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Comprehensive (2019) Guide to Single Touch Payroll (STP)

Comprehensive (2019) Guide to Single Touch Payroll (STP)

Single Touch Payroll (STP) is a new method of reporting tax and superannuation information to the ATO. Your payroll or accounting software can potentially offer STP reporting and will result in you sending your employees’ tax and super information to the ATO each time...
3 Easy Ways to Reduce Tax and Pay Less on Your BAS

3 Easy Ways to Reduce Tax and Pay Less on Your BAS

One of the most common questions that I get asked from small business owners and contractors is whether or not I think they are paying too much tax when they report their quarterly business activity statements (BAS) to the ATO. There are generally three primary areas...
Self-Managed Superannuation Funds – Everything You Need to Know

Self-Managed Superannuation Funds – Everything You Need to Know

Self-Managed Superannuation Funds (SMSF) are an increasingly popular option that many Australians appear to be shifting towards. Fundamentally, SMSFs are a way for Australians to have full control over their investment options. However, there remain main legal,...
How to Pay Superannuation to your Employees

How to Pay Superannuation to your Employees

Businesses in Australia who have employees are generally required to make superannuation (or ‘super’) contributions on their behalf. This is a compulsory system enforced by law by the Australian government. What is superannuation? Superannuation is a contribution made...