How to get started with Single Touch Payroll

Practice Owner & BAS Agent - e-BAS Accounts

As mentioned in our last blog, smaller employers with less than 19 employees will need to start reporting their payroll data via Single Touch Payroll by 1 July 2019. That’s not far away and if this affects you, you need to start getting ready now! Don’t panic though, we are here to help and to that…

Taxable Payments Annual Report (TPAR) to be Expanded

Practice Owner & BAS Agent - e-BAS Accounts

The ATO has announced that those businesses providing services in the following 3 industries will be caught in the “TPAR net” (Taxable Payments Annual Report) from 1st July 2019. Road freight services Information technology services Security, investigation or surveillance services From 1st July 2019, businesses in the above 3 industries will need to track payments…

Cryptocurrencies – Keep Your Records

Senior Associate, Employment Law and OH&S Dispute Resolution and Litigation - Harwood Andrews
Principal Lawyer - Harwood Andrews Lawyers

In light of the ATO’s current position that income from cryptocurrency sales will generally be taxed under capital gains tax (CGT) provisions and increased scrutiny on cryptocurrency transactions, taxpayers should ensure they keep accurate records of cryptocurrency transactions. Its slightly ironic given the nature of most cryptocurrencies, however the CGT record-keeping rules require taxpayers keep…