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...
Jul 23, 2020 | Coronavirus 2020, Employers
JOBKEEPER EXTENSION 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...
Apr 17, 2020 | Coronavirus 2020, Employers
THE JOBKEEPER PAYMENT The JobKeeper Payment is a wage subsidy that will be paid to eligible businesses impacted by COVID-19. Eligible employers will be reimbursed a fixed amount of $1,500 per fortnight for each eligible employee and/or for one eligible business...
