May 24, 2021 | Employers, Taxation
Need a new van to deliver more orders? New machinery to ramp up production? Purchase the tools for the new apprentice? Or maybe new computers to keep up with technology? As we approach the end of financial year, there is still time to benefit from the Australian...
Mar 12, 2021 | Employers, Single Touch Payroll
Background Single Touch Payroll (STP) was introduced by the Australian Taxation Office (ATO) requiring employers to report their payroll data in real time based on their payroll frequency. It replaced the previous system of issuing PAYG Payment Summaries to employees...
Nov 6, 2020 | Federal Budget 20/21, Taxation
One of the new measures announced in the 2020-21 Federal Budget allows corporate tax entities to carry-back tax losses from certain years and offset them against tax paid on profits. But there are some limitations that businesses and their tax advisers need to be...
Oct 7, 2020 | Taxation, Employers, Federal Budget 20/21
The 2020/21 Federal Budget was delivered on Tuesday 6th October by the Federal Treasurer, the Hon. Josh Frydenberg MP. There will be many questions over the coming days, however TSP Accountants have summarised some of key points in this article. If you feel you are...
