Taxable Payments Annual Reports (TPAR)

As of 1 July 2019, Taxable Payments Annual Reports (TPAR) will affect the following industries: Road freight IT Security TPARs were first introduced into the building and construction industry from 1 July 2012. Entities with ABNs need to report to the ATO information about the payments that they make to contractors for services. The policy…

Scam Alerts: Important Information

There has been a recent spike in the number of scammer cases in relation to the Australian Taxation Office (ATO). Scammers and malicious actors continually adapt their activities and use technological advancements to help them mimic the ATO’s interactions. They have two main objectives, to get you to: pay money divulge personal information or credentials.…

Save Tax By Using a Bucket Company!

How to “cap” the tax on trust distributions using a “bucket company” – SAVE TAX! In the lead-up to 30 June 2019, we want you to know why using a “bucket company” can be a great strategy for saving tax on trust profits distributed. PROFITS FROM A TRUST? Do you have a Trust that generates…

Avoid Extra Tax! Trust Distribution Resolutions

Avoid Extra Tax by making your Trust Distribution Resolutions before 30 June 2019! Do you have a Discretionary Trust (also known as a Family Trust)? If yes, you MUST keep reading! In the lead-up to 30 June 2019, we want you to be aware that you need to complete your trust distribution resolutions before 30…

Single Touch Payroll (STP)

What is Single Touch Payroll (STP)? Single Touch Payroll is a Government initiative that will change the way you report on your payroll to the ATO from 1 July 2019. Under Single Touch Payroll (STP), all businesses will report on salary and wages, pay as you go (PAYG) withholding and superannuation directly to the Australian…