STP reporting changes from July
Changes to STP reporting from 1 July 2021 Employers should have already been reporting through Single Touch Payroll (‘STP’) unless they only have closely held payees, or they are covered Read More…
JobMaker Hiring Credit – eligible additional employees
JobMaker employee eligibility criteria How to report eligible additional employees through Single Touch Payroll-enabled payroll software Employees are eligible if they: have received income support payments, including the JobSeeker Payment, Read More…
JobMaker Hiring Credit scheme
Claims open from 1 February 2021 The JobMaker Hiring Credit is being administered by the ATO It provides a wage subsidy payment directly to employers as an incentive to employ Read More…
Employers need to apply recent tax cuts as soon as possible
The ATO has now updated the tax withholding schedules They reflect the 2020/21 income year personal tax cuts. Updated schedules are available at ato.gov.au/taxtables. The ATO has said that employers Read More…
Tax treatment of JobKeeper Payments
Broadly, JobKeeper Payments received by an employer are assessable income to the employer Likewise, the payments an employer subsequently makes to an employee that are funded (in whole or in Read More…