1 April 2018 is the date stipulated by the Australian Taxation Office (ATO) to count the employees on your payroll for Single Touch Payroll purposes. If you have 20 or more employees on 1 April, you will need to start Single Touch Payroll (STP) reporting from 1 July 2018. If [...]
We are hearing a lot about (yet more) proposed changes to superannuation. This time the income tax paid by companies which is passed on through dividends to shareholders (including EVERY superannuation fund in Australia) is under fire. So here is the simple truth. Every cent in franking credit refunds for [...]
Today we congratulate our Cadet Accountant, Alice Melville. Alice has been awarded with CQ University's Academic Prize for achieving the highest GPA in a year of any student in Gladstone enrolled in the Bachelor of Accounting, Bachelor of Business or Bachelor of Accounting & Business academic programs. We've known Alice [...]
At its meeting today, the Reserve Bank of Australia decided to leave the cash rate unchanged at 1.50 per cent. This is now the 19th month in a row without a change.