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Be STP Prepared.

From July 1 this year, all employers must use Single Touch Payroll reporting. STP is billed as the biggest tax change since GST. Preparing for this will allow you to transition smoothly to the new system.   What is STP? STP changes how you report your employees’ payroll and superannuation data to the ATO. In […]

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Common mistakes for GST

Here are common GST mistakes we see: Government fees ASIC, business name registration, vehicle registration (remember CTP may have GST) Food Fresh fruit, vegetables and milk for the office Banking Bank fees are GST free; merchant/eftpos fees are subject to GST. Interest doesn’t attract GST either Insurance No GST on the stamp duty and fire […]