficiency and provides additional payment options such as Bank Transfer and more in the near future. With robust security, reliable protection
IntegraPay Walkthrough Read More »
