Business Bookkeepping & IT Solutions

June 2021

Single Touch Payroll

Single Touch Payroll is a government initiative to streamline how employers report their tax and superannuation information to us. Employers will be able to report salary or wages, PAYG withholding and super information directly to us at the same time as they pay their employees. Single Touch Payroll will become available for a small number …

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ATO reiterates concerns about work-related expenses

Despite wide publicity on the issue, the ATO has reminded taxpayers that it is increasing its attention, scrutiny and education on work-related expenses this tax time. Assistant Commissioner Kath Anderson said that last year, over 6.3 million people made a work-related expense claim for clothing and laundry expenses, totalling almost $1.8 billion. She said the …

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Accounting firm found liable for client’s employee underpayment in precedent-setting decision

In what could be a precedent-setting legal decision, the Federal Circuit Court has found an accounting business to be liable for contraventions in the Fair Work Act when it provided payroll services to a client, which was found to be underpaying staff. Fairfax reports the accounting business, Ezy Accounting 123 Pty Ltd, was found to …

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