SPA Blog

Single Touch Payroll

May 3, 2019 10:42 am

Single Touch Payroll (STP) is a new way for employers to report tax and super information to the ATO.  It was introduced on 1 July 2018 for all businesses with 20 or more employees.  The laws to extend the Single Touch Payroll (STP) reporting requirements so they apply to all employers with less than 20 employees has now passed the Senate and will be Law. This means STP is set to be r…

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2019 Federal Budget: What it means for you!

May 3, 2019 10:29 am

While there are many parts of this years' Budget that apply to future years, we have summarised below the key changes you need to know about for the next 12 months. Remember, if the Federal Government changes then the Budget changes below probably won't happen and other decisions by the new Government will happen. It certainly makes life difficult when trying to decide whether to do somethin…

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Thoughts for the year ahead: Tax + Wealth in 2019

March 6, 2019 2:57 pm

There are a huge number of tax laws that may change this year as a result of the upcoming 2019 Federal Election. Individuals could be affected by:

  • Losing franking credit refunds to their Self-Managed Super Funds and to themselves
  • Paying higher capital gains tax
  • Losing tax benefits from negative gearing into investment property
Businesses could b…

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business meeting

Top five tax planning tips for small business

January 18, 2017 12:13 am

We’ve all heard of businesses that failed because they suddenly received a large tax bill that they couldn’t pay. These stories are even more unfortunate, because in many cases, these failures could have been avoided with some simple forward tax planning. As you’re reviewing your tax planning, keep these five simple tips in mind:

  1. Don’t just look in the "rear view mirror". E…

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