Jul 30, 2021 | COVID-19, Employers, Taxation
If you worked from home during lockdown and spent money on work related items that were not reimbursed by your employer, you might be able to claim some of these expenses as a deduction – but not everything you purchase can be claimed. If you are claiming your...
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 26, 2020 | Coronavirus 2020, Employers
The TSP team have been reviewing the NSW budget this week. Some of these areas we felt you might find helpful are: Entertainment Fun for everyone! $500 million to be spent on encouraging individuals and families to get back into their entertaining at local...
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...
Aug 11, 2020 | Coronavirus 2020, Employers
JOBKEEPER 3.0 The Government has announced a six month extension to the JobKeeper payment which will run from 28 September 2020 to 28 March 2021. There have been changes to the payment rates for the extended periods as well as more frequent testing of actual turnover...
